Case Study
AUTOFORM LN helps Standard Bank to switch to electronic statement delivery
AUTOFORM LN helps Standard Bank to switch to electronic statement delivery Standard Bank Mozambique is part of the largest African banking group with total assets of USD 183 billion, employing over 50,000 people and operating in 17 high growth markets in Africa and 16 emerging markets worldwide. As part of a company wide initiative, Standard Bank Mozambique took the decision to move away from their paper based system to a highly efficient and cost effective online banking solution with the help of AUTOFORM LN. The First Step - Switching off Paper Statements Standard Bank recognised that one of the most effective cost-cutting exercises would be to encourage customers to accept electronic, rather than printed and posted, statements. Hard copy statements cost hundreds of thousands of