Absa Group, a large South African retail bank and a subsidiary of Barclays Bank, has launched a new online banking platform called Absa Online for its retail and business banking customers.
Based on Backbase’s Bank 2.0 Portal technology, the new online banking platform offers Absa’s customers a unified dashboard, which combines their financial data into a seamless, personal and relevant user experience.
Christo Vrey, head of Absa digital banking, says the update represents a “completely new user experience” for digital banking and, unlike traditional Internet banking, Absa Online is “no longer about just transactional requirements, but gives Absa customers easy access to all products and services within the group.”
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The country is expected to survive the review, which it must do to retain its place in the European Central Bank’s asset purchase programme.
The bank believes that the battered UK currency, recently only just holding above the US$1.20 level, could be trading at US$1.36 by this time next year.