Beyond consumer, digital innovation is also instrumental in institutional, corporate and wealth businesses, and helped the TTS team win the transaction services award this year
Naigembe added: “This also provides the opportunity for customers to deposit any amount onto their account remotely using our ATMs, cash deposit machines, agents and mobile money.”
By digitalising the entire banking experience, customers will be able to enjoy simple, secure, and affordable banking anytime, anywhere.
Under this service, it will include users into an investment portfolio composed of its exchange-traded funds (ETF) for an annual fee of 0.35% or 35 basis points of the assets, which is the annual advisory fee.
Andre Hugo, CEO of Virgin Money South Africa, told Business Insider South Africa that the platform has gathered over 400,000 users since its launch in February 2018
The SC Keyboard recently launched in Kenya, Uganda, Ghana, and Tanzania. The solution is a first for the bank in Africa and will be rolled out to Botswana, Zambia, Zimbabwe and Nigeria throughout the rest of the year.
The microfinance institution has over 170 branches and caters for millions of modest-earning, but salaried South Africans such as government employees, mineworkers and civil servants.
Banks must commit significant investment into building state of the art infrastructure if they wish to keep pace with the sector’s accelerating trajectory, highlighting that some analysts go as far to predict that IT investments should be as much as
One of the key differences with Amazon is that as a customer, you see Amazon as a distributor of products, with no bias for their own brand products
The app initially takes people through a financial ‘health check’ and, based on responses, provides them with personalised recommendations
The expansion of NCR’s digital banking solution portfolio means that in addition to delivering one of the industry’s strongest solutions in the cloud for the Community Financial Institution (CFI) market, it can now provide a leading on-premise