Sunday, March 16, 2025
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banks

General

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

Staff Writer -
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...
FinTech

Banks that are not ready for digital disruption will struggle

Staff Writer -
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 their APIs...
FinTech

Identity ecosystem must learn from banks’ example

Staff Writer -
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 organisations have been building...
Mobile and Telecoms

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

Staff Writer -
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...
FinTech

Why USSD won’t replace apps

Staff Writer -
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 predictions by some...
FinTech

Nigerians fork out N138 billion to 10 banks

Staff Writer -
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...
Cybersecurity

Cybercrime rising across Africa’s financial sector

Staff Writer -
  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 funds according to a CIO East...
Features

How do banks monetise mobile channels?

Staff Writer -
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...
Mobile and Telecoms

Namibian telecoms unit sold

Staff Writer -
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 company...
Enterprise IT

African Banking Corporation selects BankWorld

Staff Writer -
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. African Banking Corporation has chosen BankWorld to manage its...
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