FNB Updates Banking App

The FNB Banking App has published its latest version to App stores and it is packed with new features, a new look and feel, account opening, personalised customer offers and inward SWIFT payments from abroad. The refreshed look and feel makes the App visually more appealing, and more importantly, even easier to use. The FNB

Equity Bank Hopes MVNO Launch Will Simplify Mobile Banking

Kenya’s Equity Bank hopes the launch of its mobile virtual network will remove confusion from the country’s mobile financial services sector, and aims to have all consumers using two SIM cards on their mobile. HumanIPO reported in April the Communications Authority of Kenya (CAK) issued mobile virtual network operator (MVNO) licences to three applicants, including

CBN to Roll Out Cash-Less Policy June 1, Postpones Withdrawal Charges in 30 States

Having successfully completed phase 1 and 2 of the cash-less policy in six pilot states and the Federal Capital Territory, the Management of the Central Bank of Nigeria has announced that phase 3 of the policy’s implementation will commence as scheduled on July 1 2014, in the remaining 30 states. As was the case in

The University of Nairobi and Barclays launch new product

The University of Nairobi (UoN) and Barclays Bank of Kenya (BBK) have launched Host-To-Host, an automated seamless cash management system which will serve students and other stakeholders by improving payment processes in the University. While launching the programme at the University of Nairobi, BBK Managing Director, Jeremy Awori said that this was the first collaboration

Deputy Minister Tells Women to Utilise Banks

The Deputy Minister for Community Development, Gender and Children, Dr Pindi Chana has urged women to utilise services of commercial banks to lift their standards of living. Speaking during the opening of Tanzania Women Bank (TWB) branch at Makambako over the weekend, Dr Chana said women in the area should seize that opportunity and make

Nigerian Banks Lost $246m to Cybercrime in 2013 – CBN

The Central Bank of Nigeria (CBN) has announced that last year alone banks in Nigeria lost about US$246 million to cybercrime. Taiwo Longe, the CBN’s chief information security officer, said this while speaking at the National Cyber Security Forum (NCSF 2014) organised by the Office of the National Security Adviser (ONSA) in Lagos. Longe said

Compass Plus Enables Registration of Not-On-Us Cards in TranzWare Internet Banking

Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that the functionality of its TranzWare Internet Banking product has been extended to provide the registration of cards issued by other financial institutions (not-on-us cards), and therefore, offering Internet banking users an easier way to manage

Emefiele Reorganizes CBN, Reshuffles Deputy Governors

In line with his vision of entrenching a more professional and people-focused central bank, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has approved the redeployment of Deputy Governors in the Bank. With the new changes, Alhaji Suleiman Barau, Deputy Governor, Corporate Services Directorate is now the Deputy Governor, Operations Directorate.

Equity Group Foundation Financial Literacy Training Programme Celebrates First Graduates

More than 100 Marsabit County residents in the far flung Loiyangalani region have graduated from a customized financial literacy training programme delivered by the Equity Group Foundation. In keeping up with a growing demand for financial literacy in the region around Lake Turkana, this year’s Annual Lake Turkana Cultural Festival held at Loiyangalani culminated with

Barclays Launches Paperless Banking Service

Barclays Tanzania Limited has launched paperless banking product to its customers in move aimed to enhance the quality in delivery of its services. Speaking during the official launching ceremony in Dar es Salaam at the weekend, Barclays Retail Director, Mr Kumaran Pather, said that the service was designed to facilitate much ease in financial transactions.