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Nedbank’s double accolade at African Banker Awards

Nedbank’s double accolade at African Banker Awards

May 27, 2014

Nedbank was awarded both the Socially Responsible Bank of the Year and the Innovation in Banking Award at the African Banker Awards held in Rwanda on Wednesday  last week. This is the third time in the past five years that Nedbank has been a recipient of the Socially Responsible Bank of the Year.

The award is aimed at companies that go beyond the philanthropic use of funds to further use their overall knowledge, resources and reputation to improve the lives of those who are disadvantaged in society. The judging criteria included tangible examples of projects, policies and initiatives which have had a sustainable impact on targeted communities by the nominated banks.

Mike Brown, Nedbank Chief Executive says, “Building a sustainable business remains a key focus for Nedbank and this extends to making a positive contribution to the communities in which we operate. An integrated approach requires us to address the four pillars of sustainability – cultural, economic, environmental and social – in order to contribute to a better life for all and to deliver lasting benefits for all our stakeholders.”

“Being voted the Socially Responsible Bank of the Year for the third time moves us a step closer to achieving our vision to be Africa’s most admired bank by the communities in which we operate,” adds Brown.

The focus Nedbank has had on its innovation journey is also paying dividends and the bank has placed client-centred innovation at the heart of its strategy.

“Clients are no longer just looking to do banking, they are more discerning about the channels, products and environment in which they conduct their business. Remaining relevant in a fast changing environment requires the rate of innovation to be faster than ever, ” says Brown.

Nedbank has recently accelerated its delivery on client- centred innovations, including the reformatting of its retail branch network through the Branch of the Future concept, as well as the launch of market-leading products such as Approve-it™, PocketPOS™ and MyFinancialLife™ and the Nedbank App Suite™. In addition to being the first banking app to function on a selection of feature phones, the Nedbank App Suite™ was awarded the Best Android App in the consumer category at the 2013 MTN App of the Year Awards and it is the first banking app to offer online share trading in South Africa.

“Receiving the Innovation in Banking Award endorses the success of our approach and inspires us to continue innovating as a bank so we can continue to make things happen for our clients and enable them to achieve their financial goals,” concludes Brown.

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