Banking customers who traditionally bank via branches are embracing in-branch digital banking channels, says First National Bank (FNB). The bank says its customers are increasingly using its spread of in-branch Digital Zones and free WiFi. Significantly, branch personnel are also able to help customers download the bank’s zero rated App to conduct most transactions they
Banking customers who traditionally bank via branches are embracing in-branch digital banking channels, says First National Bank (FNB). The bank says its customers are increasingly using its spread of in-branch Digital Zones and free WiFi. Significantly, branch personnel are also able to help customers download the bank’s zero rated App to conduct most transactions they
Mastercard has announced Standard Chartered Bank as the most recent major bank integrating the Mastercard Send service to broaden their cross-border payment services. Standard Chartered Bank joins a growing list of global financial institutions partnering with Mastercard to offer their customers a faster, more efficient and more cost-effective way to send money around the world.
According to the 2014–2016 Tanzania National Financial Inclusion Framework the level of formal financial access in the rural areas of Tanzania is 8.5% compared to 23% in the urban areas and totally excluded rural population is 60% compared to 45% in urban areas. The ninth edition of the Tanzania Economic Update highlighted the country’s extraordinary
The South African banking industry is aware that the findings of research conducted by the Cyber Intelligence Research Group and specifically the Cyber Exposure Index may cause unnecessary fear, uncertainty and doubt. Whilst research is an important component for the development of cybersecurity products and services, an organisation’s cyber risk exposure cannot be determined purely
ThisIsMe won top spot at the African Fintech Awards hosted at the Finance Indaba last week. The business tied with Easy Equities after two days of intense pitching battles and an extensive voting process that involved the public. ThisIsMe also claimed the Innovative Banking title, with its focus on fast FICA using multi-factor identity verification,
BankservAfrica is a key participant at this year’s global financial industry forum, Sibos, to not only take Africa payments systems learnings to a global community, but to also better understand how other developing economies are embracing digital transformation and modernisation in the payments industry. Hosted in Toronto, Canada from 16-18 October 2017, Sibos is the
BankservAfrica is a key participant at this year’s global financial industry forum, Sibos, to not only take Africa payments systems learnings to a global community, but to also better understand how other developing economies are embracing digital transformation and modernisation in the payments industry. Hosted in Toronto, Canada from 16-18 October 2017, Sibos is the
Central Bank of Kenya and Kenya Deposit Insurance Corporation have announced that they have received a non binding offer from SBM Holdings Limited with respect to Chase Bank (Kenya) Limited, as part of the EOI process announced on March 30, 2017. The non-binding offer includes the acquisition of certain assets and matched liabilities from CBLR. Whilst
The short term loan or micro-finance market landscape has changed quite dramatically over the past five to ten years due to some interesting influencing factors. These include stricter regulations relating to the affordability of loan applicants, consumers making more educated decisions when obtaining loans, and loan providers behaving more responsibly when they grant them, says
