The Banking Executive Magazine - August Issue 2022

CAC International Bank provide their customers an option to go paperless while contributing to environmental actions and organize all their finances online. The prod- ucts and services reflect a commit- ment towards the customers to always meet and exceed their expec- tations. The e-Banking service allows their esteemed customers to transact se- curely on the platform by offering them a triple security for all transac- tions if they so desire i.e.: Maker / Checker or Approver / Authorizer. The bank proactively upgrades its digital products on a regular basis to ensure a seamless experience for all of their users. During the COVID lockdown, the electronic products were highly appreciated by all cus- tomers and clients as it provided them with uninterrupted banking services. RECENT PROJECTS In early 2020, the bank launched a Commodity Financing Facility (CFF) wherein they facilitate financing to importers of various goods to Dji- bouti. This enables them to import beyond their normal capacity thereby enjoying economies of scale. Moreover, the implementation of an Online Payment Gateway for Dji- bouti Port Community Systems (DPCS), which the bank is an active participant, provides payment of port services online instead of having to physically move to a branch. These 2 services have allowed the branch located inside the Djibouti Interna- tional Free zone to effectively serve and guide customers in the business of trade while contributing in the economy of the East African region. In 2021, they launched a new and innovative payment method: CAC PAY BANKI, developed by their in- house IT Team. It is a QR based pay- ment service integrated into their already existing CAC Mobile appli- cation. This contactless payment method provides added safety to cus- ISSUE 164 AUGUST 2022 the BANKING EXECUTIVE 31