CDC Group Announces US$50m Trade Finance Facility with Ecobank as Part of its COVID-19 Response

Posted on by Staff Writer | 6842 Views | 13 min read

Provides systemic liquidity and supports vital supply chains across Africa’s markets Sustains and increases access to goods and services during the pandemic Bolsters economic opportunities and inclusive growth, in markets such as Togo, Burkina Faso and Chad. CDC Group, the UK’s Development Finance Institution and impact investor, has announced a US$50 million trade finance facility

Standard Bank Streamlines Compliance Reporting

Posted on by Staff Writer | 4129 Views | 9 min read

Synthesis combines RegTech experience and AWS to deliver Compliance Solutions to Standard Bank. Good Governance means adhering to all applicable laws, regulations, policies and procedures. In practice, these processes are often complex and time consuming for employees. Standard Bank’s Compliance division recognised the need to re-engineer its approach to managing employee outside interests, gifts and

Mauritius Commercial Bank Ltd (MCB) to Adopt MITECH’s TRAC Collateral Management System in the Cloud

Posted on by Staff Writer | 6831 Views | 5 min read

The TRAC software will be implemented on a Cloud infrastructure, with the aim of going-live with the system before the end of the year The Mauritius Commercial Bank Ltd (MCB) (www.MCB.mu) is adopting MITECH’s system TRAC (Trade Risk Active Control) to support a continuous and significant growth in its Commodity Trade Finance (CTF) business. TRAC

Ecobank Group Reaches Another Milestone in Financial Inclusion in Africa

Posted on by Staff Writer | 6091 Views | 12 min read

A new WhatsApp service in partnership with Semoa, a Togolese Fintech The Ecobank Group (www.Ecobank.com) and Semoa a Fintech based in Lomé, are enabling mobile money users in Togo to carry out banking faster and easier, across West African Economic and Monetary Union ( WAEMU) through a new digital banking service via Whatsapp called “

Over 9,000 Customers Benefit From GCB Loans

Posted on by Staff Writer | 5203 Views | 7 min read

GCB, Ghana’s largest bank, as part of measures to ameliorate the sufferings of its customers from the ravaging effects of the COVID-19, has advanced in excess of GHS 156.1 million in personal loans to over 9,000 customers. The enhanced loan product which was aggressively offered during the peak of the pandemic to provide financial support

Ecobank Group Named 2021 African SME Bank of the Year

Posted on by Staff Writer | 5289 Views | 13 min read

The Pan-African banking group, the Ecobank Group, is the African Banker’s 2021 African SME Bank of the Year. Ecobank beat a host of other banks in the African Banker Awards 2021 to take home the SME Award in a 2020 tumultuous year characterised by the Covid-19 pandemic which continues to ravage many African economies, with

Financial Institutions Enhance Customer Experience and Drive Growth with Cloud-based CRM from Fiserv

Posted on by Staff Writer | 3169 Views | 11 min read

Built on Microsoft Dynamics 365, the Enteract customer relationship management platform enables integrated sales and service for retail and commercial banking Fiserv, Inc., a leading global provider of financial services technology solutions, has launched EnteractSM, a new, cloud-based customer relationship management (CRM) platform for financial institutions. Built on Microsoft Dynamics 365, Enteract enables financial institutions

Standard Bank Collaborates with Transaction Capital to Empower Businesses in Driving Smarter Payments and Collections Decisions

Posted on by Staff Writer | 3921 Views | 11 min read

Standard Bank, Africa’s largest financial services organisation, has collaborated with Transaction Capital to develop an intelligent data solution that will empower businesses with a deeper understanding of consumers’ payment and transaction behaviours. Coined AUTHENTIFI, the value proposition is designed to assist businesses enhance risk management, optimise cost and efficiencies, and improve cashflow and collection success

Absa PMI Moved Lower for a Third Consecutive Month and is Now Back in Line with February’s Level

Posted on by Staff Writer | 3779 Views | 11 min read

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged down slightly to 57.4 index points in June 2021 from 57.8 in May 2021. All 5 of the headline PMI’s major sub-components were above the neutral 50-point mark in June. Furthermore, the average reading of both the headline PMI as well as the business activity index during the

Commercial Bank of Kuwait Selects TCS BaNCS™ to Transform Treasury Operations and Drive Future Growth

Posted on by Staff Writer | 3298 Views | 13 min read

Tata Consultancy Services’ Integrated Front-to-Back Treasury Solution to Help the Bank Create New and Innovative Asset Classes and Improve Customer Experience Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, announced that Commercial Bank of Kuwait (CBK), one of the largest financial institutions in Kuwait, has selected TCS BaNCS™ for