Key facts: John Durrant assumes role of FIS Banking Solutions President on Sept.1. Durrant succeeds Martin Boyd who has announced plans to retire from FIS. Boyd, who joined FIS in 2015 through the acquisition of SunGard, will remain with the company until the end of the year to ensure a smooth transition. Financial technology leader
*Salient points Revenue increased 14% to R46.9billion Operating costs rose 7% to R24.1 billion Cost-to-income ratio decreased to 51.4% from 54.9% Pre-provision profit increased 23% to R22.8 billion Impairments increased 10% to R5.2 billion Headline earnings per share increased 27% to 1298.5 cents from 1019.7 Return on equity improved to 17.7% from 15.3% Group CET
Banking enabler Direct Transact achieves seamless migration to Teraco data centre for 15 major financial institutions, ensuring no downtime or disruptions in the SA payments system and that the entire financial ecosystem gains a major boost in scalability, reliability and global competitiveness. Fifteen major South African financial institutions have successfully migrated all their sensitive business
Standard Bank Group (“Standard Bank” or “the group”) delivered record headline earnings of R15.3 billion for the six months to 30 June 2022 (1H22 or the current period), up 33% on the prior period. This performance was underpinned by continued balance sheet and franchise growth. Headline earnings: R15 263 million, up 33% Headline earnings per
The South African payment ecosystem will need to increase cooperation if it hopes to reduce the country’s over-reliance on cash. And, while the regulator still has a big part to play in the solution, flipping the way payments are generally incentivised in favour of the consumer, as well as finding ways to better incentivise businesses
According to the NIBSS (Nigeria Inter-Bank Settlement System), the total number of fraud attempts in Nigeria has grown by 186% from 2019 to 2020 PalmPay, a fintech innovator aims to make digital payment more accessible and flexible, announces the launch of Wallet Safe Workshop, a monthly campaign for payment security awareness training to help customers
Embedded finance solutions are a game-changer for how financial services are delivered in emerging markets across the globe and beyond, says Anton Coertzen, Chief Commercial Officer of fintech enabler, Ukheshe The embedded finance market is expected to grow to tenfold its 2020-value by 2025 – just three years from now. The term has been generating buzz
GCB Bank was adjudged the Premium Ghanaian-owned Bank of the year 2021 at the 6th Global Business Quality Awards ceremony held at the Movenpick Ambassador Hotel in Accra. G-Money, the Bank’s subsidiary with over 2.4 million subscribers was also awarded the Most Promising Mobile Money Brand of the Year Award 2021. The awards, organized by
The launch of Yellow Pay not only makes it easier for money transfer but also opens up the continent to more investment, access to credit, business grants Yellow Card Financial is proud to announce its new payment feature – Yellow Pay. This innovative solution will make it easier for customers to send and receive money
Network International’s offering includes acquiring and processing services, and an ever-evolving range of value-added services The company, which operates across Africa and the Middle East, has seen financial outcomes that reflect solid trading and strategic delivery, driving strong cashflow generation; Figures include new financial institution wins and merchant signups; accelerated transaction growth; cross-selling and launching
