South Africa
HSBC fined in South Africa for inadequate AML controls
HSBC's South African arm has been fined ZAR15m ($10,44,472.5) by the South African Reserve Bank’s Prudential Authority. The HSBC fine…
South African fintech Jumo raises $52m in new funding round
South Africa's fintech start-up Jumo has raised $52m in an equity funding round that was led by Goldman Sachs. Finnfund,…
Shoprite introduces mobile banking service in South Africa
South African food retailer Shoprite has introduced new mobile banking service in partnership with fintech company Celbux, Google and Standard…
FNB enables customers to open accounts with selfies
South African financial services company First National Bank (FNB) has introduced a new service that will enable its customers to…
FNB rolls out biometric ATMs in South Africa
South Africa-based First National Bank (FNB) has rolled out a new ATM that uses biometrics to validate account holders. Dubbed…
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Bank of England to provide technical help to African central banks
The Bank of England has entered into a memorandum of understanding (MoU) with the UK's Department for International Development to…
Barclay Africa Group unveils new business strategy
Barclays Africa Group has outlined a new business strategy to achieve its future goals following the successful sell-down by Barclays…
BoB to terminate banking operations in South Africa
India’s state-owned banking firm Bank of Baroda (BoB) has decided to terminate its operations in South Africa. Following the decision,…
Bank Zero secures banking licence in South Africa
Bank Zero, an app-driven bank, has secured a provisional banking licence from the South African Reserve Bank (SARB). The bank,…