The new Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has formally assumed office at the Headquarters of the Bank in Abuja, making him the 10th indigenous Governor in the history of the apex bank. Mr. Emerfele, who was cleared by the Senate on Wednesday, March 26, 2014 arrived at the CBN
The explosive growth of apps is causing significant challenges for the banking industry, according to Gartner, Inc. Banking CIOs, CMOs and line of business (LOB) heads face two key challenges. The first is that the visibility of customer banking apps in public stores is decreasing due to the total number of apps available; the second
Capitec Bank, South Africa’s fastest growing retail bank for individuals, announced at its AGM that the bank will launch a home loan offering in answer to market demand. Capitec Bank has concluded a co-operation agreement with SA Home Loans to pilot the introduction of home loans throughout branches in Gauteng for a period and thereafter
U.S. Bank was cited as one of two banks that received the top scores for Forrester Research, Inc’s 2014 Mobile Banking Functionality Benchmark. As part of Forrester’s May 2014 report entitled “2014 U.S. Mobile Banking Functionality Benchmark,” five of the largest banks in the country were evaluated and scored on more than 35 criteria. U.S.
The East Africa Bank Award for 2014 that was dominated by Kenyan banks seems to have been taken lightly in Tanzania and therefore may not give a true picture of banks performance in the country, according to the organiser of the award. The Chief Executive Officer of the Think Business Limited which organised a survey
TMB has been announced as the Best Bank in Central Africa at the prestigious African Banker Awards. The awards ceremony was held in Kigali, Rwanda, during the African Development Bank’s 50th anniversary Annual Meetings. The awards ceremony was attended by numerous ministers of finance, central bank governors and bank CEOs. Mr. Yannick Mbiya Ngandu, member
NCR Corporation, has introduced new, technology to help banks and credit unions transform their retail banking experience. NCR Interactive Banker unlocks a modern branch experience by eliminating velvet ropes, teller counters and vaults in smaller, more personal branches to better connect with customers. Interactive Banker includes two components. The first is an advanced financial services
Alizz Islamic Bank SAOG, Oman’s newest Islamic Bank, has announced that it has jointly won the ‘‘Best Branch Automation Project Award in the Middle East” along with NCR Corporation, the global leader in consumer transaction technologies. Alizz Islamic Bank won the award at The Asian Banker’s Middle East and Africa Country 2014 award ceremony, becoming
As part of Standard Bank’s Business Banking offering they offer access to an overdraft facility up to an agreed limit. Under the new Basel rules, banks are required to raise the quality and quantity of the regulatory capital base. In their statement Standard bank said: “As a bank, we are obliged to hold capital against
Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that Kenya Commercial Bank, has launched its in-house processing centre built on TranzWare products from Compass Plus. Kenya Commercial Bank set out to replace its entire retail banking system, previously built on separate solutions from different
