SWIFT announces that it is to open its world-leading Know Your Customer platform, The KYC Registry, to corporates. In a first step, from Q4 2019, all 2,000 SWIFT-connected corporate groups will be able to join The KYC Registry, and use it to upload, maintain and share their KYC information with their banks. Enabling corporates to
Women entrepreneurs in Nigeria who desire affordable and convenient funding to boost their respective businesses, can now do so. This is because Women in Business at First City Monument Bank Limited (FCMB) are set to launch a proposition that offers zero-interest rate on loans to small and medium scale enterprises (SMEs). The development is in
The Group Chief Executive Officer of the Guaranty Trust Bank (GTBank) Plc, Mr. Segun Agbaje has said the bank is committed to building a strong robust banking platform to drive financial services and accommodate the effects of disruptive technology in Nigeria. Agbaje said this at the 2019 edition of the Social Media Week in Lagos
Kenya’s Safaricom, the telecommunication company that is driving the country’s financial inclusion through mobile money is bigger than most of the country’s banks. Investigation by Businessday revealed that some Nigerian banks worry that Africa’s largest economy may take after Kenya if Telcos are given the same opportunity but Access and Diamond bank, due to be
Setting a new tempo for brand expression, Mastercard debuts its sonic brand identity, a comprehensive sound architecture that signifies the latest advancement for the brand. Wherever consumers engage with Mastercard across the globe – be it physical, digital or voice environments – the distinct and memorable Mastercard melody will provide simple, seamless familiarity. The news
Powered by Kony DBX, CFG Bank’s Digital Banking App Provides a Unique Digital Experience to Meet Customers’ Modern Banking Needs Kony, Inc., a leading provider of digital banking solutions, and CFG Bank, an innovator in retail commercial banking in Morocco, has announced their collaboration on CFG Bank’s digital banking application. With customers expecting a simple
The Nigeria Army in conjunction with First Bank of Nigeria Limited on Tuesday launched “Agent Banking Scheme” for army personnel at the 20 Battalion Serti in Taraba. The Chief of Army Staff, Lt. Gen. Tukur Buratai explained that the aim of the scheme was to bring banking services closer to the barracks community especially the
First Bank of Nigeria Limited and Azuri Technologies, a leader in pay-as-you-go solar technology, has announced a unique partnership that will help deepen financial inclusion in Nigeria while bringing affordable, reliable and clean power to millions of Nigerians. Under the partnership, Azuri’s solar home TV product will be co-branded and co-marketed by FirstBank and Azuri.
Heritage Bank Limited, Nigeria’s most innovative banking service provider, has partnered with Vanguard Media to organise the 2019 edition of its economic discourse in a bid to achieve inclusive economic development in the country. The theme of the discourse is Human Capital Index versus Economic Growth, Nigeria’s policy options. The discourse was informed by the
SWIFT has published a standard for ‘Pay Later’ APIs in a key step toward enabling the rapid adoption of an innovative new consumer payment model. ‘Pay Later’ is an instant online payment facility which offers customers the ability to use traditional bank loan financing to pay for goods purchased online. By selecting Pay Later at
