Tag: Banks
Nigeria: Telcos to disrupt SMS banking services due to $185m USSD...
The row between Nigerian banks and telecommunications operators over the unstructured supplementary service data (USSD) debt seems to have resumed, as telcos disclosed, that...
UK banks to shut down mobile payment service Paym, lessons for...
Paym, the mobile payment service launched by fifteen of the UK’s biggest banks and building societies, is shutting down after an eight-year battle to...
UK Fintechs form Open Finance group
Leading fintech players including Plaid, Truelayer and Yapily have banded together to launch a not-for-profit trade association pushing open finance in the UK and...
CWG Ghana, Clari5 bring Real-Time fraud management solutions to banks, fintechs,...
Amid recent cases of money laundering and financial fraud involving some of the leading fintechs and banks in Africa, cybersecurity firms CWG Ghana and...
UK banks demand tech giants, telcos reimburse online fraud victims
UK banks have urged Big Tech and telecommunications firms to take responsibility for their contribution to the rise of online fraud and voluntarily reimburse...
GRA accused of pushing for ‘absurd’ E-LEVY charges
Following the failure of e-levy to deliver as projected by government, Ghana Revenue Authority (GRA) has resorted to another strategy in the e-levy implemented,...
UK regulator to curb closure of bank branches
The Financial Conduct Authority is planning tougher curbs on bank branch closures, warning that some banks and building societies are not currently doing enough...
Nigeria: 3 banks fined for flouting CRYPTO trading restrictions
The Central Bank of Nigeria (CBN) has fined 3 of the country's commercial banks for flouting a cryptocurrency trading restriction levied a year ago,...
eCedi: BoG to empower banks and curtail Mobile Money?
Some key financial sector stakeholders are concerned that signals in the Bank of Ghana's eCedi Design Paper that the central bank is seeking to...
Banks play catch up to telcos in Africa financial services race
Billionaire Microsoft Founder, Bill Gates once said that banking will always be needed but banks will not. It speaks to the fact that digital...