SA Bank Chooses Financial Objects Solution to Streamline Lending Operations
African Bank has licensed Financial Objects’ activebank’ solution to support its general ledger, lending and treasury. The Johannesburg-based institution, which manages two million loan accounts, will roll out activebank’ across its 200 branches in South Africa this June. African Bank is implementing activebank’ as part of a project to streamline lending operations and improve its ability to manage customer repayments. activebank’ is designed to create a straight-through-processing environment that allows the bank to focus more closely on client needs. It features advanced customer monitoring capabilities, which give an up-to-date picture of account status and individual transactions. African Bank aims to enhance its ability to service Southern Africa’s growing number of microfinance customers, who are denied access to traditional credit facilities because of irregular cash flows or a high risk profile.