News Updates:

General Banking News


General Banking News / 22-07-24 / Daniel Nkosi

Nedbank employees help address critical social issues through volunteerism

"Our commitment goes beyond simply taking employees out for a day of service,’ he explained. ‘We're fostering a culture of volunteerism that connects directly to critical issues affecting millions of South Africans, such as food insecurity,…

General Banking News / 19-07-24 / Daniel Nkosi

Africanbank wins big at Top Empowerment Awards

"At Africanbank, we believe that true empowerment goes beyond financial support; it encompasses the holistic development of individuals and communities. Our focus on education, skills development and inclusive practices ensures that we are not…

General Banking News / 18-07-24 / Daniel Nkosi

FSB consults on cross-border payment recommendations related to data flows

The FSB's recommendations aim to address identified frictions from data frameworks that pose significant challenges to improving the cost, speed, transparency and accessibility of cross-border payments, while maintaining their safety and security…

General Banking News / 17-07-24 / Daniel Nkosi

SA workers are embracing generative AI, but still fear for their futures

"The report also revealed that 96% of the roughly 25,000 workers surveyed believe generative AI can enhance their job performance, including a sizable percentage in South Africa.," says Prejlin Naidoo, Partner, CMT, Oliver Wyman.

General Banking News / 11-07-24 / Garry Khumalo

BIS announces Secretary General and Innovation Hub leadership appointments

In her new role, Ms Sani will head the General Secretariat, one of the Bank's four main departments. As a member of the Bank's Executive Committee, she will play a key role contributing to the general management of the BIS and will have responsibility…

General Banking News / 11-07-24 / Garry Khumalo

Basel Committee consults on principles for the sound management of third-party risk

"This increased reliance on third parties beyond the scope of traditional outsourcing, coupled with the expansion of supply chains and rising concentration risks, has necessitated an update to the 2005 Joint Forum paper Outsourcing in financial…

General Banking News / 05-07-24 / Shelly Nxumalo

Project Nexus completes blueprint for connecting domestic instant payment systems globally

"I wish our partners in Nexus every success as they advance the project from concept to reality. This is the first BIS Innovation Hub project that central banks are moving towards a live phase together with instant payment providers," says BIS…

General Banking News / 19-06-24 / Shelly Nxumalo

Africanbank strengthens leadership team as its journey to JSE gains momentum

"One of our core missions is to advance lives, and this can also be seen in how we have meticulously selected individuals who align perfectly with our core values to join our ranks. The appointment of these 'Movement Makers' reflects Africanbank's…

General Banking News / 06-06-24 / Shelly Nxumalo

Nedbank Pitch & Polish 2024 competition reflect growing entrepreneurial spirit in SA

"The statistics from this year's competition paint a picture of a vibrant and resilient entrepreneurial landscape. From the wide age range of entrants to the variety of industries represented, it's clear that the spirit of innovation and the…

General Banking News / 06-06-24 / Shelly Nxumalo

Nithya Navaratnam appointed as Deputy Head of Banking

"Ms Navaratnam joined the BIS in 2020 as the Head of Credit Risk Management, and previously worked at Goldman Sachs, where she progressed through various regional and global credit risk leadership roles across their New York and Singapore offices,"…

General Banking News / 28-05-24 / Lerato Lamola

Lerato Lamola | On the road to a cashless society; SARB digital payments roadmap

"The SARB acknowledges that certain of the items may require further research and assistance from other government departments and stakeholders. The path has, however, been set and the desire is for all relevant stakeholders to jump on board…