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Diamond Bank Plc has been named and awarded the Best Bank in Mobile Banking in Nigeria by Businessday in the 2016 Banking Awards. The Bank also emerged as the Bank with the ‘Most Innovative Product of the Year’ as its Cool Teen financial product, developed for teenagers,beat four others to emerge tops.

According to the award screening and selection committee, the awards are in recognition of the Bank’s high value addition to the growth and development of mobile banking in the country and its leading role in revolutionizing and positioning the mobile phone as a tool for driving financial inclusion in the country.

A message from the awarding institution as reflected in the award plaques, affirm that Diamond Bank’s success in the fiercely contested award categories by a lot of other nominated banks in Nigeria, is in recognition of its unrivalled excellence in services to customers and reward for the quality of financial products developed to stimulate the interest of youths, customers and potential customersto embrace digital banking using the mobile phone.

Receiving the awards Uzoma Dozie, Diamond Bank’s Chief Executive Officer, who was represented by the Deputy Managing Director, Caroline Anyanwu, stated that the award is a strong testament of the Bank’s conviction that the digital platform holds the key to the future of banking, adding that the Bank’s leading revolutionary role in providing efficient and cost effective services using the mobile phone is strategic.

Dedicating the awards to members of staff and the customers, the DMD said: “… we couldn’t have done it without you and your belief in us. The best is yet to come”.

According to her, the reason for developing specific financial products for the youths and children is to enable Nigerian youths belong to the banking community and know that they have a right to start early to chart a healthy financial course in life.

She pointed that the Diamond Future Account is specifically designed for parents to save for their children while the Cool-Teens and SWAG (Students With A Goal) accounts are for youths between the ages of 13 and 17 years as well as students in tertiary institutions.

Since assuming office as the Chief Executive Officer of Diamond Bank, Uzoma, working with a well-focused digital team, has stamped Diamond Bank as the leading bank with the most digital innovations in Nigeria. Diamond Bank is the first bank in Africa to launch the fingerprint recognition feature on its Diamond Mobile App, a fingerprint reader that allows users of the Mobile App an easy and seamless login to their accounts by simply recognizing and identifying their individual fingerprints – a technology very few banks in the world have adopted and implemented. The Bank is also the first to introduce the Magic Cash, an app that works with the mobile phone; it is a no-cheque, no-withdrawal slip and no-debit card financial transaction that gives customers easy access to draw cash from any of the bank’s ATMs anytime.

The bank also is the first to introduce the Diamond Y’ello account, in partnership with the mobile telecommunications giant, MTN. It is a fully mobile hybrid account that offers the over 55 million subscribers on MTN Nigeria network a fusion of financial services and telecoms incentives.

The Bank is also the first to have 1 million customers download, register and start using its mobile app for banking transactions in the financial services sub-sector.

In his opening address, Lagos State Governor, AkunwunmiAmbode, stated that despite the harsh operating environment, banks in the country have shown high level of professionalism. According to him, the sector has a role to play in ensuring that the monetary policies of government help to chart a new path for economic growth outside oil.
The governor, who was represented by a former Lagos State Deputy Governor, Dr Femi Pedro, urged banks to be more focused and tactical in addressing the various challenges facing the financial services sub-sector, noting that the awards were being presented for the proactive values winners have brought to the table.

“You are being celebrated today by industry peers for being the best in your field. You must remain leading lights for others to follow”, the Governor stated.

The Publisher of Businessday, Frank Aigbogun,stated in his welcome address that the awards were being held to recognize the great institutions and leaders in the banking industry. He pointed that a credible information gathering process was adopted by the Research and Development division of the organization in selecting the award winners.According to him, Businessday will continue to promote transparency in public space, while still engendering healthy rivalry and competition in the banking sector.

BUSINESS

Everyone Can Open A Zenith Bank Zero Account [WATCH VIDEO]

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Do you know that you no longer need tens of thousands of naira or huge funds before you can open a Zenith bank account?

Are you aware that you can open a zero naira account with Zenith Bank?

Yes, you can and you can do it on the go!

Watch the video:

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BUSINESS

Abuja Aglow As World Presidents, Dignitaries, Celebrities Set For Africa’s Biggest Event #TheUBAMarketPlace2019

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Pan African financial institution, United Bank for Africa (UBA) Plc is set to host over 20,000 visitors, 100 small and medium enterprises and leading private and public sector players from across Africa, at the continent’s biggest entrepreneurial fair tagged #theUBAmarketplace2019 in Abuja, Nigeria.

The event, which will be held on July 26th and 27th 2019, on the sideline of the Tony Elumelu Entrepreneurship Forum, the largest gathering of the entrepreneurship ecosystem in Africa, will host businesses and business owners in various industries including food, fashion, beauty, home/interior, and gadgets.

The epic event will offer plenary sessions and discussions on the small and medium scale enterprises (SMEs) sector and the relevance of financing. The plenary sessions will highlight the entertainment and music industries. Likewise, fashion, a big cultural and revenue attraction on the continent, will be showcased with the designs of 10 leading African labels.

At the master-class sessions to be held during the UBAmarketplace2019, small and medium scale businesses will have the opportunity to network and get solutions to some of the challenges they face in running their businesses. Also, entrepreneurs who are beneficiaries of the Tony Elumelu Foundation will be presented a platform to pitch their businesses with a grand prize of a grant, courtesy of UBA.

The Group Managing Director, Kennedy Uzoka, speaking about the event, stated “UBA has always been at the forefront of entrepreneurship across Africa, undertaking many projects aimed at contributing to supporting Africa’s growth and economic integration. The birth of the UBAmarketplace and this entrepreneurial fair is a testament to our commitment to African SMEs”

Uzoka added that with the fair, UBA seeks to touch base with small business owners while positively affecting the lives of entrepreneurs doing business in its countries of operations and beyond’.

“I think everyone realizes the fact that we need to prioritize the private sector. We need to encourage entrepreneurship and youths. This is the driving factor and the major reason why we are organizing an event of this magnitude’ he said.

UBA’s REDTV will light up the Redzone at the UBA marketplace with entertainment featuring Africa’s star boy Wiz kid; DJ Cuppy and many more.

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BUSINESS

Access Bank UK Balance Sheet Up 36% As Polo Day Pledges N350m For Children In Education

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The Access Bank UK used its’ annual Access Bank Polo Day at Guards Polo Club Windsor on Saturday 13 July to post results showing another year of outstanding international business growth.

2018 was the year that it joined the three key UK clearing systems, and collected the best African Trade Finance Bank Awards from both International Finance and CFI.

All four strategic business units returned double-digit growth and in only its second year of operations, the importance of its investment in Dubai was demonstrated by a 200 percent increase in income. For the eleventh year running it was able to report having no ‘non-performing loans.’

With Corporate Responsibility and exemplary Corporate Governance playing a key role in the growth of the Bank, the Polo day is the culmination of a yearlong programme, with part of its fundraising in partnership with UNICEF for education projects in northern Nigeria in particular.

A total of N350 Million was pledged during the day to build and equip 70 new classrooms, for children’s education in Northern Nigeria. Since the UNICEF/Access Bank initiative was started in 2005 it has built schools in Kaduna and, kept more than 8,000 students in continuous education.

At the same time, new school blocks and a computer literacy building all in a more secure and friendly school environment have been developed. The communities surrounding the schools are being supported with bore-holes for water, and sewing and grinding machines to secure employment and stimulate economic and social development.

Kaduna State Governor, Nasir El-Rufai is committed to matching the building programme which will see another 70 classrooms built in the coming year and another 2500 children in education.

The annual event is the climax to the high-profile Access Bank/UNICEF Charity Shield Polo tournament, and celebrates reaching out to and highlighting the plight of vulnerable children and orphans and internally displaced persons. In partnership with 5thChukker and based in Kaduna, Nigeria, the tournament is the biggest charity polo tournament in Africa and generates funds and stimulates support for the work of the UNICEF/Access Bank initiative across Africa.

According to the Managing Director, Access Bank UK, Jamie Simmonds “we are a bank where our growth has been fueled by the strength of customer relationships. It enables us to develop innovative products and financial solutions with rather than just for our customers.

“Becoming a UK clearer is a major landmark for us and differentiates us from many of our competitors in the market place. We also manage our retail deposit offering in-house for greater control with both initiatives forming part of our strategy to future proof the bank” “

We have offices here in the heart of the City of London, Dubai and Lagos and are building our presence in China through a representative office there.” “We invest significantly in attracting, retaining and developing professional staff in order to ensure customers always deal with an expert who is familiar with their business and personal financial needs.

Herbert Wigwe, Chairman of The Access Bank UK Ltd, says “the successes in completing the first decade of trading for ACCESS Bank UK has been a major milestone. Growth has been sustained at the same time as earning a reputation for innovation and flexibility”

“Together our continuing support for the Fifth Chukker -UNICEF initiative is predicated on our view of our role as a change agent in Nigeria and Africa that can help institute socio-economic development through responsible business practice, social initiatives and environmental consideration.”

Wigwe added “we continue to look for ways through which more resources can be pooled towards supporting the children. We are part of the community and as such should support its wellbeing.”

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