Absa Signs Mozambique Cooperation Agreement with Sumitomo Mitsui Banking Corporation

Posted on by wademinnie | 16485 Views | 6 min read

Absa Bank, a wholly-owned subsidiary of JSE-listed Barclays Africa Group, welcomes the announcement by the president of Sumitomo Mitsui Banking Corporation (SMBC), Mr.Takeshi Kunibe, that will result in further business cooperation between the two banks. The latest cooperation agreement signed on 12 January 2014 in Maputo, Mozambique, focuses on the development of Mozambique’s natural resources,

TCI Presents: The Core Banking Solutions Conference: 2014

Posted on by wademinnie | 5837 Views | 6 min read

Consistent competitive pressures are forcing banks to look at new ways of gaining competitive advantage, often in the form of spending more finances and time in making sure their core banking systems are immaculate. Hence the need to gain better decision making skills to ensure resources are spent effectively in upgrading core banking systems. The

Nedbank Chooses INETCO Insight for Payment Platform Transaction Monitoring

Posted on by wademinnie | 12663 Views | 12 min read

INETCO Systems Limited, a provider of transaction monitoring and analytics software, announced that Nedbank, one of South Africa’s largest banks, has licensed the INETCO Insight business transaction management (BTM) solution. Having grown by over two million individual and small business clients over the last two years, Nedbank chose INETCO Insight to improve the bank’s operational

Mobile Banking Offers Access to Informal Sector in Tanzania

Posted on by wademinnie | 10325 Views | 10 min read

Over 8 million people in Tanzania who fall in the informal sector now have the opportunity to access banking services, thanks to the launching of a new banking service which utilises mobile phones. Speaking at a brief ceremony, Covenant Bank Executive Director, Ms Sabetha Mwambenja said that the launching comes at a time the government

Nedbank Taps into IBM Analytics to Improve Customer Experience by Leveraging Social Insights

Posted on by wademinnie | 14421 Views | 7 min read

IBM has announced that Nedbank Limited, a leading financial services provider throughout Southern Africa, is using IBM’s predictive analytics solutions to improve the customer experience and provide more responsive real-time services. As a result of this technology implementation, the bank has reduced social media monitoring costs by over a million rand a year (US$105,000 per

The Bank of Mauritius Cautions Against Skimmed/Cloned Cards

Posted on by wademinnie | 10992 Views | 7 min read

It has come to the knowledge of the Bank of Mauritius that skimmed/cloned cards are in circulation and fraudsters are trying to use them on banks’ ATMs. Card skimming is the illegal copying of information from the magnetic strip of a credit or ATM card. This involves stealing information off a credit card during a

Bank of China Releases Mobile Payment APP

Posted on by wademinnie | 6830 Views | 4 min read

Bank of China has recently launched the “BOC Mobile Payment” APP. After installing this APP in mobile phones or PADs, users can easily complete mobile shopping and payment at any place any time. The “BOC Mobile Payment” APP integrates multiple mobile payment products including BOC swift payment, payment via mobile banking, and payment by agreement,

Utilise Banking Services, Tanzania’s Kagera Farmers Urged

Posted on by wademinnie | 10533 Views | 7 min read

The Acting Registrar of Cooperatives in the country, Dr Audax Rutabanzibwa, has commended farmers in the region for establishing the Kagera Farmers’ Cooperative Bank (KFCB), urging them to utilise its services effectively. He noted that the KFCB was exemplary and had made big strides during eleven years of existence, urging shareholders to increase their shares

Global Fraud Trends in Wholesale and Commercial Banking

Posted on by wademinnie | 4319 Views | 12 min read

When it comes to wire and automated clearinghouse (ACH) fraud, global financial executives agree that the biggest negative impact is reputational damage. Regionally, North American financial executives are experiencing less fraud than their global counterparts, according to a recent survey from electronic payment and banking systems leader ACI Worldwide, which examines global fraud trends in

Royal Bank of Scotland Chooses NCR to Deliver 2000 SelfServ ATMs in UK

Posted on by wademinnie | 5962 Views | 12 min read

NCR Corporation a provider of consumer transaction technologies, announced that it is helping the Royal Bank of Scotland (RBS) deliver convenient banking services for its customers. This approach is underpinned by a significant investment by RBS between 2013 and 2016. NCR teams, especially those in NCR’s Dundee Centre of Excellence, are helping achieve this by