Absa Group Limited, one of the largest diversified financial services providers in Africa, plans to implement a second significant broad-based black economic empowerment (B-BBEE) transaction as part of its broader efforts to achieve transformation in a meaningful and sustainable way. “The planned transaction is a demonstration of our commitment to transformation and cements our longstanding
Africa’s leading banks including EcoBank, Nedbank, Attijariwafa Bank, United Bank of Africa, Co-operative Bank of Kenya and Banco Mais are tapping into IBM technologies to help advance financial inclusion across the continent IBM has announced that major financial institutions across Africa have selected hybrid cloud and AI capabilities from IBM to unlock digital innovation and continue
CR2 is extremely proud of CIB’s phenomenal growth achieved across its digital banking services. Commercial International Bank Egypt (CIB), Egypt’s leading private sector bank, recently announced exponential growth in its digital banking service for H1 2021, highlighting the success of their long-term digital transformation strategy adopted in 2012. During the period H1 2021, CIB achieved a
GCB Bank Limited (GCB) has opened a new branch in the Community 25 of Tema Metropolitan Area of the Greater Accra Region. The new branch is located within the Tema Community 25 Shopping Mall and will offer banking services to customers and residents in the area. This is in response to the growing business population,
FNB has delivered solid earnings growth for the financial year ending 30 June 2021, buoyed by a rebound in transactional activity, growing customer base and robust migration to its digital platform. FNB’s normalised profit before tax increased by 32% and it delivered an impressive return on equity (ROE) of 33.3%. The Bank continues to attract
The two, ISO/IEC 20000-01:2018 and ISO/IEC 27001:2013, protect revenue flow into the business and prevent confidential information from falling into the wrong hands. The Bank commits to continue engaging regulators to ensure appropriate governance that balances the value of giving customers control of their data and its duty to protect customer privacy and security. Equity
Standard Bank’s Shyft has won the Everest Wealth Best Financial Solution for 2021. This locally designed app simplifies the experience of buying and selling foreign exchange and international shares and allows the sending of money offshore as well as paying for goods and services in foreign currency, while travelling or online. Their win was announced
Incumbent banks are starting to look to “platform banking” to stay relevant and loved by customers. But what is platform banking in the first place? And why is it a good thing for society? Anthony de Gray Birch, co-founder and Chief Operating Officer (COO) of Direct Transact, South Africa’s biggest banking enabler of the past
With this new partnership, Importers and Exporters will enjoy premium services on the TradeNet system To offer efficient and robust services to their customers, KenTrade has entered into a consortium partnership with Cellulant, Ecobank and GAINDE 2000. With this new partnership, Importers and Exporters will enjoy premium services on the TradeNet system; an online platform
FSS (Financial Software and Systems), a leading global provider of integrated payment products and a payment processor, has been selected to work with Vopy Payments in a partnership designed to support European digital commerce growth through a premium embedded finance approach. Embedded finance – which supports the integration of financial services into products and business
