Banking & Fintech – Page 15 – Hakuna Matata Media

Ecobank Fintech Challenge 2024 Finale is September 27th

2 years ago2 years ago03 mins

The Ecobank Fintech Challenge 2024 finale is set to take place on September 27th, 2024, bringing together Africa’s most innovative fintech minds. This prestigious event aims to showcase the latest advancements in technology that are driving financial inclusion and innovation across the continent. With a focus on empowering entrepreneurs, the challenge highlights solutions that address pressing issues in banking, payment systems, and economic growth.

Co-op Bank Increases Daily App Transfer Limit to Sh2M

2 years ago2 years ago03 mins

Co-operative Bank of Kenya has significantly enhanced its digital banking services by raising the daily limit for money transfers via its MCoopCash app to Sh2 million. This increase, which is four times the previous limit of Sh500,000, aims to provide customers with greater convenience amid a growing preference for digital transactions. The new policy allows users to transfer up to Sh1 million in a single transaction, facilitating seamless transfers between accounts.

Absa, Visa Launch Kenya’s First Metallic Card

2 years ago2 years ago04 mins

Absa Bank Kenya, in partnership with Visa, has unveiled Kenya’s first-ever metal-designed Infinite card, aimed at redefining the banking experience for affluent customers. This exclusive card blends sophistication with functionality, offering unique benefits that cater to the evolving needs of high-net-worth individuals. The card launch positions Absa as the first bank in Kenya to introduce a metallic card, setting new standards in banking innovation.

Standard Bank Ghana CIB Team Wins Employee Hackathon

2 years ago2 years ago04 mins

Standard Bank Ghana’s corporate and investment banking division, DigiTrade, has emerged as the overall winner of the recent employee hackathon. The hackathon, part of Standard Bank’s annual Kuunda Disrupt event, showcased innovative solutions aimed at enhancing client experience and improving internal processes. DigiTrade’s winning solution leveraged Artificial Intelligence (AI) to review and verify international trade documents, a significant improvement over the traditional manual submission process.

PalmPay Introduces USSD Service for Nigerian Users

2 years ago2 years ago03 mins

PalmPay has introduced a new Unstructured Supplementary Service Data (USSD) code aimed at enhancing accessibility for Nigerian consumers. This addition to its service lineup demonstrates the fintech platform’s commitment to delivering inclusive and efficient solutions in a market where consistent data access can be a challenge.

Paymob Raises $22M in Series B Extension

2 years ago2 years ago03 mins

Paymob, the Egypt-born fintech startup, has successfully secured an additional $22 million in funding, boosting its Series B round total to $72 million. This latest investment comes on top of the $50 million raised in 2022, bringing Paymob’s total funding to over $90 million since its inception.

Banking & Fintech

Aijaz Shalla Appointed as New Chief Operating Officer at SBM Bank Kenya

2 years ago2 years ago04 mins

Aijaz Shalla has been appointed as the new Chief Operating Officer at SBM Bank Kenya, bringing with him extensive experience and a distinguished track record in the banking sector. Aijaz holds a Bachelor’s degree in Electronics & Communications and an MBA in Banking & Finance, where he was recognized as a Gold Medalist. His career spans over 23 years, including significant roles across various industries such as banking, steel, and power sectors.

Standard Bank Holds Its 10th Employee Hackathon

2 years ago2 years ago03 mins

This week, Standard Bank Group is hosting its tenth annual Kuunda Disrupt Hackathon, a significant event that fosters innovation and creative problem-solving among its global workforce. The hackathon invites participation from all Standard Bank employees, including those based in South Africa, the rest of Africa, and beyond, reflecting the bank’s commitment to leveraging its diverse talent pool to address client challenges.