FSS | AI, ML and RPA can Strengthen Reconciliation Systems for BFSI sector

Posted on by Staff Writer | 2991 Views | 24 min read

Q&A with Rishi Pillay, Managing Executive: Africa, FSS With open banking and instant payments increasingly becoming mainstream, back-office enterprise reconciliation systems need to keep pace. Conventionally, transactions typically were processed in a batch mode and payments took hours, if not days, to process, clear and settle. Now, reconciliation and settlement cycles have been compressed. This puts

CR2 Recognised As one of the Leading Players in Celent’s Corporate Banking Report

Posted on by Staff Writer | 3583 Views | 3 min read

“CR2’s Digital Banking Platform provides configurable off-the-shelf functionality spanning multiple lines of business, including retail, SME, corporate, private, agency and digital financial inclusion.” Corporate Banking continues to play a dominant role for banks. Banks looking to capture a greater share of the corporate banking wallet must think carefully about their investment decisions in order to

NCBA Bank: Investing in Technology to Offer Inclusive Financial Services

Posted on by Staff Writer | 4374 Views | 27 min read

“We have a view or a mission to be Africa’s most valued digital platform for financial services, which then means we are seeking to move to not just identify ourselves as a bank but actually identify ourselves as a marketplace upon which financial services are offered, upon which customers can then find innovations that impact

Equity Group Holdings PLC Doubles Profitability Validating Its Resilience and Business Continuity Strategy During the Pandemic

Posted on by Staff Writer | 4375 Views | 31 min read

Equity Group Holdings Plc has announced a 98% growth in half year profits to Kshs.17.9 billion up from Kshs.9.1 billion the previous year. Speaking while releasing the results, Equity Group Managing Director and CEO Dr James Mwangi said, “The defensive and offensive strategy adopted by the Group at the onset of the Covid-19 pandemic to

FNB Launches ESG Offering as Part of its Global ETN Programme

Posted on by Staff Writer | 4004 Views | 22 min read

In line with its belief that all South Africans deserve the opportunity to be able to invest in international companies that are leaders in their fields, FNB this week launched three exciting new Exchange Traded Notes (ETNs). Approximately 3 million customers already save and/or invest with FNB and the bank continues to expand its innovative

Innovation Takes Center Stage as FIS Announces Winners of 2021 Impact Awards

Posted on by Staff Writer | 3316 Views | 13 min read

The 2021 winners are Baker Boyer National Bank, Boost Payment Solutions, CDK Global, NRW.BANK, Quontic Bank and Walgreens. In its fifth year, FIS’ signature awards program recognizes organizations that have used FIS technology to innovate within their business to enhance customer service and drive tangible business results. The Impact Awards are independently judged by industry

Enjoying Banking Convenience with FirstBank’s FirstMobile

Posted on by Staff Writer | 4896 Views | 24 min read

As the world is evolving digitally, Nigerian banks are currently looking for ways to make the banking experience better and FirstBank is not an exception to this aggressive drive. The efforts in this regard include building and constantly improving on its product offerings like the FirstMobile, its industry-leading mobile banking app; FirstOnline, the internet banking

EMVCo Publishes EMV® 3-D Secure UI/UX Guidelines

Posted on by Staff Writer | 6023 Views | 8 min read

New interactive online resource to help card issuers, merchants and solution providers optimise the EMV® 3DS payment authentication experience for e-commerce consumers. Global technical body EMVCo has published EMV® 3-D Secure (EMV 3DS) UI/UX Design Guidelines to help card issuers, banks, merchants and solution providers optimise the EMV 3DS payment authentication experience for e-commerce consumers. The guidelines are publicly

Absa Group Reports Increased Earnings on Broad-based Recovery

Posted on by Staff Writer | 3895 Views | 19 min read

Revenue increased 3% to R41.2 billion Operating costs rose 5% to R22.6 billion Cost-to-income ratio increased to 54.9% from 53.9% Pre-provision profit increased 1% to R18.6 billion Impairments fell 68% to R4.7 billion Headline earnings per share increased to 1 019.7 cents from 173.6 cents Return on equity improved to 15.3% from 2.6% Group CET

Ecobank Group Launches 2021 Edition of its Fintech Challenge

Posted on by Staff Writer | 6696 Views | 13 min read

Applications have opened for entries from all start-ups and developers in any of Africa’s 54 countries and global Africa-centered Fintechs The Pan-African Banking Group seeks innovative start-ups to partner and collaborate with; Applications are now open. The pan-African banking group, Ecobank group, is inviting African Fintech entrepreneurs to join the 4th edition of the Ecobank