Michael Wilson, business TV presenter, was live from The London Stock Exchange TV studios for a ‘Trade with Africa’ series of live interactive streamed panel discussions on 25 July 2018 at 1 PM BST
Banking & Finance
SmartStream to provide reconciliations management solution to Libya’s Jumhouria Bank
Jumhouria Bank, the leading bank and branch network in Libya, has signed a deal with SmartStream Technologies for its Corona solution to deliver intra-day reconciliations management across cash, cards, branch, central bank and payment transactions
AfDB ranked fourth best company in Africa
The 2018 Careers in Africa Employer of Choice Survey has ranked the African Development Bank (AfDB) the fourth best company to work with in Africa
SunTrust Bank Nigeria receives information security certifications
SunTrust Bank Nigeria was granted the ISO/IEC 20071:2013 and Payment card industry data security standard (PCIDSS) certifications for its standards on data security
The ISO/IEC 20071:2013 certification was granted by the Professional Evaluation and Certification Board (PECB) Canada while the PCIDSS certification was given by African consulting firm Digital Jewels.
The banks certifications show its strength in the area of information security.
African banks, spurred by the runaway success of payment servicem-pesa, have been scrambling to gain market share as an increasing number of Africans turn online for smaller payments.
Africas growing population and economy, boosted by income levels, has encouraged banks to expand their reach through low-cost methods such as digital banking in a continent which is still underbanked.
SunTrust opened Nigerias first branchless bank two years ago.
Fidor and IFC to expand digital financial services in Africa and Latin America
German online bank Fidor has signed a MoU with International Finance Corporation (IFC), a member of the World Bank Group, a move that is seen to expand digital banking opportunities across Africa and Latin America