KCB Bank Group has today made a key milestone in its technology-driven innovation targeting the unbanked population by launching a new product dubbed KCB M-Benki, the first in Kenya and the region. KCB M-Benki, will be accessed through the phone, and it allows any individual to easily open a bank account through the KCB Mobi
A little more than six months after the launch of its popular banking application for smartphones and tablet devices, financial services group Absa has added a first-to-market feature on its App with the ability to assign profile images for beneficiaries. The bank also revealed a number of unique and improved features to its App that
Bank of America announced the opening of a new generation of banking centers that provides customers with another convenient banking option. The first of these banking centers, known as “express,” opened in Manhattan on Aug. 26. Express banking centers offer a more flexible schedule than a full-service branch, while integrating more benefits of technology with
In order to improve and track the quality of service offered to customers, KCB are rolling out a queue management system in some of their branches. The bank has already launched the queue management system in sixteen branches across the country. Each transaction is tracked from the point of entry in the waiting area up
The official signing ceremony for a co-operation agreement between Ecobank Transnational Incorporated (“Ecobank”), the leading pan-African banking group, and the African Guarantee Fund (“AGF”) to promote and support small business across Sub-Saharan Africa occurred recently. Under the terms of this USD 50 million agreement, the two institutions will work together to unlock the potential of
Capitec Bank reported an increase in headline earnings of R271m to R971m, for the six months to end August 2013, up 39% compared to the same period a year ago. Headline earnings per share for the period was up 20% to 844 cents, as growth per share was diluted due to the rights issue in
Kaspersky Lab explains how to avoid banking Trojans The rise of online banking has given birth to a new form of cybercrime – the theft of payment information. Fraudsters keep developing new ways of bypassing protective systems for financial data. How does their malware steal your money? How can we protect ourselves against them? Is
Fiserv, Inc. a global provider of financial services technology solutions, announced the availability of Predictive ScoresSM, a new predictive modelling solution for customer behaviour. Predictive Scores leverages insights from multiple, complex data sets (so-called “Big Data”) to provide timely, actionable information that enhance the success of marketing and performance management strategies within financial institutions. Predictive
Guaranty Trust Bank plc; One of Nigeria’s leading Banks, has once again led the way by winning the ‘2013 Best Banking Group – Nigeria’ in the 2013 Annual World Finance Banking Awards. Outlining the rationale for GTBank winning the ‘2013 Best Banking Group – Nigeria award’, judges commented that the Bank scored high marks in
FreedomPay, the creator of the world’s most innovative commerce platform, joins Microsoft at SIBOS 2013 to introduce payments platform as a service. This cloud-based payments and incentives solution takes advantage of the FreedomPay Commerce Platform to deliver mobile payments, offers, digital wallet and commerce solutions with banking-grade security through an alliance with Microsoft. “Our banks
