Tag: Banking
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FirstBank’s Adeduntan still the 1st man in banking
…Sustains Winning Streak, Pioneers Leadership Excellence In Banking Since his appointment as MD/CEO of First Bank of Nigeria Limited in 2016, Dr. Adesola Adeduntan has completely transformed the financial institution and has made it attractive to every strata of the society. From an institution that used to be perceived as an old-generation bank, FirstBank…
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Mastercard welcomes NymCard – plug-and-play banking service
Mastercard has certified NymCard, a plug-and-play banking-as-a-service (BaaS) provider, as a Principal Mastercard Issuer in the UAE. The milestone announcement marks the first time a fintech in the UAE is licensed to issue cards by Mastercard. The license from Mastercard enables NymCard to become the UAE’s one-stop provider for fintechs and digital partners, removing the…
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The 10 African banks that are doings so well in 2022
No doubt, we are always careful when we choose to open an account with a bank. We are even more careful when it comes to doing larger business with a bank. You need a bank that you’re sure is having a clean plate, and is reputed to be rich enough to survive bad economic times.…
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China digital currency: e-CNY rollouts expand to Hangzhou and Chongqing
China will expand the trial of its sovereign digital currency to a number of Chinese cities including Chongqing, Tianjin, Hangzhou and Guangzhou, as the central bank works on incentives for banks, technology firms and local authorities to take part in its e-CNY. The decision was made at a People’s Bank of China (PBOC) meeting on…
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EU wants to make currency easier for Ukraine refugees
The EU tabled a plan on Friday to make it easier for Ukrainian refugees to access EU currency given that many banks across Europe refuse their local hryvnia banknotes. The Ukrainian economy is deeply disrupted by the war campaign, forcing the central bank in Kyiv to limit the exchangeability of its hryvnia currency in order…
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First Financial Bank Completes Acquisition of Summit Funding Group
First Financial Bancorp. (Nasdaq: FFBC) (“First Financial”) announced today (3rd January 2022) that it has completed its previously announced acquisition of Cincinnati-based Summit Funding Group, Inc. (“Summit”), the fourth largest independent equipment financing platform in the United States. “We are excited about the opportunity to provide our clients with additional services through Summit’s extensive leasing…
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Stanbic IBTC Introduces Short Term Loan Facility for SMEs
A short term loan facility aimed at augmenting working capital to finance various business projects and bridge urgent cash flow needs of small and medium enterprises (SMEs) has been introduced by Stanbic IBTC Holdings Plc, a member of Standard Bank Group. A statement from the lender explained that this pragmatic loan solution enables SMEs to…
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African development banks need scale, urgently. Here’s how it can be done
The African Development Bank Group headquarters in Le Plateau, the business district of the Ivorian capital Abidjan. Issouf Sanogo /AFP via Getty Images Nimrod Zalk, University of Cape Town Developing countries in general, and African countries in particular, confront an enormous financing challenge to meet the UN’s sustainable development goals. This financing gap featured prominently…
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TAJBank selects Newgen to automate customer-facing processes
Newgen Software, a global provider of low code digital automation platform, has announced that TAJBank has selected Newgen as a digital transformation partner to automate its enterprise-wide customer-facing processes. TAJBank is looking to leverage Newgen’s product training and its platform’s low code capability to design, develop, and deploy the workflows themselves through an in-house center…