Tag Archivesbanking

Enhancing returns on cash using money market funds

KPMG Africa Banking survey; satisfactory results from unsatisfied customers

Understanding what is important to individual customers and customer segments is key to understanding the future of banking in Africa. (more…)

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FNB introduces alerts for all new debit orders

FNB customers will now be notified via SMS every time a new debit order is raised on their accounts, regardless of amount, and if they believe it to be unauthorised, have the ability to dispute and reverse by replying to the message or logging onto one of FNB’s digital platforms. (more…)

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Ins and outs of Islamic Banking

It’s been over a decade since some of South Africa’s leading commercial banks introduced Islamic Banking services but despite the progress, there are still numerous misconceptions about this alternate form of banking. CEO of FNB Islamic Banking, Amman Muhammad says South Africa is one of many African countries that enable citizens to benefit from the […]

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Bitcoin and Blockchain – the next major disruptors in the banking sector

On 6 April 2016, U.K. bank, Barclays, announced its ground breaking partnership with Circle, a FinTech company backed by Goldman Sachs. Bitcoin (the internet’s most popular cryptocurrency) and blockchain technology is thus back in the news. However, a plethora of financial markets legislation must be overcome to bring this type of ‘decentralised currency’ to any […]

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Curator of African Bank announces launch of Good Bank

The Curator of African Bank, Tom Winterboer, is pleased to announce that, following the completion of the exchange offer process, the Good Bank, renamed African Bank Limited, was launched on 4 April 2016. This is a significant achievement in the delivery of the African Bank restructuring. (more…)

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Christelle Colman

Good banking: The benefits of managing your overdraft facility

There are various forms of credit available to consumers, and with what is predicted to be a tough year ahead, making use of an overdraft facility, could be a good way to manage your cash flow and get you through the year. “One of the best solutions to a temporary cash flow problem is an […]

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SA citizens seeking Islamic Finance on the rise

A growing number of South African citizens are seeking alternate banking solutions for a diverse range of financial needs. Islamic banking and its principles based approach is proving to be a viable option to both Muslim and non-Muslim alike. (more…)

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Banks satisfying needs of SA’s middle class through private banking

South African banks have been ramping up efforts to offer compelling private banking services to cater for the unique needs of the country’s middle class population. This is according to Sipho Silinda, CEO of FNB Private Clients. (more…)

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