National Bank of Kenya has launched an Islamic banking window as it seeks to expand its business portfolio into the retail and corporate segments. The window, called ‘National Amanah’, is targeted at retail, SME and corporate clients offering banking products and services in compliance with Islamic shariah. Though based on Shariah compliance the products and
Global Finance magazine, in their yearly exclusive survey, has just announced the World’s Best Emerging Markets Banks for 2013. Winners are assessed and selected by Global Finance editors, industry analysts, corporate executives and banking consultants. Decisions are based on growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products. Included in this report are the
One of the foremost Nigerian financial institutions, Guaranty Trust Bank plc has once again raised the service bar in Nigerian financial institutions with the recent unveiling of its ‘Social Banking’ service on Facebook. The new offering which is the first of its kind by any Nigerian bank allows the public to open GTBank accounts and
The management of UT Bank unveiled its new innovation in Banking dubbed, “UT Bank on Wheels” to its shareholders at the Bank’s 2013 Annual General meeting. The service which will be the first of its kind in the banking industry in Ghana is a mobile branch equipped with communications and technology systems to offer real
The next generation App is the first Banking App in South Africa that allows new and existing customers to open an account in real time, directly from the App. FNB has released a new Banking App customised for tablet devices, complimenting a much larger tablet device strategy for the Bank. From today, the App is available
Financial Services Group Absa Bank has launched its much-anticipated App as part of its strategic digital journey, which forms part of its ambition of becoming the Go-To bank in South Africa. The App builds on a strong foundation of infrastructure developments while leveraging shared global resources to deliver value to customers. The technological capability built
I&M Bank has announced a partnership with MasterCard that will see the introduction of the first ever MasterCard branded multi-currency Prepaid travel cards in Sub-Saharan Africa. The I&M MasterCard multi-currency Prepaid cards will enable cardholders to carry three currencies, namely: U.S. Dollars, Sterling Pounds and Euros on a single card, while at the same time
FNB has launched a service for FNB customers in SA to send money to residents in Zimbabwe using its Cellphone Banking channel. “FNB’s Zimbabwe Money Transfer service is more convenient and economical than anything else offered in the market,” says Yolande van Wyk, Head of Digital and Alternative Banking for FNB Africa. Recently, research data
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