United Bank for Africa (UBA) Plc has introduced an innovative online banking solution called U-Social, which offers flexibility and convenience to customers who desire to do banking transactions on social media using their Facebook account. U-Social is designed to promote financial inclusion and to make the bank’s services available to customers regardless of the time
MasterCard announced a partnership with Steward Bank, Zimbabwe’s most innovative bank, which will make remittance services available to the bank’s more than 1.5 million account holders. For the first time, the bank’s customers will be able to receive funds sent by family and friends abroad directly into their Steward Bank accounts. This is through international
Sallie Mae Bank – the retail banking arm of Sallie Mae – announced it has been named a best online bank of 2015 by GOBankingRates, a leading personal finance site. “Sallie Mae consistently delivers customers high interest rates on deposit products, a necessity for savers in this low interest rate environment,” said Casey Bond, managing
ACI Worldwide, a leading global provider of electronic payment and banking solutions, announced the expansion of its relationship with PKO BP, the largest bank in Poland. ACI will support the bank’s ambitious growth plans in one of Europe’s most innovative and fastest-growing markets. The new agreement will see PKO utilize ACI’s UP Consumer Payments offerings
CfC Stanbic Bank has opened the first ever digital experience bank branch in the country. The branch, in Mombabsa’s Nyali Centre Mall, is set to radically alter the way customers take care of their financial needs and conduct their daily banking business. CfC Stanbic Bank’s focus is on enhancing the way Kenyans engage with their
Xoom Corporation, a leading digital money transfer provider, and Banco Agrícola, the largest bank in El Salvador, have collaborated to offer instant bank deposits to all Banco Agrícola accounts, as well as a cash pickup service. These new services allow Xoom customers to instantly send money directly into any Banco Agrícola account or have recipients
FNB’s cardless cash withdrawal has achieved its four year milestone with over R2 billion withdrawn since its launch in February 2011. The feature, added to the existing cellphone banking platform which launched in 2005, answers the need of customers who want to withdraw cash from an ATM but do not have a card present at
First Internet Bank, a premier provider of online banking services nationwide, announced it has been ranked among the Best Online Banks by GOBankingRates. Casey Bond, managing editor of GOBankingRates, noted, “A commitment to providing customers with competitive interest rates without sacrificing quality or convenience puts First Internet Bank in a top spot among our Best
GlobeOne, developer of a mobile-based financial platform designed to provide access to a holistic suite of banking services for the underserved and self-banked globally, announced it has joined the Center for Financial Services Innovation (CFSI), a network of financial institutions and innovators committed to improving consumer financial health. “We are excited to work with CFSI
The Central Bank of Nigeria (CBN) has ramped up its anti-electronic-fraud campaign with the implementation of a two-factor authentication requirement for deposit money banks. The initiative has been implemented in an effort to reduce the level of electronic fraud, a major component of which has been traced to increased insider abuse. The apex bank, in
