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General Banking News

 

General Banking News / 04-02-25 / Kwanele Sibanda

Standard Chartered appoints Maria Ramos to succeed José Viñals as Group Chair

“I am honoured to take on the role of Chair at Standard Chartered at an important time in its continued transformation. In my four years on the Board, I have experienced the degree to which the organisation is trusted and valued by so many clients…

General Banking News / 17-01-25 / Kwanele Sibanda

Banks warned against failed core strategies as time runs out to modernise

"There are currently only three options open to CTOs: Rip and replace, which almost never works; co-existence; and then what the industry refers to as an at-the-edge solution. We believe, no matter the size of the bank, there is only one solution…

General Banking News / 17-01-25 / Kwanele Sibanda

The PA applies to the PMB High Court for the provisional liquidation of Ithala

The Prudential Authority has announced that it has filed papers in the Pietermaritzburg High Court for the provisional liquidation of Ithala SOC Limited (Ithala).

General Banking News / 11-12-24 / Kwanele Sibanda

FSB Sub-Saharan Africa Group discusses financial scams and fraud prevention

Participants explored the scope for cross-border cooperation, including through the FSB and other international organisations, to protect investors and consumers from malicious online activities, ensure the proper functioning of capital markets…

General Banking News / 05-12-24 / Linda Oniwe

Linda Oniwe | Powering the Digital Age: The rise of the African data centre industry

"In Africa, the industry, though still in its infancy, is rapidly growing and evolving, propelled by the continent's burgeoning digital economy and its ability to leapfrog basic services through technological innovation," says Linda Oniwe, Vice…

General Banking News / 05-12-24 / Tau kaVodloza

FSB Plenary meets in Hong Kong

"The global economy and financial system continue to be affected by economic and financial conditions, policy uncertainty, and geopolitical tensions. Globally, asset valuations remain elevated, while the heightened market volatility in early…

General Banking News / 29-11-24 / Chris Smit

Brazil makes significant progress in strengthening investment fund regulation and supervision

“The introduction of the new regulation for the investment funds sector is timely given the growth and importance of the sector to Brazil. The Brazilian authorities have made significant progress since the last FSB peer review to strengthen…

General Banking News / 28-11-24 / Tommy Jackson

BIS and Central Bank of Brazil announce winners of G20 TechSprint 2024

This year's TechSprint, the fifth edition of the G20 global hackathon open to developers from around the world, was launched in April by the BCB and BIS, under Brazil's G20 presidency. The competition sought solutions to address challenges related…

General Banking News / 27-11-24 / Kwanele Sibanda

African Bank reports over R500m profit as it expands offerings

"This year's performance affirms African Bank's ability to deliver value even in a constrained environment. Our focus on diversifying revenue streams and providing innovative, customer-centric solutions positions us as a key player in South…

General Banking News / 22-11-24 / Kwanele Sibanda

Basel Committee reaffirms expectation to implement Basel III

The Basel Committee on Banking Supervision members have unanimously reaffirmed their expectation of implementing all aspects of the Basel III framework in full, consistently and as soon as possible, with the commitment also recently reiterated by…

General Banking News / 22-11-24 / Daniel Nkosi

COMRIC warns against sim swap fraud and digital scams

Advocate Thokozani Mvelase, Chief Executive Officer of COMRIC, has called for renewed vigilance as fraudsters exploit vulnerabilities in mobile network systems to carry out unauthorised SIM swaps.