A new bank, China Commercial Bank, has been granted a provisional banking license to operate in the country. According to the Bank of Tanzania , the new bank has no banking affiliation with another bank in China or Tanzania. The BoT Governor, Prof. Beno Ndullu said the CCB has been formed by Chinese and Tanzanian
SkyVision Global Networks Ltd, a leading global communications provider, announced the successful implementation of the first phase of its project with the Bank of Africa Burkina Faso, the country’s second largest financial institution. The project included implementing a full communications solution through the SkyVision VPN service, connecting BoA headquarters in Ouagadougou to its branch offices
Ghana’s Fidelity Bank has signed a five year deal with IBM for the management of all the bank’s technology infrastructure and services, as the bank seeks higher efficiency to support its growth plans for new markets, services and products. Fidelity Bank said the aim of the deal – which was announced today at the US
Barclays Bank Tanzania has launched service guarantee product, an initiative geared to improve customers’ experience at the bank in the country. Speaking at the launch in Dar es Salaam, Barclays Head of Products, Segments and Retail Strategy & Acting Retail Director, Mr Musa Kitoi, said with the service guarantee initiative, the bank commits to provide
Kofax Limited , a leading provider of smart process applications for the business critical First Mile of customer interactions, today announced that a large Australian bank has chosen Kofax software to automate the processing of mortgage applications and ancillary documents, and to redact credit card numbers from bank statements to meet Payment Card Industry Data
Presence of Habib Mohamed D. Habib as board member of London based Habib Bank Limited and Dar es Salaam based Habib African Bank Limited, has no legal problem. Bank of Tanzania Governor, Professor Benno Ndulu said Mr Habib who is board chairman of the local bank and director of the London based bank in which
Barclays Africa is on track to meet growth commitments, achieves strong financial momentum. Barclays Africa Group Limited released its interim results on 30 June. The Group is on track to deliver on the ambitious targets laid out at its annual results in February. Financial results for the six months ended 30 June 2014 reflect a
Cyprus’s central bank has suspended efforts to find a buyer for branches of a Tanzania-based bank, pending the outcome of legal action seeking to block the sale, it said on Saturday. Cypriot regulators seized control of two branches of the FBME bank in July, after a department of the U.S. Treasury alleged the bank engaged
Forte Oil plc, Nigeria’s foremost petroleum products retailer announced its partnership with Guaranty Trust Bank Plc, through the launch of “GTExpress”; a comprehensive Agent Banking Service at its locations nationwide. This is a part of GTB’s efforts at bringing banking services to the door step of its existing and potential customers. GTExpress is banking via
Javelin Strategy & Research’s semiannual benchmarking study, Outperform, has revealed that Bank of America, Chase, Citibank, and Wells Fargo are digital banking leaders among the top 20 retail banks. But more surprising is that regional providers — SunTrust and Regions Bank — scored top customer-satisfaction positions alongside the giant banks. Javelin also found that digital-first
