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Standard Bank Responds to Moody’s Downgrade

Standard Bank notes the action taken by Moody’s rating agency to downgrade South Africa’s sovereign credit rating to Ba1 from Baa3. While the downgrade was almost inevitable in the circumstances, Read More →

Further Amendments to the Money Market Liquidity Management Strategy of the South African Reserve Bank and Additions to the Monetary Policy Portfolio

On 20 March 2020, the South African Reserve Bank (SARB), in response to strains witnessed in various funding markets, reviewed the liquidity management strategy. The amendments announced included the implementation Read More →

Fiserv to Enhance Omni-commerce Experience with Acquisition of Bypass Mobile

Fiserv, Inc., a leading global provider of payments and financial services technology solutions, has announced the acquisition of Bypass Mobile (“Bypass”), an independent software Read More →

Sasfin Reports Profit Growth in a Tough Environment

Sasfin posted a 5.67% increase in earnings per share for the half-year ended 31 December 2019. Headlines earnings for the six month is down 2.27% due to adjustments in the Read More →

The Banking Sector Needs to Strike a Balance Between Digital and Traditional Delivery Channels

The relentless drive towards digital banking is making banks ‘invisible’, leaving customers looking for more value, human engagement and diversity of transactional channels according to the South African Customer Satisfaction Read More →

Changes to the Money Market Liquidity Management Strategy of the South African Reserve Bank

In recent days, as financial markets have come under increased pressure with the spread of the COVID-19 pandemic, the South African Reserve Bank (SARB) has observed liquidity strains in various Read More →

Iemas Financial Services is Turning Things Up a Notch to Offer a More Rewarding Shopping Experience

With growing trends in digital evolution, personalisation and having a socio-economic impact, financial services cards and payment solutions have to evolve beyond swipes and complicated rewards. Iemas Financial Services has Read More →

Jini Guru Partners with Azilen Technologies to Build Advanced Payment and Banking Solutions

Local cloud platform builder, Jini Guru, has partnered with Azilen Technologies, a product engineering company, to build innovative fintech solutions for emerging markets. Mike Smits, co-founder, Jini Guru, says that Read More →

Visa Makes KES 242 Million Grant to Help Economically Empower Kenyan Women Owned Micro Businesses

Visa has announced a $2.4 million (KES 242 Million) grant to Hand in Hand Eastern Africa to support low-income business owners in Kenya. The program aims to help improve the Read More →

Orange Launches Orange Money in Morocco

After securing approval last summer from the "Bank Al Maghrib", Orange Morocco announces the launch of Orange Money in the kingdom. This service will allow Moroccans to make mobile payments Read More →

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