Standard Chartered has released its financial results for the full year and fourth quarter ending 31 December 2021. See link here. In the Africa and Middle East region, the Bank has recorded its highest Operating Profit since 2015. Performance Highlights: Broad-based growth and improvement in income and profits Income grew by 3.5 per cent to
Although already on a steep adoption curve, Covid has fast tracked many organisations’ digital payments strategies. QR codes in particular are finding favour amongst major South African banks. Capitec’s most recent peer2peer (P2P) account-based payment offering is the latest that Entersekt has helped roll out. And the company says the payment method is likely to
ACI Worldwide has announced a partnership with one of South Africa’s leading financial services providers, Nedbank, to drive its digital transformation journey including real-time payments. Nedbank is embarking on a wide-ranging modernization program, migrating all of its legacy systems to ACI’s award-winning ACI Enterprise Payments Platform, including the move to ISO20022, the global financial messaging
According to estimates from McKinsey, SMEs make up an enormous 98.5 percent of all businesses in South Africa. “As the engines powering our economic growth, the challenges as well as the triumphs within the sector reverberate across the entire economy,” says Zunaid Miya, Managing Director of local fintech company, Hello Pay. The health of the
The traditional banking model is not dead yet. But in the meantime, the payment ecosystem is opening up, and new business models based on embedded finance are taking shape. Celent, a leading industry research and advisory firm focused on technology for financial institutions, recently has conducted research to find out what embedded finance means for
MoData, a leading provider of innovative, intuitive and intelligent digital business solutions for the financial services, insurance, telcon and retail sectors, has announced a collaboration with Resistant AI to help financial services safeguard themselves and customers against fraud. Resistant AI uses artificial intelligence to help financial services companies combat fraud and financial crime. The partnership
Equity’s Brand Strength Index (BSI) of 90.8, is only 3.2 basis points away from the strongest banking brand in the world Equity has been assigned a Brand Strength Rating (BSR) of AAA+ on par with the strongest banking brand in the world The Bank is the only new entrant among the top 10 strongest banking
Standard Bank has emerged as the most valuable banking brand on the African continent for 2022 in Brand Finance’s annual ranking of the world’s Top 500 Banking Brands, after increasing its brand value by 26% to USD1.583 billion. This significant increase in brand value has seen Africa’s largest financial services organisation by assets jump 17
Years, and sometimes decades, of patchwork additions as new products and services were added have left many banks with a real tech headache. Now, as they struggle with the challenges of open banking and more recently the rise of embedded banking, traditional banks are increasingly turning to cloud-based Banking as a Service (BaaS) platform models
FNB now offers its customers the option of taking out a Retirement Annuity (RA) quicker and easier on the FNB Banking App without having to fill in lengthy forms. In less than three minutes, customers can get a retirement annuity digitally without paying financial advisor commissions or investment processing fees. The lower fees ensure that
