Standard Bank invests R1bn to enhance online business banking platform

Standard Bank has invested R1bn to enhance its online banking platform, strengthening the digital banking experience forBusiness and Commercial Banking(BCB) clients. Initially launched in October 2024, the upgraded platform has been designed to evolve over time and forms part of a phased client migration journey. All new clients are automatically onboarded, while existing clients are upgraded in phases and notified in advance.

This approach ensures continuity, stability, and security for clients as improvements are implemented. Over 140,000 businesses have already been onboarded. Standard Bank’s online business banking platformhas been redesigned for simplified user setup, permissions, and approvals, enhancing security and usability.

It enables companies of all sizes to manage transactions, payroll, and working capital with greater control and real-time visibility. Since migration began, platform usage has grown, reflecting increased adoption and engagement as clients transition to the new digital environment. Theonline banking platformcurrently processes billions of rand in transactions per month, underscoring its growing role in supporting day-to-day business banking activity across SA.

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When our clients have more clarity and control, they can focus on what really matters — running and growing their businesses While digital capability is critical, Standard Bank’s business banking model remains human-led, combining advanced online banking with dedicated relationship managers providing clients with personalised support, sector expertise, and advice on managing and growing their businesses. “Running a business is demanding and managing finances should not add to that pressure,” says Bill Blackie, chief executive of BCB at Standard Bank Group. “Our continued investment in our online business banking capability focuses on improving reliability, usability, and security, giving business owners and their finance managers tools that are convenient and timesaving. “When our clients have more clarity and control, they can focus on what really matters — running and growing their businesses.”

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