Government rounds on Bank of England following Chaps breakdown

The Bank of England is coming under intense political pressure to provide a more detailed explanation of the ten-hour breakdown in the operation of …

Finextra Research Retail banking channel

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Ecobank Ghana Launches Premier Banking Service

Ecobank Ghana Launches Premier Banking Service

A new banking service, Ecobank Premier Banking, has been launched tailored for the fast-growing middle class in Accra

Ecobank Premier Banking, the latest addition to Ecobank’s product offering, is one of the responses to the banking demands such as deposit, cash management and credit products and services.

Premier Banking customers will also be issued with Premier Banking Automated Teller Machine (ATM) cards, different from the ATM cards used by other customers.

It is the highest within the Ecobank customer service range which is designed to cater for individuals within a GH¢450.000 annual income bracket.

In an address read on his behalf to declare the product launched in Accra, last week, the Managing Director of Ecobank Ghana, Mr Sam Adjei said the product was designed to satisfy a broad range of financial needs including investment advisory services tailored to individual wealth plans; Credit products; International payments; and electronic card solutions.

Mr Adjei said the Bank had in place a cohesive team of wealth management specialists to assist customers to meet their needs, not only in Ghana, but also across the 36 countries where Ecobank had its presence.

He said Ecobank had in place an attractive customer service in Ghana and that in terms of customer service; the aim was the ‘gold standard’.

Welcoming the audience, Mr George Mensah-Asante, Executive Director and Head of Domestic Banking, Ecobank Ghana, said Ecobank was changing the landscape of banking on a local level, adding that the introduction of Premier Banking was a bold step in redefining banking.

Mr Mensah said Premier Banking would cater for the needs of individuals who demanded personal and flawless service in growing their wealth.


Adisa King – West Africa Correspondent

Publication for banking and finance – Technology Banker

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Fiserv Extends LoanComplete Suite with Document-to-Document Comparisons

Fiserv Extends LoanComplete Suite with Document-to-Document Comparisons

Fiserv, Inc., has announced that the Comparalytics module within the LoanComplete suite contains new feature to compares documents to any and all other documents associated with the loan file

The Comparalytics module works with existing data sources to proactively identify and flag data mismatches between other systems, documents, data sources and the original documents, allowing real-time insight for corrections.

With the recent update, the benefits of ensuring consistency of data by comparing loan document content against the loan origination system (LOS), automated underwriting system (AUS), servicing system and other systems of record, is now extended to comparing document content directly to any and all other documents in the loan file.

"Managing investor and regulatory risk is paramount to lenders’ and servicers’ success in today’s mortgage lending and servicing environments," said Ken Knudsen, Head of consumer lending strategy, Financial & Risk Management Solutions, Fiserv. "It is of the utmost importance to Fiserv to provide technology solutions that enable the highest levels of accuracy and efficiency to help maintain loan quality throughout all stages of the loan manufacturing, selling, and servicing processes. With the updated Comparalytics module within LoanComplete, our clients can rest assured that the highest level of due diligence has been completed regarding data comparison."  

Using LoanComplete, primary documents can be designated to serve as the main data source for comparison to other documents (secondary documents) in the same loan file. For example, information contained in the final documents can be used as the source data to verify that the information contained in the initial disclosures and application information is consistent, accurate and that the document sets are complete.

The document-to-document comparison feature further ensures the quality and consistency of the data in the loan file by flagging and addressing errors prior to the sale of a loan or servicing rights to an investor, significantly mitigating downstream investor repurchase risks, mortgage servicing rights (MSR) transfer delays, and regulatory compliance challenges.


Grey Thomas – Staff Writer

Publication for banking and finance – Technology Banker

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