Technology is the driver in the banking industry – Mr. George Ofosuhene
Mr. George Ofosuhene, CEO of BOND Savings and Loans Ltd has likened the impact of technology in banking to a golf driver.
The golf driver when efficiently utilized, becomes a golfer’s ability to hit the ball straight, consistently, and a long way down the course.
Taking his turn at the Q&A Session of the GEC Connect Breakfast meeting at Holiday Inn, the CEO of BOND Savings and Loans Ltd explained that technology has taken over the stage in banking.
“It’s quite interesting for us, because we see the immense opportunities created through technology”. He emphasized
Mr. Ofosuhene also confided that the Ghanaian has become more discerning in banking activities and knows what is good for them.
Therefore, moving into the next ten years, according to him, begins the process of increasing and improving the way things are handled.
The basic principle, he observed, “is that we want customers to feel more comfortable and have the luxury or benefit of concentrating on what they enjoy”.
He further observed that, in banking just like golf, it requires the ability to take certain amount of risk. However, the important thing he said, “is to understand the ability to manage the risk, operate within the risk and to stay focus”. He emphasized
Mr. Ofosuhene also decried the recent crisis in the financial institution that has seen the folding up of some of the private banks in Ghana.
He however bemoaned the inclinations of some banks that are involved in businesses which have no relations to banking and these tendencies he noted may affect the capability of such banks.
BOND Savings and Loans Limited recently celebrated its 10th anniversary and continues to make amazing strides in the financial industry. The company is the main sponsor of the 2018 GEC Open Golf Ghana Tournament.