Tanzania Daily News (Dar es Salaam)

29 August 2014

Tanzania: Standard Chartered the Best Consumer Internet Bank

STANDARD Chartered Bank has been declared the Best Consumer Internet Bank in Tanzania by the Global Finance magazine.

In addition to being named the country winner in Tanzania, Standard Chartered was also named country winners in Kenya, Uganda, Botswana, Zambia, Zimbabwe, Ghana, Nigeria and Oman, in the First Round winners of the "World's Best Internet Banks" competition for Middle East and Africa.

This is the 15th year the Global Finance - a globally acclaimed financial publication, has named the World's Best Internet Banks.

According to Global Finance, winners were chosen among entries evaluated by a worldclass panel of judges at Infosys, a global leader in consulting, technology and outsourcing.

Global Finance editors were responsible for the final selection of winners in the First Round. The criteria included the strength of strategy for attracting and servicing online customers, success in getting clients to use web offerings, growth of online customers, breadth of product offerings, evidence of tangible benefits gained from Internet initiatives, and web site design and functionality.

Also announced were Regional winners in Sub- Categories, where Standard Chartered scooped three out of the nine regional sub-categories.

The bank was named Best Information Security Initiatives, the Best Bill Payment & Presentment, and the Best Online Deposit, Credit and Investment Product Offerings.

"To 'innovate and digitise' is one of the Bank's priorities for the year, and for retail clients it is already an integral part of our customer-focused strategy, especially as we aim to be the Digital Main Bank for our customers," commented the Retail Clients for Standard Chartered Bank Tanzania, Mike Shio.

"This recognition is thus an excellent reflection of the Bank's digital strategy and a measure of how well are doing in capitalizing on evolving technologies to deliver modern solutions to our tech-savvy and mobile customers."

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