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AMMAN, Ecosa Partner to Bridge Knowledge Gap Among Financial Inclusion Agents

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The Association of Mobile Money Agents in Nigeria (AMMAN) in collaboration with Ecosa Hybrid Network organized a capacity building workshop with the aim of bridging the knowledge gap amongst financial inclusion agents and other core stakeholders in the industry in the Northern part of the country.

Victor Olojo, national president, AMMAN, said the workshop became necessary in view low awareness of the association in that part of the country as well as impact skills on agents on agent banking and mobile money,

“The workshop offered training and follow up to execution of new agent network in northern Nigeria especially in Kano state, share funding and product opportunities among participants as well as provide varieties of point of sale terminals (PoS), fund transfer platforms among others for agents to access from the exhibition stand,” he added.

He said that AMMAN also used the opportunity to launch her special agenda for Northern women with the theme ‘Northern Women for Financial Inclusion (NWFI’).

Northern Women for Financial Inclusion is an advocacy programme that seeks to break the barrier of reaching the women in the last mile.

“Core of NWFI is advocacy and job creation for Northern women so as to bridge cultural barrier that deters women from mingling with the general public. It has been reported that Kano and Gombe states were least states in the financial inclusion ranking in the country,” he said.

He further stated that AMMAN has taken her rightful place in the financial inclusion industry in Nigeria with the workshop.

“We are now the alternative to all other stakeholders, who failed to deliver on the 2020 goal of the CBN of reducing exclusion rate to 20%.

AMMAN has proven to be the most capable and most impactful. Since most banks and MMOs only deploy technologies and interested in profit without taken responsibility of agent training Job creation; AMMAN, through her members are employing jobless youths and empowering women in agent network around the country.

AMMAN is now the only reliable channel of feedbacks on performances of various digital financial services being rolled out.  This has helped in raising the efficiency of financial inclusion services in Nigeria.  We are also the channel for device pilots for all financial inclusion solutions in Nigeria.

Among stakeholders that attending the workshop include; Mr. Hassan Ton, CBN Branch Conteoller representative , Alhaji Salisu Yakassai, a representatives of Kano State  Chambers of Commerce and Industry.


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Ex-IBC DG in Police Net for Stabbing Wife to Death in Imo

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Imo state police command has arrested 82-year-old Theophilus Okere, a retired director general of Imo State Broadcasting Corporation (IBC) for allegedly killing his wife Mrs Beatrice Okere in Imerienwe community within the Ngor- Okpala Local Government Area of Imo state.

Ex-IBC DG in Police Net for Stabbing Wife to Death in Imo

Confirming the incident, Orlando Ikeokwu, Imo state police command public relations officer disclosed that preliminary investigations revealed that after killing his wife, the 82-year old ran away until he was arrested by the officers of the command after a tip off.

According to reports Mrs Beatrice Okere who was in her seventies was taking to an undisclosed hospital by indigenes of the community after the incident happened but due to loss of so much blood gave up the ghost in the hospital.

However, Isaac Akinmoyede, Imo state Commissioner of Police said investigation is ongoing to ascertain if the man committed the heinous crime and should be charged to Court in due time.


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Global Finance Names Ecobank Most Innovative Bank in Africa

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Global Finance has named Ecobank as the most innovative bank in Africa.

The announcement was made at the eighth Global Finance annual awards, the Innovators 2020, honoring entities that regularly identify new paths and design new tools in finance.

Categories in the award include Top Innovations in Corporate Finance, Payments, Trade Finance, Cash Management, Islamic Finance, with Winners selected from different regions of the world.

The classes of award comprised Most Innovative Banks in Africa, Asia-Pacific, Central & Eastern Europe, Latin America, Middle East, North America and Western Europe; The Most Innovative Fintech Companies in Asia-Pacific, Central & Eastern Europe, North America and Western Europe; and The Best Financial Innovation Labs

At the virtual awards announcement, Anita Hawser, European Editor at Global Finance and Lead, Global Finance Awards evaluation team, noted that companies recognized at the Innovators 2020 significantly stood apart.

She said the review panel looked at innovation in the context of product or process innovation, as they were ultimately more concerned with the impact of innovation in terms of creating value for customers or addressing a specific need, like speeding up lending or credit review process for small businesses; enabling companies to deposit cheques remotely and not having to visit the branches.

According to her, these are innovations that significantly reduce the time or cost of companies to perform financial tasks and really transform customers’ business lives helping them operate more effectively in a significantly challenging business and economic environment.

In his remark, Ade Ayeyemi, Ecobank Group CEO said: “We are pleased to be recognised as the “Most Innovative Bank in Africa” by Global Finance. This attests to the strength of our brand in multiple countries across Africa, our unique pan-African platform, and our innovative banking products and solutions made possible by the success of our digital transformation journey.

“With a larger African footprint than any other bank operating in West, Central, East and Southern Africa, Ecobank is the only bank that has banking operations that spans 33 African countries, operating a truly integrated African network.”


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The role of Human Capital Management in the new world of work

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By Ronnie Toerien, Oracle HCM Sales Development & Strategy Leader – Africa

The world of work has been changing for some time, particularly over the last decade as emerging technologies equipped enterprises with the tools to operate with greater efficiency, innovate and explore a new potential. However, unprecedented events in 2020, have accelerated this transformation at an unimaginable pace.

With mandates to work from home if possible, the disruption of traditional business models is being driven by pure necessity. Like other contemporary, cloud-based business systems, Human Capital Management (HCM) has a vital role to play in ensuring business continuity, and resilience, as we march into the new world of work.

First and foremost, cloud-based HCM is essential to provide continued access to and support for remote workers, and at the same time safeguard the safety and health of employees. In the case of the latter, one product example is Oracle’s Workforce Health and Safety solution, currently free to all Oracle HCM Cloud customers. A business’s workforce is its greatest asset and should remain its greatest concern. Especially now. With employees scattered, the data collected, and analytics generated, by next-generation HCM solutions become crucial to combat absenteeism, identify at-risk individual employees and formulate a succession planning strategy across an entire organisation.

Crises, and the manner in which they are handled internally, can have a major impact on talent retention and acquisition, which will have a knock-on effect for business delivery. Reassurance through empathetic communication is essential. Empowering employees with information about the company’s strategy during such periods, as well as providing open channels for two-way conversation, gives people a sense of belonging to an organisation that is looking after and listening to them.

Going hand in hand is the need to help grow employees. Learning and development are often affected when enterprises embark on crisis cost-cutting, but the current climate is the perfect opportunity for HR to equip staff for new roles, or take advantage of employee skills and use them in new ways (possibly gig economy opportunities) that support the organisation, and the individual’s own professional growth.

It is important to note that the new world of work is under a microscope. Business success is no longer solely reflected in revenue. Public perception can have a powerful impact on customer behaviour, as it spotlights caring organisations and their opposite: those enterprises taking advantage of a situation and their staff.  Cloud-based HCM applications help make work inherently more human-focused.

The new world of work is also notable for its drastically altered business processes. Older ways of working are often proving too inflexible to overcome current challenges. Cloud HCM plays its part in breaking down rigid division, not only between departments but data sets as well. As a powerful integration tool, it can bring together information and related components that do not naturally connect. For example, analytical tools can be combined with a combination of absentee data and workforce plans to model scenarios and combat skill gaps in reality. Such is the case with newly available Oracle Analytics for Fusion HCM, which seamlessly draws together and uses cross-functional data.

Cloud HCM’s’ removal of barriers applies to people too. The future of work is about connection, and contemporary applications equip employees to work more diversely within an organisation, collaborating with colleagues across the whole company ecosystem. Hierarchies and silos have given way to a flattened organisational structure of diverse networks working towards a single goal, opening the door to innovation and greater operational agility.

The foundation of a lasting, successful business process change is a culture shift. The latest HCM tools break down resistance to new systems, especially now as workers engage with the modules regularly from their remote work location. HCM is ushering in acceptance of a whole new way of working, with the likes of voice-commanded digital assistants proving their time-saving value, and other benefits, to users.

The new world of work is unquestionably one of co-existence between humans and autonomous systems, underpinned by the likes of machine learning and robotics. Just as traditional HR helped to streamline an employee’s entrance into an organisation, maximise their contribution and bolster their employability, cloud HCM is fulfilling the same function. This, while bringing together man and machine, which is key to business success in the future of work.

 

 

 

 

 


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