<\/p>\n
\n Accra, June 6, GNA – Nii Amankra Tetteh, Executive Director of Business of the Universal Merchant Bank (UMB), says the search for a single source of truth and the consequent integration of databases is a critical ambition for Ghana.<\/p>\n
He said bringing financial data into this integration was important and the Bank of Ghana\u2019s support for it was commendable. <\/p>\n
The Central Bank has set July 1, 2022, as the deadline for all bank accounts in Ghana to be linked to the Ghana Card. <\/p>\n
This is in line with the Bank\u2019s and the Government’s strategy to make the GhanaCard the primary ID in the country.\u202f \u202f <\/p>\n
The Bank\u2019s drive to have all accounts validated and linked to Ghana Card continues to enjoy support from commercial banks in Ghana. <\/p>\n
A significant number of banks have undertaken heavy publicity campaigns to get their customers to link their cards. <\/p>\n
He said UMB\u2019s solution dubbed: \u201cEZ- UPDATE\u201d allowed customers to scan their GhanaCards with their phones and load this information onto a secure portal. <\/p>\n
Nii Tetteh said customers would then be able to sign into this portal and link their Ghana cards to their accounts. <\/p>\n
A few others, including the UMB, have out-doored online platforms that allow customers to link their Ghana Cards to their accounts online, without having to go into their branch. <\/p>\n
He said a large percentage of customers were cut out of banking benefits because the bank simply cannot KYC the said customers.\u202f <\/p>\n
The Executive Director said EZ UPDATE was the Bank\u2019s own digital innovation to reflect the lifestyles of their customers. <\/p>\n
\u201cNow our customers can conveniently update their accounts, even at 2 am on a Sunday. This is the UMB advantage we are proud of and continue to deliver to Ghana, since 1972,\u201d he added. <\/p>\n
He said with the launch of EZ UPDATE, UMB joined an elite club of Banks in Ghana offering the service. <\/p>\n
Over 80 per cent of Banks in Ghana, currently require their customers to do the linkage in person, at their branches. <\/p>\n
Nii Tetteh said UMB, and a few other banks have developed digital means that allow customers to achieve the linkage digitally. <\/p>\n
Madam Belinda Boamah, Executive Director (Strategy)\u202fof the Bank, said, \u201cAt UMB we pride ourselves in innovating for customer convenience, since 1972.\u201d <\/p>\n
EZ UPDATE was developed internally in the Bank, but its performance is world-class. <\/p>\n
She said it was another step in their digital reimagination journey as they commit to becoming digital, first for the customer, in the next 50 years of the Bank. <\/p>\n
\u201cWe are working hard to get to the point where our customers can interact with the Bank fully online, guaranteeing true convenience and access,\u201d she added. <\/p>\n
GNA<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Accra, June 6, GNA – Nii Amankra Tetteh, Executive Director of Business of the Universal Merchant Bank (UMB), says the search for a single source of truth and the consequent integration of databases is a critical ambition for Ghana. He said bringing financial data into this integration was important and the Bank of Ghana\u2019s support […]<\/p>\n","protected":false},"author":1,"featured_media":1112162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[5992,1274,3523,4978,16420,16397,3743],"class_list":["post-1112160","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-accounts","tag-banks","tag-digital","tag-ghanacard","tag-innovate","tag-linkage","tag-solutions"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1112160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1112160"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1112160\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1112160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1112160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1112160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}