Fintech Provides ATM Transaction Technology for Eight Ethiopian Banks

Fintech Provides ATM Transaction Technology for Eight Ethiopian Banks Fintech Provides ATM Transaction Technology for Eight Ethiopian Banks

As Ethiopian banks look to minimize errors associated with automatic teller machine transactions, Fintech, a Pan African information technology solutions and service provider has launched a technology that will come in handy for the banking sector.

According to the head of sales at the Kenya-based firm Polycup Osero, the service will save Ethiopian banks time and resources in resolving ATM errors, and boost customer satisfaction. "Currently a bank in Ethiopia uses 30-50 people to reconcile ATM-related error reports. But with the Fintech solution, not more than 10 people will be needed to trace and resolve the error," said Mr Osero.

The bank is already providing a cheque truncation system to eight banks in Ethiopia, namely Awash, Dashen, Zemen, United, Anbessa, Abay, Enat and Debub Global banks. The system allows banks to capture the image of the cheque and send it to the central bank for verification.

Tagged as:

Latest news, Ethiopian News, Business, Fintech

RELATED CATEGORYMore

3915 Views Comments

Louvres Hotel Group,Signed Its 3rd Hotel In Ethiopia

Louvres Hotel Group, number one hotel group in East Africa, signed its 3rd hotel in Ethiopia, pursuing the expansion of an ambitious network covering sub-Saharan

5834 Views Comments

Is Safaricom Entering the Ethiopian Market?

Safaricom has denied reports of the company entering into the Ethiopian market. The Kenyan telco had been said to be gearing up for its first venture

3955 Views Comments

Ethiopian Airlines Digitalized All Business Processes

Flying even more greener; Ethiopian Airlines Group, the largest airline in Africa, is pleased to announce that it has fully digitalized all its business processes