Only Half of Banks Globally Are Making Significant Advancements in Digital Transformation, Accenture Report Finds

Posted on by Staff Writer | 2692 Views | 22 min read

Only 12% of banks globally are fully committed to digital transformation; Report recommends that banks pursue digital leadership to drive superior financial performance The US$1 trillion that traditional retail and commercial banks have invested globally over the past three years to transform their IT operations has not yet delivered the anticipated revenue growth, according to

The High Court in Johannesburg has Ruled in Favour of the National Credit Regulator against Standard Bank

Posted on by Staff Writer | 3836 Views | 6 min read

The High Court in Johannesburg has ruled in favour of the National Credit Regulator (NCR) against Standard Bank that the common law set-off does not apply to credit agreements subject to the National Credit Act (NCA). This follows an application for a declaratory order brought by the NCR against Standard Bank seeking legal clarity on

Diebold Nixdorf Unveils Next-Generation Banking Solutions Built For The Transforming Financial Services Industry

Posted on by Staff Writer | 4029 Views | 13 min read

Diebold Nixdorf, a global leader in driving connected commerce for the banking and retail industries, has unveiled the DN Series, a family of self-service solutions designed to anticipate the needs of a progressively transforming industry. Leading banking brands, including Fifth Third Bank and BNL Gruppo BNP Paribas, are among the 18 financial institutions in 13

FirstBank Hits 27,000 Banking Agents, Deepens Financial Inclusion across Nigeria

Posted on by Staff Writer | 3888 Views | 15 min read

Nigeria’s premier bank and leading financial services provider, First Bank of Nigeria Limited has announced that it now has over 27,000 Agents on its Firstmonie Agent Network. This feat reinforces the Bank’s steering role at promoting financial inclusion in the country. The over 27,000 Firstmonie Agents are present in almost all Local Government Areas across

SWIFT Publishes Paper on the Future of Payments

Posted on by Staff Writer | 3894 Views | 10 min read

In Payments: looking to the future SWIFT challenges the community to revolutionise services and collaborate to bring this future closer. On the last day of the African Regional Conference (ARC) taking place in Accra, Ghana, SWIFT has released a landmark paper, “Payments: looking to the future”, in which the global co-operative articulates the future of

PASA will be Reducing the Maximum Value for Writing a Cheque

Posted on by Staff Writer | 4037 Views | 7 min read

After careful consideration and consultation with key stakeholders, PASA will be reducing the maximum value for writing a cheque from the current value of R500 000 to R50 000, effective 01 May 2020. Walter Volker, Chief Executive Officer of PASA believes that this limit reduction stems from the need for better risk management and the

RBR Research: Video Banking Helps Banks Extend Financial Services to New Locations

Posted on by Staff Writer | 3650 Views | 9 min read

Video banking technology provides banks with the ability to extend their services to more customers at a lower cost than full-service branches. Another banking touchpoint According to RBR’s Teller Automation and Branch Transformation 2019 report, which covers 23 key global markets, a number of financial institutions are turning to video banking technology to extend their

Sasfin’s Digital Advisory Council Provides SA with a Glimpse of Banking’s Future

Posted on by Staff Writer | 3650 Views | 12 min read

Specialist financial services provider Sasfin Bank has established a Digital Advisory Council to provide the market with industry-leading expertise and insights on trends shaping the use of technology in financial services. Digitalisation is one of the most powerful forces for change shaping Finance today. This has turned Fintech into one of the most vibrant sectors

Tribunal Approves Merger Whereby Absa Bank Acquires Société Générale SA

Posted on by Staff Writer | 3951 Views | 5 min read

The Tribunal has approved a large merger, without conditions, whereby Absa Bank Ltd (Absa) seeks to acquire Société Générale SA (SocGen) Johannesburg branch in respect of target assets. Absa is a wholly owned subsidiary of Absa Group Ltd (Absa Group). Absa is listed as a regional African banking and insurance business. It offers a complete

GCB Bank Makes Strong Showing Despite Industry Challenges

Posted on by Staff Writer | 4067 Views | 8 min read

The MD of GCB Bank, Anselm Ray Sowah has stated that GCB’s strong performance has increased significantly despite the challenges in the banking industry. He explained that the Bank had to deal with challenges as a result of cost hike and attendant low profit associated with the Purchase and Assumption of two banks in 2017.