Gemalto, the world leader in digital security, reinforces its Ezio range of online banking protection with the newly integrated transaction monitoring software – the Ezio Dynamic Fraud Manager. Gemalto is working with NCR, the global leader in consumer transactions technologies, to offer the Fractals intelligent fraud detection solution as part of the Ezio solution. It
Guaranty Trust Bank plc has released its unaudited financial results for the first quarter ended March 31, 2015 to the Nigerian and London Stock Exchanges. A review of the Q1 2015 results shows that the Bank continued on a strong growth trajectory, re-affirming its position as one of the most profitable and well managed financial
CRDB Bank picked the second winner of Toyota Passo in the ongoing campaign to sensitise customers to use alternative banking channels which are cost efficient and minimise risks of carrying bulk cash. Speaking at the giveaway event of the prize in Dar es Salaam, CRDB Bank Managing Director, Dr Charles Kimei, said the use of
A bank customer, Future Trading Company Limited, has sued Ecobank Tanzania Limited, demanding over 166m/- in refund and damages for alleged wrongful withdrawal of money from its account, which was subsequently diverted to a South African third party. Through EA Attorneys, the company accuses the bank of making the money transaction through electronic banking without
Tanzania Ports Authority (TPA) stakeholders want the Dar es Salaam port to operate as a one stop centre and banks serving port clients to operate on 24 hours and seven days a week to boost efficiency. The stakeholders who met in Dar es Salaam recently said their recommendations would help to clear backlog of customers
Bank M, the corporate and investment bank, has continued to shine after posting robust first quarter pre-tax profit increase of 48.4 per cent. The Bank M Deputy Chief Executive officer, Ms Jacqueline Woiso, said at the news conference that the bank generated a pretax profit of 6.13bn/- in the 2015 first quarter compared to 4.13bn/-
CRDB Bank has reported impressive financial results after posting 13.4 per cent net profit growth that reached 95.64bn/- for the quarter ended December 31, 2014, up from 84.37bn/- for the similar period a year earlier. The period under review, according to the audited financial statements published on Tuesday, saw other key bank’s variables like assets,
Simon Denny has been appointed Head of Investment Banking for Deutsche Bank South Africa. He will be based in Johannesburg and report locally to Peter Wharton-Hood, Chief Country Officer. Simon takes over as Head of Investment Banking succeeding Kevin Latter. Since joining Deutsche Bank in 2008, Simon has advised many South African blue chip corporate
The Bank of Tanzania has licensed China Commercial Bank (CCB), to operate in the country bringing to over fifty, the number of financial institutions in the country. According to the Central Bank, (BoT), the new bank has no banking affiliation with another bank in China or Tanzania. The BoT Director of Banking Supervision, Mr Agapiti
A Local bank by teachers, Mwalimu Commercial Bank is set to boost Dar es Salaam Stock Exchange (DSE) capitalisation to 25 per cent and transform capital market landscape in the country. The bank, currently in final preparations before taking off and expected to list at the DSE alternative market in June, is expected to double
