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Banking & Finance

Trade with Africa is becoming more attractive. (Image source: Broadcastcentre)

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

Jumhouria Bank of Libya selects smartstream to deliver real-time operational control. (Image source: lau rey/Flickr)

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 aims in boosting up Africas economy. (Image source: Paul Saad/ Flickr)

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 opened the countrys first branchless bank in 2016. (Image source: Adobe Stock)

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.

The digital banking services are expected to expand in Africa and Latin America with this agreement. (Image source: lau rey/Flickr)

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

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