BANKING

June 25, 2019

Sterling Bank Empowers Teachers

Sterling Bank Plc has said it is lending support to a programme organised by the Teaching Network Foundation (TTNF). The initiative is aimed at improving the quality of teachers in Nigeria’s education sector. The programme themed: “Introducing and Developing a Sustainable Assessment Strategy to Improve Teaching and Learning,” was held at the Scholars Crest International School, Ikeja in Lagos recently. The guest speaker was Nicholas Dunn, the International Assessment Resources Manager, Hodder Education, United Kingdom......

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June 25, 2019

FirstBank Hits 27,000 Banking Agents, Deepens Financial Inclusion

First Bank of Nigeria Limited has announced that it now has over 27,000 agents on its Firstmonie network.

This feat, according to a statement from the bank yesterday, reinforces its steering role at promoting"...

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June 24, 2019

NSE All-Share Index Sheds 0.65% Despite 762% Rise in Trading Volume

The Nigerian stock market was highly active last week as volume and value of trading rose by 762 per cent and 477 per cent respectively.

High trading in the shares of Wema Bank Plc Forte Oil Plc boosted trading"...

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June 24, 2019

Polaris Bank Empowers Journalists

Polaris Bank Limited recently organised a one-day media workshop to build the capacity of media practitioners to enhance their reportage for the good of society.

The workshop which held across the cities of Lagos,"...

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June 20, 2019

Legerity FastPost Helps Leading Life Insurer to Automate New Financial Reporting and Disclosures Process

Aegon UK, a leading savings, protection and investment service provider has selected Legerity Limited’s FastPost IFRS 17 solution to help it transition to the new International Financial Reporting Standard (IFRS 17). The new standard takes effect from January 2022 and is one of the"...

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June 20, 2019

Bank ABC Partners with Jumio to Become First Bank in the Middle East to Employ Biometric-Based Digital KYC Functionality

Jumio, the leading AI-powered trusted identity as a service provider, today announced a partnership with Bank ABC, the MENA (Middle East and North Africa) region’s leading international bank. The partnership enables Bank ABC’s new mobile-only bank to compliantly onboard new individual customers using Jumio’s biometric-based identity verification solution. Based in Bahrain, Bank ABC currently serves customers on five continents, covering countries in the Middle East, North Africa, Europe, the Americas and Asia. Bank ABC plans to launch one of the region’s first digital banks and has invested in establishing digitised operations......

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June 19, 2019

Libyan Bank to use Oracle’s Flexcube

Libya’s Yaqeen Bank has reportedly signed with Oracle FSS to use Flexcube as its core platform and Oracle Banking Digital Experience for digital channels.

According to BankingTech, the bank evaluated Finastra,"...

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June 19, 2019

Animation, Sound & Vibration – How Visa is Reinforcing Consumer Trust in a Changing Payments World

Visa (NYSE: V) today announced global adoption of its sensory branding suite in 25 countries via more than a dozen new partnerships. The suite is comprised of sound, animation and haptic brand cues that occur with a Visa payment transaction. In a digital world increasingly filled with voice-commands, networked appliances and unattended retail environments, Visa’s sensory branding cues offer new ways to enhance the customer experience and convey the trust and security that the Visa brand represents. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190617005240/en/ Visa was the......

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June 18, 2019

IFC to Sell Stake in Pan-African Lender Ecobank

The International Finance Corporation (IFC) and the IFC Asset Management Company, a wholly-owned subsidiary of IFC, are in advanced discussions to sell equity holding in Ecobank Transnational Incorporated (ETI).

ETI,"...

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June 17, 2019

FCMB Empowers Entrepreneurs

First City Monument Bank (FCMB) has explained the rationale behind its capacity building programme, tagged, ‘Business Enterprises and Sustainability Training (BEST),’ for small and medium scale enterprises (SMEs).

According"...

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