Absa Corporate and Investment Bank selects TCS BaNCS to reimagine its Custody Business

Posted on by Staff Reporter | 9653 Views | 11 min read

Tata Consultancy Services (TCS) announced that Absa Corporate and Investment Bank has selected TCS BaNCS™ Global Securities Platform to transform and modernise its investor services offerings and enrich customer experience across the trade and corporate actions lifecycle in South Africa. Absa Corporate and Investment Bank is a service leader in the African capital markets industry,

Equity Group reports First Half Performance that reflects Business Transformation, Recovery and Resilience

Posted on by Staff Reporter | 11782 Views | 51 min read

Growth of digital business with 99% of transactions happening outside the branch Growth of profit after tax, 36% Growth in Net loans to customers, 29% Growth in Net Interest Income, 28% Growth in Non-Funded Income 23% Growth in Total Assets, 19% Out of Kshs 171.4 billion Covid restructured loan book, Kshs 46.6 billion has been

Fierce Competition Continues in Dynamic Self-Checkout Market

Posted on by Staff Reporter | 11862 Views | 10 min read

2021 saw another record year of self-checkout shipments, with 200,000 units delivered worldwide Vibrant market sees new entrants Shipments of self-checkout units increased by 11% last year, according to Global EPOS and Self- Checkout 2022, a new study by strategic research and consulting firm RBR. Alongside sustained demand for self-checkout in the grocery sector, an

Absa Expands Digital Payment Options With Google Wallet™

Posted on by Staff Reporter | 18200 Views | 12 min read

Absa has expanded its digital payments universe with Google Wallet™, amid rapidly growing customer demand for convenient, innovative and secure digital payment options. “Following record increases in contactless card volumes last year, with debit and credit card usage surging by 231% and transaction volumes rising by 180%, customer demand for reliable contactless wallet payment and

Equity Bank Inks Deal with NALA to Enable Kenyans in UK and USA Send Money Back Home

Posted on by Staff Reporter | 16064 Views | 14 min read

The partnership will allow Kenyans living in the UK and US to send money directly from their banks, through the NALA app, instantly and at the most competitive rates to Equity Bank Kenya accounts and other mobile wallets Equity Bank Kenya has signed a partnership with NALA Payments Limited, a remittance payment processing platform licensed

Anchor, a Banking-As-A-Service Platform Joins Y Combinator’s Summer 2022 (S22) Batch, Announces the Launch of Public Beta

Posted on by Staff Reporter | 6820 Views | 18 min read

Anchor is launching its public beta API infrastructure to make it easier for African businesses to build, embed and launch financial products  Anchor (https://getAnchor.co/), a banking-as-a-service (BaaS) platform making it possible to seamlessly build financial products in Africa announces its public beta launch. The startup was also accepted into Y Combinator Summer 2022 Batch as

Global Retail Brand LC (Les Copains) Waikiki Joins the Tingg by Cellulant Digital Payment Ecosystem in Zambia

Posted on by Staff Reporter | 16340 Views | 15 min read

LC Waikiki customers will now be able to make payments seamlessly via mobile money in all their branches in Zambia  Cellulant (www.Cellulant.io) Zambia has signed a partnership agreement with leading fashion retailer LC Waikiki, which will enable customers to make payments from all LC Waikiki stores across Zambia through the Tingg digital payment platform. As

SBV Services (PTY) Limited Business Review 2021 – 2022

Posted on by Staff Reporter | 8272 Views | 3 min read

We continue to strengthen our position as the trusted partner to the banks and the central banks, a provider of essential cash services to the countries that we serve, and as a leader in risk management. As we continue this journey, we can proudly attest to the closing of another successful financial year ending June

25-Year Financial Services Industry Expert John Durrant Named President of FIS Banking Solutions Group

Posted on by Staff Reporter | 10536 Views | 9 min read

Key facts: John Durrant assumes role of FIS Banking Solutions President on Sept.1. Durrant succeeds Martin Boyd who has announced plans to retire from FIS. Boyd, who joined FIS in 2015 through the acquisition of SunGard, will remain with the company until the end of the year to ensure a smooth transition. Financial technology leader

Absa Group 2022 Interim Earnings Increase 27%, Demonstrating Continued Strong Recovery

Posted on by Staff Reporter | 6811 Views | 22 min read

*Salient points Revenue increased 14% to R46.9billion Operating costs rose 7% to R24.1 billion Cost-to-income ratio decreased to 51.4% from 54.9% Pre-provision profit increased 23% to R22.8 billion Impairments increased 10% to R5.2 billion Headline earnings per share increased 27% to 1298.5 cents from 1019.7 Return on equity improved to 17.7% from 15.3% Group CET