ECOBANK INAUGURATES OMNI In direct response to the newly introduced Central Bank of Nigeria (CBN) Cash-lite policy, Ecobank launches a new product Ecobank OMNI, an integrated electronic banking platform designed to provide cash management solutions for corporate customers. Speaking at the occasion, Managing Director, Ecobank Nigeria, Jubril Aku said Ecobank Omni offers a comprehensive suite of flexible online Cash Management solutions – all designed to enhance productivity, manage cash flow and maintain efficient management of a company’s working capital cycle. Ecobank is now a stronger bank with presence in all the 36 states of the federation. “We carry out your banking transactions at any of the more than 600 Ecobank Nigeria branches across the combined network in Nigeria, making your banking more convenient and more accessible.” “Customers can now use their debit (ATM) cards free of transaction charges across all 890 Ecobank ATMs as well as use their debit cards free of charge at all POS terminals in the country.” He added. The Group Corporate Bank Head, Charles Kie said Ecobank is bringing you a world of added convenience, better, simpler, faster, and safer banking with OMNI, corporate internet banking platform. He said the product comes as a direct response from the constructive feedbacks received from Ecobank’s numerous customers - corporate, institutional and public sector. “We are grateful for the continued partnership with Ecobank. In each of our markets in Africa, the Ecobank Group differentiate ourselves by making customer focused products and services. OMNI is the latest addition to why we make value added products to cater for the needs of our customers. “With the introduction of the CBN cash-lit policy, this product will modernize the hand to hand payment of our people. “This product ensures the ability to initiate a wide range of payment instructions such as transfers between accounts at Ecobank, domestic inter-bank transfers, cross-border or international transfers, and cheques or drafts in local and foreign currency. “Multiple payments and currencies within one file upload for processing of payments out of accounts in different countries. Beneficiary Remittance Advices with references fully captured” he said. The Head, Corporate Products, Ecobank, Emile Sagna explained the key features of the product. He said it has customizable workspace supported by local language and time zone, with comprehensive, but easy to use intuitive navigation. On the Integrated access, he said it has single sign-on giving access to information on accounts at Ecobank or other banks. Multi-geography,multi-language, multi-currency and fully integrated. It Supports all your payments, collections and liquidity management needs. On the System Security of the product, it has multiple tiers of firewall to prevent unauthorized access to our servers. 128 bit SSL encryption – Secure communication protocol that encrypts client information during transmission over the internet. “Role-based security implementation with each user configured to access certain accounts or perform specific tasks as per their designation within the company, “he said. He noted “that it has real-time transaction information and customized reports for reconciliation, planning or forecasting. Statements are available on operating, investment and loan accounts. Information on transaction history can be downloaded in formats including CSV (comma separated values), Excel, PDF, AFB 120 and MT 940. MT940 reporting and download is both on Ecobank accounts and also on accounts at other banks. Same cross country, multi-geography reporting into a single base currency and balance reporting.”