Tag: Banks
Nigerian banks sack 49 employees over fraud in Q2 2024
Commercial banks and deposit-taking financial institutions in Nigeria have sacked 49 employees due to their involvement in fraudulent activities between April and June this...
Expert predicts banks will counter-disrupt FinTechs soon
Chief Solution Architect and Vice Leader for Fintech at Huawei, Lee Maina has predicted that banks will soon disrupt FinTech and that will deplete...
Banks urged to host critical services locally after internet disruption due...
Financial and utility service providers in the country have been asked to host critical services locally following the recent internet service disruption due to...
GhIPSS, banks to facilitate GhanaPay Mobile Money registration in Tema
Residents of Tema and its environs will soon experience increased accessibility to GhanaPay mobile money services, thanks to a collaborative effort between the Ghana...
Nigerian Parliament halts social media KYC directive to banks
The Nigerian House of Representatives has asked the Central Bank of Nigeria (CBN) to temporarily halt the implementation of an earlier directive to use...
Banks to spend $57bn on legacy payments tech in 2028 –...
Global banks are expected to spend $57.1 billion on legacy payments technology in 2028, up from $36.7 billion in 2022, impacting costs and limiting...
Telcos, banks in Nigeria row over $262 million SMS fees
Mobile operators in Nigeria including MTN Group and Airtel Africa will stop providing dedicated text message services to banks until the lenders pay ₦120-billion...
MTN Mobile Money is Best Wallet of the Year
MTN Ghana's mobile money service has been adjudged the Best Mobile Money Wallet of the Year at the 6th Innovation and Excellence Awards, which...
Mastercard brings crypto trading capabilities to banks
Mastercard has teamed up with blockchain infrastructure platform Paxos on a programme designed to help banks and fintechs offer their customers crypto trading services.
A...
75% of UK banks will invest in tech to combat costs...
A study by UK-based bank, Lloyds Bank has found that UK financial institutions are increasingly turning to technology to combat the rising costs of...