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
The World Economic Forum (WEF) has named Capitec Bank as one of Africa’s 16 most dynamic Global Growth Companies (GGCs). Capitec Bank, South Africa’s leading retail bank for individuals, was the only bank in South Africa to make the list, which includes just 6 South African companies from various sectors. Commenting on the World Economic
Equity Bank has unveiled its Mobile Virtual Network Operator (MVNO) strategy and rollout plan that is set to launch in July 2014. Equity Bank has hailed their MVNO as the ‘next big thing’: Equity 3.0. The Equity MVNO accords Equity Bank the opportunity to continue its mission of furthering financial inclusion and innovative service offerings
Standard Bank Group is seeing a continuation of demand for its services from international commodity traders and rapidly expanding regional and local businesses in Africa. This follows the withdrawal of several global lenders from the continent in the wake of the global financial crisis. The pull-back forced on global banks by the global economic slowdown,
