Firstbank wins Best Bank in Nigeria and Best Bank in Digital Transformation Nigeria 2022

Posted on by Staff Reporter | 10374 Views | 9 min read

Nigeria’s premier banking institution and leading financial services inclusion services provider, First Bank of Nigeria Limited has won two awards: Best Bank in Nigeria 2022 and Best Banking Digital Transformation Nigeria at the International Investor Awards 2022, a print and online publication that provides insights, news and visual informative pieces with topics ranging from world

Standard Chartered Bank Reports a Record First Quarter Performance in the Africa, Middle East region

Posted on by Staff Reporter | 9464 Views | 9 min read

Income grew 11 per cent on a constant currency basis Standard Chartered (www.SC.com) PLC (the Group) has released its financial results for the first quarter, ending 31 March, 2022. The Group delivered a strong performance in the first quarter of 2022 in volatile and challenging market conditions, with underlying profit before tax increasing 5 per

Divestiture of Standard Chartered Bank Group’s Interest in Zimbabwe

Posted on by Staff Reporter | 10600 Views | 2 min read

The Reserve Bank of Zimbabwe (the Bank) wishes to advise the public that, Standard Chartered Bank Zimbabwe Limited has formally advised that the Standard Chartered Bank Group has made a decision to divest of its business interest in Zimbabwe. Standard Chartered Bank Zimbabwe Limited has advised that the divestiture from some countries in the Middle

Suspension of Metbank Zimbabwe from Operating as an Authorised Dealer

Posted on by Staff Reporter | 9656 Views | 2 min read

The Reserve Bank of Zimbabwe (the Bank) wishes to advise the public that it has, with immediate effect, suspended Metbank Limited from operating as an authorised dealer pending full investigations for breach of Exchange Control regulations relating to trading in foreign currency. Metbank Limited will not be permitted to deal in foreign currency, that is

Stanbic IBTC Urges SMEs to Digitise Products and Services

Posted on by Staff Reporter | 9801 Views | 14 min read

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has urged small and medium size enterprises (SMEs) in Nigeria to digitise their products and services to drive business efficiency. The call was made during the 2022 Enterprise Banking webinar organised by Stanbic IBTC, Themed ‘Your Business, Our Business: Accelerating Business Growth’, the webinar featured

Digital Banking is Key to Reaching Previously Unbanked Markets

Posted on by Staff Reporter | 6532 Views | 16 min read

By Sumit Kumar Sharma, Enterprise Architect and Head of Advisory Services at In2IT Technologies Traditional bricks and mortar banks have been heavily disrupted by the emergence of digital banking in South Africa. These new entrants into the market have the advantage of being ‘born digital’, without the years of legacy that the big four banks

Abbey Mortgage Bank Appoints Mobolaji Adewumi as Acting Managing Director

Posted on by Staff Reporter | 8293 Views | 7 min read

In the wake of her 30th Anniversary, Abbey Mortgage Bank Plc announces the appointment of her MD/CEO Mr. Madu Hamman by President Muhammed Buhari, as the new MD of Federal Mortgage Bank, the apex Mortgage Bank in Nigeria. Mr. Madu Hamman has over 34 years of banking experience in Mortgage and Credit Analysis, Banking Operations,

Umba, a Digital Bank for Emerging Markets, Raises $2M Seed Funding to Expand Across Africa

Posted on by Staff Reporter | 9792 Views | 8 min read

Umba, a digital bank for emerging markets and aiming first at Africa, has secured a $2 million seed funding round from new investors including Lachy Groom, ex-Head of Issuing at Stripe; Ludlow Ventures; Frontline Ventures and Act Venture Capital. Currently operating in Kenya and Nigeria, Umba offers a digital financial service alternative to legacy African

The Central Bank of Kenya Welcomes the Launch of Mobile Money Merchant Interoperability

Posted on by Staff Reporter | 15796 Views | 6 min read

The Central Bank of Kenya (CBK) welcomes the launch, of mobile money merchant interoperability by three mobile money providers (networks); Airtel Networks Kenya Limited, Safaricom PLC, and Telkom Kenya Limited. This is an important step in the evolution of Kenya’s payment services, as it allows customers of these mobile money providers to make payments to

AURA and FNB Partner to keep Customers Safe

Posted on by Staff Reporter | 22010 Views | 15 min read

FNB banking customers can now access instant emergency response services, anywhere, anytime via the FNB banking app. Powered by South Africa’s leading security and medical response marketplace, AURA, the convenient in-app panic button, GuardMe, is available to all FNB customers who register for the service. The cutting-edge solution allows FNB customers to immediately request rapid