In a first for Standard Chartered Bank in Afrika, they have opened what they call their first digital bank on the continent in Côte d’Ivoire. In attendance at the launch of Standard Chartered's digital bank was also famous footballer from Côte d’Ivoire, Didier Drogba.
Drogba commented on how easy it was to open an account using his mobile phone. According to Standard Chartered, he was the first person in Côte d’Ivoire to open a digital account at the Bank.
“We are pleased to launch our first digital bank in Africa with the support of the Government of Côte d’Ivoire. This is a key milestone on our digital journey as a Bank and underlines our commitment to investing and growing in the market. We have been steadily investing in expanding our footprint in Africa over the years, and this will continue to be a priority moving forward. Digitising Africa remains at the heart of our business strategy for the region, and we look to implement our Côte d’Ivoire model across other markets in the coming months,” said Sunil Kaushal, Regional CEO for Afrika and Middle East at Standard Chartered.
Bruno Nabagné Kone, Côte d'Ivoire's Minister of Information Technologies and Communications, was the guest of honour at the launch event which was also attended by dignitaries, business leaders, clients and senior management of the bank. Drogba was also announced as Standard Chartered's digital ambassador,
“I’m pleased to have launched the Bank’s first digital retail bank in Côte d’Ivoire and proud to see the progress the country has made over the past decade. We have seen how digital transformation has contributed to economic development and will continue to do so, in line with the country’s National Development Plan. Our partnership with Didier Drogba has helped raise awareness, not only for our digital offering, but for enhancing financial literacy and improving accessibility to financial services across Côte d'Ivoire. Promoting the social and economic wellbeing of communities is a key component of our strategy to support sustainable development and our digital bank is certainly another step in the right direction,” said Isaac Foly, Chief Executive Officer for Côte d'Ivoire at Standard Chartered Bank.
One of the key achievements, as a result of the digital bank experience, is that the client onboarding process has been digitized and clients can open a new account in under 15 minutes.
Cover image credit: Standard Chartered Bank Launches its First-Ever Digital Bank in Afrika.