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Retail Banking

10/30/2024

FirstBank: Sustaining Seamless, Hitch-free Customer Banking Transaction Experience

The banking transaction architecture of some banks recently encountered some turbulence that resulted from attempts by the banks to effect major system/software upgrades to better serve customers.

10/28/2024

Zenith Bank Clinches ‘Bank of the Year’ and ‘Retail Bank of the Year’ at BAFI Awards 2024

Zenith Bank has retained “Bank of the Year” title, affirming its resilient leadership and dedication to Nigeria’s evolving financial landscape.

10/25/2024

Nedbank fraud warning for South Africa

In a notice sent to customers on its app, the group said that criminals use several tricks to steal one’s card information.

10/25/2024

Reserve Bank pushing hard for new target in South Africa

The central bank aims to anchor inflation expectations around the midpoint of its target range, and recent data has been encouraging.

10/25/2024

System migration won’t affect banking services – FirstBank

The bank said that supplier platform update is part of FirstBank’s continuous investments in improving operational efficiencies and service experience.

10/25/2024

Alarm bells for middle-class and rich South Africans

This troubling trend underscores the harsh reality that many South Africans, despite earning regular incomes, are struggling to make ends meet.

10/21/2024

Forbes names Standard Bank amongst the top 20 World’s Best Employers

The Bank emerged as the highest ranked company from Africa and ranked 2nd in the Banking and Financial Services sector globally.

10/21/2024

FirstBank tops in African banking sector ranking

First Bank also made the list of the recent The Banker's top 100 banks

10/17/2024

Morocco’s CIH Bank selects Backbase to power its digital transformation

Specifically, CIH Bank expects this integration to streamline its onboarding processes for both local customers and Moroccans living abroad.

10/17/2024

Bank of Africa, Absa offer lowest interest rates on loans to households -BoG

The Bank of Africa was the best place to turn for individuals and householders wholooking for loans and hoping to pay back in a year.

10/17/2024

Another major retailer in South Africa closing its doors

The CEO said that the group is not planning to sell the operation, and the site will hold clearance sales before shutting down.

10/16/2024

Empowering African women: Major financial package unveiled by Absa and the African Development Bank

The R1bn proceeds from this bond will be allocated towards affordable housing loans specifically targeting women, empowering them as first-time homeowners in low-income segments.

10/16/2024

11 Banks’ Customers Deposits Cost Up 148% to N3.27tn on MPR Hike

The unprecedented increase has not only set the MPR at its highest level to date, but also reflects the CBN’s determination to address galloping inflation.

10/16/2024

South Africans should kiss cash goodbye

It further revealed that 95% of informal small business customers and 63% of formal business customers opt to pay in cash.

10/15/2024

South Africa’s big banks quietly cut over 7,000 jobs

This shift is driven by the banks’ efforts to enhance efficiency and adapt to changing consumer preferences.

10/14/2024

Fidelity Bank Rises Ahead of Interim Dividend Qualification Date

The transaction lifted its share price from N14.4 on Thursday to N14.70, suggesting that demand outpaced sell side.

10/10/2024

Half Year: UBA grows earnings by 40% to $1.78bn, declares interim dividend of $0.003 per share

This growth was achieved despite the difficult global macroeconomic environment and geopolitical challenges across Africa, where the bank has subsidiaries.

10/09/2024

Access Bank obtains licence to establish commercial bank in Namibia

The bank noted that with its existing operations in Southern Africa—including Angola, Botswana, Mozambique, South Africa, and Zambia

10/09/2024

Access Bank gets approval to establish Namibian subsidiary

This expansion represents an important milestone towards establishing a railroad in Namibia for intra-African trade within the Southern African region, Africa, and the rest of the world.

10/09/2024

Mastercard targets real-time card payments in South Africa

South Africa is set to become the first country to benefit from Mastercard's push to introduce real-time card payments.

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