Financial Crime World

MALI BANKING SECTOR TAKES A LEAP FORWARD WITH CAPITAL CLEARING SOLUTION

Enhancing Efficiency and Security in Payment Management

ABIDJAN, August 13, 2024 - In a significant move aimed at modernizing its financial services, United Bank for Africa (UBA) Mali has adopted CapitalClearing, a digital clearing platform developed by Capital Banking Solutions. This adoption marks a major milestone in enhancing the efficiency and security of payment management in Mali.

Benefits of CapitalClearing

The implementation of CapitalClearing is expected to bring numerous benefits to UBA Mali, including:

  • Complete visualization of transactions: Streamlining the payment processing workflow for improved transparency.
  • Workflow automation: Reducing manual errors and increasing productivity through automated processes.
  • Advanced tools for risk minimization: Ensuring secure and efficient payment management.
  • Real-time data analysis: Providing valuable insights for informed decision-making.

According to Alain Klat, Head of Sales and Marketing at Capital Banking Solutions, “We are thrilled to partner with UBA Mali in the integration of CapitalClearing. This solution reflects our commitment to providing innovative tools that meet the evolving needs of the banking sector while ensuring security and efficiency.”

Key Features of CapitalClearing

CapitalClearing is designed to provide a comprehensive solution for managing the entire payment processing workflow in a seamless and secure manner. The platform offers a range of functionalities, including:

  • Image cheque management: Efficiently handling cheques and reducing manual errors.
  • Dematerialized bill management: Streamlining the process of sending and receiving bills electronically.
  • Transfer module: Simplifying cross-border transactions for improved customer experience.
  • Direct debit module: Automating direct debits for reduced administrative burden.
  • Real-time monitoring: Providing real-time updates on transaction status.

Positive Impact on the Malian Banking Sector

The adoption of CapitalClearing by UBA Mali is expected to have a positive impact on the Malian banking sector, enhancing the efficiency and security of payment management in the country. This move is also seen as a significant step towards digitalization in the banking industry in Mali.

About United Bank for Africa (UBA) Mali

UBA Mali is a subsidiary of the pan-African UBA group, which operates in over 20 countries across Africa and around the world. The bank officially launched its operations in Mali on February 4, 2019, offering a highly competitive range of products and services to a wide array of clients.

About Capital Banking Solutions

Capital Banking Solutions is a leading provider of innovative banking solutions tailored to various international banks. With over 25 years of experience, the company offers a broad range of products to address the needs and challenges of the banking market and its 200 banking and financial institution clients.