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FNB’s Domestic Earnings Climb 8% on the Back of Good Topline Growth and Improved Efficiencies

The bank’s performance is pleasing when considering the muted levels of credit demand, low levels of business and consumer confidence and subdued economic growth in the reporting period. FNB lifted its Read More →

New South African Financial Sector Regulation Act is Signed into Law

The SARB welcomes the signing into law of the Financial Sector Regulation Act, 2017 by the President. This is the culmination of collaboration on financial sector reform by the SARB, Read More →

CBK Grants Authority to Société Générale of France to Open Representative Office in Kenya.

The Central Bank of Kenya (CBK) announces the granting of authority to Société Générale (SG) of France to open a Representative Office in Kenya. The authority was granted pursuant to Read More →

Interswitch To Hold Tech and Payment Conference, “Interswitch Connect”

Africa Focused digital payments and commerce company, Interswitch has announced its first 7 Solutions Fair/Engagement Platform tagged “Interswitch connect”. It is set to hold on the 14th & 15th of Read More →

How Banks Can Crowd-Source Fraud Management?

With an explosion of digital payment channels, transaction security enhancement has become indispensable for all entities in the payment process - issuers, acquirers, merchants, payment brands, mobile and digital commerce Read More →

SA Tech Startup SnapnSave Attracts R14m in Investment

Kalon Venture Partners, formerly Grotech, and Smollan Group SA both acquired a minority stake in South Africa’s fastest growing shopping community, SnapnSave. Kalon, a venture capital fund and Smollan Group, Read More →

Smarter Financial Crimes Demand Stronger Banking Security

The financial services industry is under increased threat from cybercriminals who use ingenious methods to attack institutions and consumers. Cybercriminals are employing ever more sophisticated means to intercept online transactions and Read More →

AfDB Signs Agreement Establishing Southern Africa Regional Development and Business Delivery Office

African Development Bank President Akinwumi Adesina and South African Minister of Finance, Malusi Gigaba, signed a Host Country Agreement on Friday, August 18, establishing the Bank’s Southern African Regional Development Read More →

Mobile Money Platform Alipay Enters South Africa

Chinese tourists in South Africa will have more opportunities to pay via smartphone as Alipay, the world’s largest online and mobile payment platform, operated by Ant Financial Services Group (“Ant Read More →

SWIFT’s Messaging Traffic Grows by 20.1% in East Africa

Data from SWIFT shows that FIN traffic growth in East Africa has outperformed the total growth of SWIFT globally. In the year to date, total message traffic volumes grew by Read More →

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