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Posts Tagged ‘banks’

  • Visa launches fintech fast-track program in Africa

    February 12, 2019 • East Africa, Finance, Top StoriesComments Off on Visa launches fintech fast-track program in Africa

    Visa has just announced it is expanding its fast-track program to support fintechs in the Central and Eastern Europe, Middle East and Africa (CEMEA) region as part of its efforts in developing the next generation of digital payment solutions. Already rolled...

  • Facebook’s growing momentum in Africa (Infographic)

    Facebook asks major banks to share customer details

    August 7, 2018 • Company News, Online & Social, Top StoriesComments Off on Facebook asks major banks to share customer details

    Social media giant, Facebook has asked leading banks to share customer data to allow it to develop new services on the social network’s Messenger texting platform, a banking source told AFP on Monday. Facebook, which has come under intense criticism for...

  • The new standard for cross-border payments dramatically improves the customer experience in cross-border payments by increasing their speed, transparency and end-to-end tracking

    African banks to become more competitive with SWIFT gpi

    May 31, 2018 • East Africa, Finance, North Africa, Southern Africa, West AfricaComments Off on African banks to become more competitive with SWIFT gpi

    5 African banks have signed up to SWIFT’s global payments innovation (gpi) service, the new standard for cross-border payments. Of these, four are already live – Standard Bank of South Africa, FirstRand Bank, ABSA Bank and Nedbank – and many others...

  • Building resilience against distributed threats at government level

    How banks should approach cybersecurity

    January 24, 2018 • Finance, Online & Social, Security, Southern Africa, SponsoredComments Off on How banks should approach cybersecurity

    If there’s one industry we should be most concerned about when it comes to cyber criminals and security, it’s the one that looks after our money. “The financial services industry is under continual threat from cyber crooks, and the methods they use to...

  • Making customers central to the digital journey is key for banks, insurers

    Making customers central to the digital journey is key for banks & insurers

    December 27, 2017 • General, Online & Social, Southern AfricaComments Off on Making customers central to the digital journey is key for banks & insurers

    For years, the power of digital has seen it placed at the top of strategic plans and interventions to streamline and add value to business processes and the bottom line overall. The introduction of digital technologies has undoubtedly impacted on businesses...

  • Banks that are not ready for digital disruption will struggle

    Banks that are not ready for digital disruption will struggle

    November 29, 2017 • Finance, General, Top StoriesComments Off on Banks that are not ready for digital disruption will struggle

    The banking industry continues to experience disruption – by new players, new opportunities and new risks – influenced by a number of forces including Application Programming Interfaces (APIs). Although some financial institutions such as Citi are using...

  • Do criminals care about biometrics?

    Identity ecosystem must learn from banks’ example

    November 23, 2017 • Finance, General, Southern AfricaComments Off on Identity ecosystem must learn from banks’ example

    The recent high-profile identity data breaches in South Africa are symptomatic of the overall chaos the identity ecosystem currently finds itself in. Lacking a cohesive strategy, an interlinked architecture and a comprehensive regulatory framework, most...

  • 9mobile

    Nigeria: 9Mobile to escape full repayment of $1.2 billion debt

    August 16, 2017 • Mobile and Telecoms, Top Stories, West AfricaComments Off on Nigeria: 9Mobile to escape full repayment of $1.2 billion debt

    In the latest development of the ever changing story of 9Mobile, formerly Etisalat Nigeria, the consortium of 12 banks involved in the $1.2 billion 9Mobile loan – a loan the firm took out four years ago; however, failed to repay due to a currency...

  • Why USSD won’t replace apps

    July 18, 2017 • Finance, Southern AfricaComments Off on Why USSD won’t replace apps

    The complex acronym USSD (Unstructured Supplementary Service Data) does nothing to represent its simplicity. It’s the most basic of mobile phone-based service offerings – but its potential to make strides for financial inclusion is significant. Despite...

  • Nigerians fork out N138 billion to 10 banks

    May 22, 2017 • Finance, Top Stories, West AfricaComments Off on Nigerians fork out N138 billion to 10 banks

    According to a report by the Vanguard, Nigerian bank customers paid N138 billion ($437 million) in electronic payment charges to the top 10 banks in the country last year. The fee represents an eye-opening 26% increase on the N109.1 billion paid by...

  • Cybercrime rising across Africa’s financial sector

    January 28, 2014 • SecurityComments Off on Cybercrime rising across Africa’s financial sector

      Incidents of cybercrime continue to plague Africa’s banking sector. Regional media claim that several banking institutions are being investigated in cybercrime cases. These investigations are said to include inquiries about illegal online transfer of...

  • How do banks monetise mobile channels?

    September 15, 2011 • FeaturesComments Off on How do banks monetise mobile channels?

    The era of mobile banking and mobile payments is dawning. Around the world and across the banking value chain, everyone is waking up to the huge potential of a market that is changing the way customers interact with financial institutions. Banks are...

  • Namibian telecoms unit sold

    June 8, 2011 • Mobile and TelecomsComments Off on Namibian telecoms unit sold

    ORASCOM Telecom, one of Egypt’s leading telecommunications company subsidiary, Telecel Globe has announced the sale of its Namibian business component, Powercom to Investec and Nedbank. The move, analysts here in Cairo say, was expected in order to give the...

  • African Banking Corporation selects BankWorld

    October 22, 2008 • Enterprise ITComments Off on African Banking Corporation selects BankWorld

    CR2, a global provider of self service banking software solutions and African Banking Corporation have today announced that the bank has selected BankWorld, CR2’s industry leading integrated self service platform...

  • Hackers stealing $200billion per year worldwide

    September 12, 2008 • Top StoriesComments Off on Hackers stealing $200billion per year worldwide

    Hackers are having it big worldwide, the global economy is losing almost $200 billion per year to the cyber thieves; this is according to Nigerian based Global Network for Cyber Solutions (GNCS)...