Online marketplace gives corporates access to digital solutions

A digital solutions marketplace platform that offers both Web applications and application programming interfaces (APIs) has been launched.

The OneHub platform from Standard Bank is described as an online mall for digital solutions, designed to help corporate clients to enhance efficiencies and streamline business processes.

“OneHub is a single point of entry for Standard Bank’s corporate clients and partner organisations to connect and interact,” says Standard Bank head of platform businesses Jonathan Lamb. “The platform allows clients to discover and procure digital tools and services developed by the bank and its trusted network of partners.”

The platform allows clients to access solutions from Standard Bank’s technology partners and new capabilities can be co-created with developers to address specific client needs. The ecosystem aims to give clients access to an expanding range of service providers and capabilities, as it grows. One of the solutions already on the platform is aimed at making the account-opening and Know Your Customer, or KYC, review process entirely digital and more efficient for businesses.

The OneDeveloper solution offers the capability for APIs to be discovered and securely accessed to build new solutions to complex business-to-business problems. “By assisting corporates with their digital transformations, OneHub is aligned to Standard Bank’s strategy to develop ecosystems of partner organisations in order to satisfy a range of client needs, including non-financial needs. Over time, our ambition is for OneHub to become the go-to platform for business-to-business solutions and APIs on the continent,” Lamb says.

Rather than being a ‘shop’ for financial services, Standard Bank Group is positioning itself as a ‘mall’ owner. In this model, the group will increasingly provide its own products and services through its shop, while its partners will distribute their offerings though their outlets in the mall.

The group affirms that it is transforming itself into a client-centred platform business that delivers an expanded range of individualised, instantly available solutions and opportunities to its customers, often in collaboration with partner organisations that participate in its ecosystems.