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
The appointment of Sugendhree Reddy as Access Bank SA’s new CEO bodes well for the bank at the start of a new year after a successful launch in South Africa last year. With her 20-plus years of experience in the financial services sector, we extend a warm welcome to Ms Reddy and look forward to
Stanbic IBTC Bank PLC, a member of Standard Bank Group, has opened a new branch in the Lekki Free Trade Zone (LFTZ), Ibeju-Lekki axis of Lagos State. The new branch will serve the banking and pension needs of the financial institution’s current and prospective clients along the LFTZ corridor and environs. Demola Sogunle, Chief Executive
Through its popular UCount Rewards programme, Standard Bank managed to put money back into the pockets of its customers over the 2021 year-end spending period, helping to stretch the holiday budgets of millions of South African consumers amid a challenging economic environment. Fayelizabeth Foster, Head of Loyalty and Rewards at Standard Bank South Africa, says
Over a hundred years since banks came into Nigeria, services rendered to small and medium scale businesses were limited to core banking services and transactions. However, those that cared to look further were able to stand the test of time, reinventing themselves with cutting edge financial services that remain key to sustaining its relevance to
As customer demand for richer engagement with brands continues to grow, it is becoming crucially important for banks to be where their customers are, ensuring that they are more accessible, diligent and responsive to ever-evolving customer needs. The increasing customer shift to online banking has spurred the need for banks to digitally transform and remain
As the world emerges from a pandemic which has seen both market dynamics and consumer behaviours change, CR2 (www.cr2.com), along with senior banking leaders and market influencers, tease out some of the key trends that they feel will impact and shape banks of the future. The report, ‘The Bank of the Future’ looks at the post-pandemic challenges and opportunities
It is hereby notified, in terms of section 25(4) of the Banking Act [Chapter 24:20], that CBZ Bank Limited and CBZ Building Society, both incorporated under the laws of Zimbabwe and carrying on banking business, have applied to the Minister of Finance & Economic Development in terms of section 25(2) of the Banking Act, for
An increasing number of banks are looking to implement a modern payment hub – with 77 percent of respondents saying that ‘faster adoption of new payment methods’ would be the critical feature required from such a solution Almost two-thirds of banks globally (65 percent) say Open APIs that enable access to a broad range of
ACI Worldwide, a leading global provider of real-time digital payment software, has announced that it is working closely with national banks to help connect to the United Arab Emirates’ real-time payments scheme set to launch in October 2022. The UAE Instant Payments Platform (IPP) will enable instant transfers between bank accounts 24/7/365, with participation mandatory
