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If you’re wondering why The Banker has honoured RMB with the prestigious ‘Most Innovative Transaction Banker in Africa’ award, we can answer you with two words: Solutionist Thinking. Our end-to-end corporate transactional products and services in Africa are consistently being researched, refined, improved, simplified, invested in, and adapted for corporate clients across the continent — to solve their unique needs.
How is this Solutionist Thinking applied? Through our delivery of functionality across key transactional areas:
If you require more visibility and control over your corporate financial transactions, you need to be able to make better decisions in real time while optimising your cash flow and working capital cycles. Here’s how:
Supply Chain Finance
In just over two years RMB has become the leading provider of Supply Chain Finance (SCF) solutions in South Africa based on the number of SCF programmes implemented and SCF mandates won. RMB’s automated SCF solution has been used to discount over 100 000 invoices (c. ZAR2-bn), having grown from just 3 800 invoices (ZAR177-m) in 2016.
Trade Finance
We work with our clients to craft bespoke solutions to their unique challenges in arranging and managing their working capital facilities in the region. These are often multi-jurisdictional and provide elegant solutions to the multi-currency, multi-legal and multi-commodity complex businesses our clients manage. Technology remains a key pillar in our Trade business and 2018 saw the successful launch of a new Trade platform for Guarantees and LCs.
Payments and Cash Management
Our main purpose is to equip our clients with the right tools to execute payments and collections as seamlessly as possible, reconcile in real time, have visibility over liquidity positions and optimise cash positions in the most sophisticated way.
Our Global Liquidity Management solution offers best-in-class functionality including pooling, target balancing and, most importantly the ability to view account balances at both a group and sub-group level via our online banking platform, across multiple jurisdictions, currencies and financial institutions.
We focus on providing clients with payment choice, so that irrespective of complexity and structure of a business, our clients have access to a flexible range of payment channels. We’ve invested heavily in optimising our B2B (business-to-bank) connection, and our Online Banking Enterprise platform (OBETM) was awarded the position of top internet banking service in South Africa by Columinate once again.
Transactional Banking and Trade and Working Capital Finance in Africa
RMB in partnership with FNB, has a physical presence in 12 African countries including South Africa, Angola, Botswana, Ghana, Kenya, Lesotho, Mozambique, Namibia, Nigeria, Swaziland and Zambia. We have a deep understanding of the legislation, business practices and economic environment of the African markets and our Transactional Banking, Foreign Exchange and Trade and Working Capital solutions for corporate and institutional clients are continuously enriched as we partner our clients to achieve growth across the African continent and beyond.