Banking

September 17, 2019

1

Safaricom retains its Digital Academy staff to bridge talent shortage in digital technologies

Safaricom has unveiled a program that will empower and train employees who are looking to shift to new digital careers.

Known as The Digital Academy, the initiative especially caters to employees working in technology careers that are becoming automated as computers gain more capabilities and take on more roles.

In the first phase that began early this year, Safaricom"...

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September 17, 2019

2

Jefferies' Clients, Employees and Shareholders Contribute $4,400,000 for Hurricane Dorian Relief Efforts in the Bahamas

Jefferies announced today a total donation of $4.4 million to 16 organizations providing needed assistance to victims of Hurricane Dorian in the Bahamas. The firm's clients helped to generate $3.075 million in donations through global trading commissions on September 16th. Jefferies also contributed $1 million directly, and voluntary donations from the firm's 3,656 employees totaled another $325,000.

We are proud of the entire Jefferies"...

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September 16, 2019

3

Jefferies to Hold Global Relief Day in Support of Hurricane Relief in the Bahamas Today, September 16

Jefferies announced that today is the firm’s global trading day for Hurricane Dorian relief efforts in the Bahamas. Jefferies will offer investors around the world the opportunity to join efforts to assist those affected by the devastation of this event by trading with Jefferies.

As previously announced, Jefferies will donate all net trading commissions earned today from U.S., European and Asia equity, fixed income and foreign exchange trading."...

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September 12, 2019

4

AfDB, UN Nutrition Network partner to lead nutrition commitments in Zambia

The African Development Bank (AfDB) country office in Zambia and the UN Nutrition Network have agreed to lead multi-agency commitments aimed at effective implementation of the country’s national food and nutrition agenda.

The two agencies reached the agreement on 5 September 2019 when Bank country manager for Zambia, Mary Monyau, hosted the global coordinator and director of the UN Nutrition Network, Purnima Kashyap. Both recognized the role"...

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September 12, 2019

5

Fintech Innovator Treezor Chooses Gemalto Cloud HSM to Help Secure Banking-as-a-service

Thales today announced that Treezor, the leading banking-as-a-service platform in France, has deployed Gemalto SafeNet Data Protection on Demand solution to provide security across its entire payment chain, from tier one banks and neo-banks to crowdfunding organizations.

As an electronic money issuer, Treezor is bound by a variety of data privacy regulations and requirements, including requirements from the French Regulator (ACPR), the Mastercard"...

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September 10, 2019

6

Standard Bank remains South Africa’s most valuable brand, report

Standard Bank has retained its position as South Africa’s most valuable brand, according to the second edition of the BrandZ Top 30 Most Valuable South African Brands report.

The annual study and evaluation of brands is conducted by global market research and insights firm Kantar, and communication and branding giant WPP. It values the Standard Bank brand at USD3, 553bn, based on a combination of financial value and brand contribution, and"...

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September 8, 2019

7

Steward Bank and Youtap launch mobile money services in Zimbabwe

Zimbabwe financial institution Steward Bank and Youtap have partnered to launch, contactless payment services for Steward Bank customers in Zimbabwe.

The new service provided by Steward bank will allow customers to use e-money to pay at the point of sale and for selected transport services. The core payment services will be complimented by agency banking solutions which include digital peer to peer transfer services alongside loyalty and rewards"...

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September 4, 2019

8

CR2 and Network International partner to deliver mobile banking as a managed hosted service in MEA

Banking software leader CR2, has signed a strategic partnership with Network International, the enabler of digital commerce across Africa and the Middle East.

CR2 and Network International will deliver mobile banking as a Managed Hosted Service, enabling banks to rapidly deploy and cost-effectively manage their mobile banking services.

CR2 is considered to be the leader"...

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September 3, 2019

9

CBK approves National Bank acquisition by KCB

The Central Bank of Kenya (CBK) has approved the acquisition of 100 percent shareholding of National Bank of Kenya Limited (NBK) by KCB Group PLC (KCB Group).

The approval has been granted in accordance with Section 13(1) (e) of the Banking Act. KCB Group is a Kenyan non-operating holding company that owns banking subsidiaries in the East African region in Kenya, Uganda, Tanzania, Rwanda, Burundi and South Sudan.

It"...

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September 3, 2019

10

Standard Bank Mobile now offers smartphones

South Africa’s newest mobile network, Standard Bank Mobile, has expanded its service offering to allow customers to purchase Apple, Samsung and Huawei smartphone devices with a convenient financing option.

The Bank has introduced an innovative way to acquire a smartphone by financing devices over 24 months using an extended payment facility on Standard Bank credit card accounts. This facility is offered at a special interest rate of 11% per"...

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