First Capital Bank Limited Releases June 2023 Interim Results Profiling Sustainable Growth in its Operations

Posted on by Staff Reporter | 14157 Views | 11 min read

First Capital Bank, a subsidiary of FMBcapital Holdings Plc (FMBCH), has released their 2023 interim results which reflect sustainable growth within their business operations. The Bank’s performance shows their agility, in the face of a challenging macroeconomic environment, supported by a sustainable banking model that continues to create shareholder value. The Bank posted an adjusted

SA’s Payments Gold Mine: The Alchemy of Data Into Growth

Posted on by Staff Reporter | 93264 Views | 23 min read

The African payments industry, by furnishing diverse, robust and user-friendly platforms, is catalysing entrepreneurship and financial independence, while also enhancing income for entrepreneurs. Over the past five years, mobile payments have seen tremendous growth in South Africa. As of 2023, the South African mobile payments market is estimated to be worth $25 billion, with a

Safaricom Inks Deal with a Consortium of Kenyan Banks to Fund Sustainability Agenda

Posted on by Staff Reporter | 23447 Views | 10 min read

Safaricom has announced the closure of a multi-billion Sustainability Linked Loan (SLL) to strengthen its Environmental, Social and Governance (ESG) agenda. The KES 15 billion deal, which is upscalable to KES 20 billion by accordion, is the largest ESG linked loan facility ever undertaken in East Africa, and the first of its kind for Safaricom

FutureBank and IDVerse Partner to Fight Cybercrime

Posted on by Staff Reporter | 13455 Views | 11 min read

The customisable and compliant embedded finance platform, FutureBank, has partnered with world-leading digital ID verification company IDVerse (previously known as OCR Labs Global) to further its digital transformation and accelerate customer onboarding through swift and secure digital identity verification (IDV). Through this partnership, new FutureBank customers can access the IDVerse software as part of its

Swift Unlocks Potential of Tokenisation with Successful Blockchain Experiments

Posted on by Staff Reporter | 13445 Views | 27 min read

Swift today released results from a new series of experiments that show its infrastructure can seamlessly facilitate the transfer of tokenised value across multiple public and private blockchains. The findings have potential to remove significant friction slowing the growth of tokenised asset markets and enable them to scale globally as they mature. While tokenisation is

Trustco Bank Namibia Suspension

Posted on by Staff Reporter | 8521 Views | 4 min read

On 18 August 2023, the Bank of Namibia, in accordance with Section 15(5) of the Banking Institutions Act, 2023 (Act No. 13 of 2023), after consultation with the Minister of Finance and Public Enterprises, resolved to suspend the authorisation of Trustco Bank Namibia (Trustco Bank) to operate as a banking institution with immediate effect. The

Standard Bank and ICBC Celebrate 15-year Partnership, Sign 5-Year Renewal to Drive Africa China Trade

Posted on by Staff Reporter | 11996 Views | 15 min read

Africa’s largest bank by assets, Standard Bank, and one of the world’s leading banks, the Industrial and Commercial Bank of China (ICBC) have renewed their strategic cooperation partnership for another five years. The partner institutions continue to lead the Africa-China trade and investment markets, jointly providing unequalled expertise and capabilities to individuals and businesses trading

A Record 1,490 Fintech’s Entered the Ecobank Fintech Challenge 2023 with Eight (8) Reaching the Final

Posted on by Staff Reporter | 11452 Views | 17 min read

Over 1,400 Fintech startups from 64 countries across Africa and beyond applied for this year’s Ecobank Fintech Challenge with eight of them making the cut to the final where they will compete for the ultimate prize. This is the sixth edition of this international competition, with the highest number of applications on record. Ecobank Group,

Swift’s Cross-Border Payments Processing Speed Surpasses G20 Target

Posted on by Staff Reporter | 18281 Views | 12 min read

Swift today announced strong progress toward goals set by the G20 for enhancing cross-border payments, reporting that 89% of transactions processed on its network reach recipient banks within an hour. That’s already well ahead of speed targets set by the Financial Stability Board to achieve one-hour processing for 75% of international payments by 2027. The

FSS Launches Future-Ready Payments Technology Platform BLAZE for Banks

Posted on by Staff Reporter | 12633 Views | 10 min read

Financial Software & Systems Pvt Ltd (FSS), a globally leading provider of payments technology solutions has announced the launch of ‘BLAZE’, an advanced payments technology platform, designed to meet the diverse needs of banks and financial institutions. Using BLAZE architecture, for instance, the FSS Payment Gateway can process more than 5000 transactions per second. BLAZE