Banking & Finance

SmartStream to provide reconciliations management solution to Libya’s Jumhouria Bank

jumeirah bankJumhouria Bank, the leading bank and branch network in Libya, has signed a deal with SmartStream Technologies for its Corona solution to deliver intra-day reconciliations management across cash, cards, branch, central bank and payment transactions

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AfDB ranked fourth best company in Africa

AFDBThe 2018 Careers in Africa Employer of Choice Survey has ranked the African Development Bank (AfDB) the fourth best company to work with in Africa

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SunTrust Bank Nigeria receives information security certifications

Nigera SmartphoneSunTrust Bank Nigeria was granted the ISO/IEC 20071:2013 and Payment card industry data security standard (PCIDSS) certifications for its standards on data security


The ISO/IEC 20071:2013 certification was granted by the Professional Evaluation and Certification Board (PECB) Canada while the PCIDSS certification was given by African consulting firm Digital Jewels.

The bank's certifications show its strength in the area of information security.

African banks, spurred by the runaway success of payment servicem-pesa, have been scrambling to gain market share as an increasing number of Africans turn online for smaller payments.

Africa's growing population and economy, boosted by income levels, has encouraged banks to expand their reach through low-cost methods such as digital banking in a continent which is still underbanked.

SunTrust opened Nigeria's first branchless bank two years ago.

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Fidor and IFC to expand digital financial services in Africa and Latin America

FidorGerman online bank Fidor has signed a MoU with International Finance Corporation (IFC), a member of the World Bank Group, a move that is seen to expand digital banking opportunities across Africa and Latin America

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MTN and Ecobank sign MoU to provide digital banking across Africa

MTN EcoMTN has collaborated with Africa’s Ecobank Transnational Incorporated (ETI), a move that aims to leverage each other’s assets to provide more services to their customers across Africa

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