8 RESULTS

Cooperative Bank of Oromia launches new apps with Temenos to elevate digital experience and advance financial inclusion in Ethiopia

According to a press release, Temenos announced that Cooperative Bank of Oromia (Coopbank), one of the largest banks in Ethiopia, has launched CoopApp and CoopApp Alhuda on Temenos Digital (Infinity), delivering a modern digital experience for conventional and Islamic banking with greater personalization for more than 12 million customers. Ethiopia has one of the lowest …

Banking Transformation Africa

Navigating a new world of payments in sub-Saharan Africa

The Covid-19 Pandemic has exposed the Achille’s heel, as well as a ripe opportunity, in sub- Saharan Africa’s trade and payments landscape. Chipo Mushwana, Executive of Emerging Payments at Nedbank explores the challenges and solutions to support the continent’s consumer and business population in economic recovery. Various studies place the rate of financial inclusion in …

Banking Transformation Africa

“SHYFTING” MINDSETS: BUILDING STANDARD BANK’S DIGITAL FX APP SHYFT BY CURRENCYCLOUD

BACKGROUND Standard Bank Group is the largest African banking group by assets; US$170bn, and an employee headcount of 55,000. Founded over 150 years ago, the business is a client-centered, digitally enabled financial organization. It has a presence in 20 countries on the African continent — building its first franchise in the sub-Saharan region 30 years ago …

Banking Transformation Africa

96% of African banks have Digital Transformation top of their agendas

The global pandemic has created an unprecedented digital banking pivot point. Customers are now more demanding than ever before. Business as usual is simply not enough. Banks and financial institutions are facing real challenges in moving away from product centricity and legacy technologies to customer centricity and personalised seamless solutions. Most financial institutions entered a …

Cybersecurity in banking

Cybersecurity in Banking

The cyber-threats and security risks that threaten the banking industry have the potential to cause significant damage, as has been evident in past incidents that have led to monumental losses of both funds and financial data. It’s important for banks to define, understand and mitigate the cybersecurity risks.  We caught up with Itumeleng Makgati, Group …

Banking Transformation Africa

COVID-19 Pushed Consumers to Digital Banking

The global pandemic has created an unprecedented digital banking pivot point. Customers are now more demanding than ever before. Covid-19 triggered a reduction in the usage of ATMs and cash. Fewer stores were open, and for many people, touch screens and keypads were potential vectors of infection. Instead consumers found themselves utilizing digital payments including contactless, …