Bank is the first in the region to launch Chat Banking via WhatsApp Emirates NBD customers can now chat bank via WhatsApp as the bank introduces customised services via the WhatsApp Business Solution, a first in the region. Enhancing the bank’s award-winning suite of digital capabilities, Emirates NBD Chat Banking via WhatsApp, supported by Infobip,
The country’s leading retail bank has once again ensured a solid set of financial year end results, driven by its simplified and transparent banking solution delivered through innovative technologies. The bank’s offer, built on its commitment to making banking affordable, easy to access and delivered through a personalised experience, continues to resonate with clients. Their
The Prudential Authority (PA) has imposed administrative sanctions on Bidvest Bank Limited (Bidvest Bank) for non-compliance with the provisions of the Financial Intelligence Centre Act 38 of 2001, as amended (FIC Act). The FIC Act mandates the PA, in terms of section 45, to supervise and enforce compliance with the provisions of the FIC Act
At the recent Blockchain Africa conference in Johannesburg, Investec, in collaboration with BankservAfrica and uPort, demonstrated a digital identity system anchored in the Ethereum blockchain. The initiative was born in the digital identity working group of the SA Financial Blockchain Consortium (SAFBC). The identity system enabled each conference attendee to create an individual identity by
Finn AI, the world’s leading AI-powered conversational banking technology provider, announces that TymeBank in South Africa has launched Max, a financial fitness coach within their TymeCoach offering. TymeBank partnered with Finn AI to develop Max, a conversational assistant dedicated to helping consumers learn about their money including how they can enhance their financial profile, improve
Bank Zero has officially implemented its powerful EFT payments capabilities and started full end-to-end Beta testing ahead of the bank’s launch in the second half of 2019. Bank Zero is now processing payments and debit orders efficiently and securely, as well as facilitating purchases of prepaid items such as data, airtime and electricity. Bank Zero’s
United Bank for Africa, Kenya has announced its results for the period ending December 31, 2018 registering a 185% growth in Profit After Tax, overcoming a challenging macroeconomic and business environment. The profit after tax increased from KES 18.6 Million in the full year ending December 31,2017 to KES 53.1 Million for the full year
With 2019 now in full swing, Renovite Technologies’ Issa Keshek, regional manager for Africa, considers banking innovation and what we can expect in the year ahead. Innovation and transformation will be key themes in the African banking sector as we continue to move through 2019. Many of those who previously lacked access to financial services
The National Savings Bank (NatSave) and Mastercard have signed a strategic partnership agreement, which will see the bank rollout Mastercard Chip and PIN prepaid and debit cards to provide its customers with a safer and more convenient alternative to transacting with cash. This is in line with the government’s goal of creating an inclusive and
Discover Financial Services, a leading U.S. direct bank and credit card issuer, and ZestFinance, a leader in artificial intelligence (AI) software for underwriting, has announced a partnership to create one of the largest AI-based credit scoring solutions in the financial services industry. Discover will be using the Zest Automated Machine Learning (ZAML) platform to improve
