FNB says its branches are playing a pivotal role in introducing customers to digital banking channels in order to bank in a convenient and affordable manner. The bank revealed that over the last year, its branches recorded the highest number of customers that migrated to the FNB Banking App, Online Banking and Cellphone banking for
The 2017 African Financial Retail Readiness (AFRRI) Report looks at the relationship between technology and financial retail services in Africa. Produced by Calleo, a South African based marketing consultancy, in consultation with iVeri Payment Technologies, a leading global payment solution provider, the report gives a thorough analysis of the key metrics that are required for
This is the question posed by the African Financial Retail Readiness Index 2017 (AFRRI). The second annual AFRRI report looks at eight countries from Sub-Saharan Africa, comparing various metrics to determine the maturity of the current financial retail services in each country, and highlighting areas of opportunity for formal retail banking. Produced by Calleo, a
SASSA has successfully paid over 2 million beneficiaries who receive their grants from commercial banks. This was done today through their Paymaster General account which was opened recently. This move is a giant step taken towards SASSA ultimately paying all beneficiaries using any type of electronic payment method. It is part of fully complying with
The Governor of the Central Bank of Kenya, Dr. Patrick Njoroge, has been recognised as the Central Banker of the Year, Africa by the prestigious The Banker Magazine, a publication of the Financial Times group. The Banker’s Central Banker of the Year 2018 awards celebrate the officials that have best managed to stimulate growth and
Barclays Africa Group Limited (BAGL) has signed a 2-year agreement to provide financial support to the Frontclear Technical Assistance Programme (FTAP) through the latter’s Partnership Facility. The contribution reflects the bank’s commitment to building inclusive, stable and liquid interbank market development through providing training, regulatory support and essential market infrastructure. The programme will be rolled-out
The Central Bank of Somalia (CBS) and Somali Financial Institutions (SFIs) are taking crucial steps to modernize national payments systems. Supported by the World Bank, the CBS and private financial institutions are streamlining their efforts to strengthen the inter-bank payment, clearing and settlement systems in Somalia. This development follows a five-day consultative forum held in
Bank Zero, a new app-driven bank, has been granted a provisional licence after a rigorous in-depth evaluation process by the South African Reserve Bank. The 45% black-owned bank is set to launch in the fourth quarter of 2018. Bank Zero will make use of a mutual bank licence. The mutual banking concept mirrors current social
NCR Corporation, a global leader in omni-channel solutions, has announced that Union Bank of the Philippines (UnionBank), one of the country’s leading banks, will unveil its prototype branch under the bank’s digital transformation strategy. Located at the Insular Building along Ayala Avenue corner Paseo de Roxas Avenue in Makati City – the branch is powered
Deutsche Bank has announced the appointment of Andreas Voss as Head of Trade Finance for Financial Institutions (TFFI) in Sub-Saharan Africa, in addition to his current role as Head of Global Transaction Banking West Africa and Chief Representative of Deutsche Bank AG’s Lagos Representative Office. Voss will be responsible for driving the development and execution
