South African financial services provider, FNB revealed on Tuesday, 8 October 2019, that it plans on growing its branch network by adding seven more branches to its already existing national footprint of 619 branches. Before the end of the financial year, the...
Mashreq, a leading financial institution in the UAE, announced on Tuesday, 8 October 2019, that it has partnered with Avaya and Koopid to recreate its banking experience – the transformation focusses on customer experience, including self-service...
“The record volumes and value of money sent by consumers using eWallet is a great testament of how simple, convenient and secure the offering is,” says Dr Christoph Nieuwoudt, FNB Consumer CEO, at the announcement of FNB’s record eWallet data....
African financial services provider, Nedbank announced on Monday, 2 September 2019, that it has partnered with Microsoft in a move to become a ‘digital-first’ financial services provider. The bank is set to migrate components of its IT...
South African telecoms provider, MTN announced on Friday, 16 August 2019, that a subsidiary MTN Nigeria Communications PLC has been granted permission to offer financial services by Nigeria’s central bank. The announcement comes after the Nigerian...
Money remittance and digital banking provider, Hello Paisa launched its digital bank in South Africa in partnership with Sasfin earlier this year. The bank was developed with the aim to help the unbanked population have access to banking solutions. IT News...
TymeBank revealed at the AWS Summit in July 2019 that it has been onboarding over 100 000 customers a month. The fully-licensed digital bank is owned by African Rainbow Capital (ARC), which falls under the Patrice Motsepe’s Ubuntu-Botho Investments...
Orange Business Services and Genesis Analytics have partnered in a bid to prepare financial institutions to launch new digital ecosystem banking services in the Middle East and Africa. The partnership will help these financial institutions address the...
June 25, 2019 •
Finance •
Fundi Maseko •
Comments Off on Hello Paisa makes it to Inclusive Fintech 50 club
International money remittance and digital banking provider, Hello Paisa has been selected from over 400 hopeful applicants and placed among the globe’s top 50 fintechs. The judging panel consisted of industry experts across venture capital, banking,...
March 20, 2019 •
Finance, Top Stories •
Fundi Maseko •
Comments Off on New partnership to boost financial inclusion in the Democratic Republic of the Congo
FSD Africa and Equity Bank Congo have entered into a new partnership that targets unbanked people in rural areas in the Democratic Republic of the Congo. The three-year US$2.8 million project will train and enrol at least 4,000 people to become bank agents...
Ecobank’s newly upgraded online banking platform, Omni-Lite is specifically optimised for local corporates, public sector and SMEs. Managing Director at Ecobank Nigeria, Patrick Akinwuntan has urged business owners to register for Ecobank Omni Lite to...
March 12, 2019 •
Finance •
Fundi Maseko •
Comments Off on Ecentric Payment Systems boosted by strategic global investment
Ecentric Payment Systems, a payments company in South Africa, announced that Financial Software and Systems (FSS), a global digital payment and financial technology company, has made a strategic investment in the company to accelerate growth momentum into...
On Wednesday, 06 March 2019, Sasfin announced a partnership with Hello Paisa to offer a digital banking solution. Backed by the banking capabilities of Sasfin, the offering is banking reimagined: a bank designed for everyday individuals who know what matters...
January 3, 2019 •
Features •
Darryl Linington •
Comments Off on Digital banks must find balance between cloud, cost and customer experience
With the launch of several new banks in South Africa and the disruption caused by digitalisation, the incumbents are re-aligning themselves to better support a digital environment. Newcomers must work hard to attract a customer base and adopt different...
September 29, 2018 •
Finance •
NetAdmin •
Comments Off on Hyper-availability: The competitive edge for digital banks
With downtime and unavailability significantly impacting on the reputation of a bank, fintechs are in a prime position to embrace hyper-availability and gain the competitive advantage over the incumbents. We explore the impact it is making in the local...
September 6, 2018 •
Finance •
NetAdmin •
Comments Off on A new approach to digital banking
Traditionally, banking is known as a conservative sector. However, the radical changes in customer demands, regulatory requirements and competitive environments fuelled by digitisation are forcing bank CIOs to replace their online and mobile banking...
