South African lender Standard Bank has collaborated with Motive Partners to drive growth.
The bank will use Motive Partners’ value creation engine Motive Labs.
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According to Motive Partners, Motive Labs will enable the bank to identify innovation opportunities while flagging challenges.
Motive Labs is also said to enhance the bank’s operational efficiency, enable it to update its model in line with evolving regulatory constraints and add value-services to its offering.
Besides, Standard Bank now becomes part of the Motive Labs’ Membership alliance.
The alliance already counts Allied Irish Bank, Bradesco, Emirates NBD, Mastercard and Royal Bank of Scotland as members.
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By GlobalDataMembers of the alliance aim to share best practices and have access to a network of experts to address common impediments and ramp up innovation.
Motive Labs CEO Alberto Corvo said: “It is an honour to partner with the continent’s leading financial institution and our team are extremely excited to begin working together on a number of identified opportunities. We could not have asked for a better partner in Africa.
“With over 30 countries now represented by partners in our ecosystem, we are intensely focused on delivery of new technologies.
“Our most recent innovation milestone will be announced soon and is something we and our partners are very proud of.”
