(Ecofin Agency) - In a release published on January 21, 2019, BMCE Bank of Africa announced the launch of its new subsidiary specialized in bank processing services.
Baptized Operations Global Services (OGS), this subsidiary covers all the sectors and businesses of bank processing services notably, credit and guarantees, electronic payments, transactions with foreign countries, savings accounts and bank insurance, securities handling, operational support and funds management.
“Managed by Younes Karkouri and installed at Bouskoura, the subsidiary is a platform specialised in the delivery of benchmark bank processing services on a global scale, meeting highest standards in terms of performance, expertise, technology and service quality aimed at playing a leadership role in the development of tech and business initiatives as well as bank processing activities for the whole group”, the group informed in the release.
With the launch of this subsidiary, BMCE Bank of Africa wants to “optimize operation costs, manage operational risks and improve the bank processing processes while supporting the bank’s digital evolution”.
In the long-term, OGS plans to offer its services to the group’s subsidiaries in Africa and in Europe.