The National Microfinance Bank (NMB) says its net profit has slowed down as the result of reviewing lending procedures to maintain low defaulting ratio, as opposed to claims that the strategy was part of competition. NMB, the biggest bank in term of profitability, said despite a profit slowdown of 0.5 per cent to 38.36bn/- during
The banking sector has been advised to promote the culture of saving as experts believe that “poverty stops once savings starts”. The experts are urging that banks, especially those offering retail and savings services, should make more efforts to bring the unbanked to the financial services since domestic savings are vital for people’s development. The
The National Microfinance Bank (NMB) said it plans to enhance financial inclusion using mobile phone technology blended with internet services. Though, some quarters see mobile transaction as cashin-cash out, the bank want to reverse the phenomenal and create a cashless society where almost all payments are done through mobile handsets. The NMB Managing Director, Ms
Fiserv, Inc., a leading global provider of financial services technology solutions, announced that Bank of the West has launched a redesigned online banking service built on the Corillian Online platform from Fiserv. The enhanced service for personal and business customers features a clean, intuitive design that puts money movement and management capabilities front and center.
The Ecobank Group was named African Retail Bank of the Year at the Global Retail Banking Awards ceremony in London. The Ecobank Group won the award over four other finalists, CRDB Tanzania, FirstRand (South Africa), Standard Bank South Africa and United Bank of Africa. Retail Banker International sponsors the award. It provides in-depth analysis for the retail-banking sector.
NCR Corporation , the global leader in consumer transaction technologies, announced that National Bank of Ras Al-Khaimah (“RAKBANK”) – one of the leading banks in the UAE – is transforming its banking services by turning to NCR for a host of services, security software and other technologies to enhance its current ATM security environment and
Tanzania Postal Bank (TPB) will bring some 25 banks worldwide to the country to discuss ways of increasing financial inclusion in Africa, where Tanzania is lagging behind. The country’s financial penetration, excluding mobile banking, is still 14 per cent way behind 23 per cent of the recommended rate for Sub-Sahara Africa. The TBP Chief Executive
ICICI Bank, India’s largest private sector bank, announced the launch of voice recognition service which authenticates customers based on their speech patterns and allows them to execute banking transactions through the Bank’s call centre in a quick, secure and convenient manner. The-first-of-its kind service by a Bank in the country, it is available to over
FNB has taken the top spot in the Columinate Internet Banking SITEisfaction Survey, which measures internet banking quality and user experience in South Africa. At an overall score of 75 points FNB emerged as the best online banking platform in 2015. Dione Sankar, Head of FNB Online Banking, says, “Our core focus has always been
ACI Worldwide, a leading global provider of electronic payment and banking solutions, announced that North American Savings Bank (NASB), a leading Missouri-based financial institution, has selected the company to power its online banking, mobile banking and bill pay initiatives. With more than $1 billion in assets, nine full-service branches and additional residential and construction loan
