Ghana banks urged to embrace technology

Barclays Bank

Barclays Bank

from MASAHUDU KUNATEGH in Accra, Ghana
ACCRA – MISYS, the United Kingdom-based multinational software firm, has urged Ghanaian banks to increase the deployment of electronic banking services to grow their businesses.

Misys’ Senior Risk Advisor, Bradley Ziff, explained that the deployment of electronic banking services could also reduce the risk especially cybercrimes in the West African country.

“The advancement of electronic banking and indigenous banking is a real opportunity in the emerging markets including Ghana because it is spreading,” he said in an interview with CAJ News in Accra, Ghana.

Ziff urged Ghana to emulate such countries as Nigeria, which has adopted a cash-light economy to reduce crimes and to reduce the risk of carrying money.

“So, to me this unquestionable the way to the future. Because if you walk the streets of Accra which I have and I have the chance to go a number of the highly underprivileged areas in the New York city and other parts of Africa that need investment you still see people there carrying mobile phones, tablets and devices.

“So that is the direction which people are to be moving in the next three to five years this means mobile banking has a future,” Ziff added.

The Regional Head of Ericsson Sub-Saharan Africa, Fredrik Jejdling, concurred.

“Mobile banking has provided consumers with cheaper access to their finances due to a reduced need to travel and the lower overall cost of using a mobile phone for financial transactions,” he said.

Headquartered in London, Misys specialises in software for banking, capital markets, lending, enterprise risk and investment management.

– CAJ News





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Posted by on Aug 25 2014. Filed under Featured, Finance, Insurance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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