After shedding 8% of their workforce last year, Zimbabwean banks may cut more jobs in 2020 as the economy shrivels and the sector increasingly shifts away from cash and toward digital services.
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Bank Zero, the digital bank backed by former First National Bank CEO Michael Jordaan, is on track to launch in the first half of next year and is promising innovations to stamp out card fraud.
First National Bank’s new First Business Zero Account, with no monthly fees, has made competitors sit up and take notice.
Nedbank has launched a “lite” version of its smartphone banking application. Called Money App Lite, it’s a streamlined version for Android devices.
The labour court of South Africa blocked a planned strike by banking workers on Friday, ruling that labour unions failed to comply with rules allowing demonstrations.
Nedbank has partnered with Microsoft to migrate components of its IT infrastructure into the cloud, the financial services company said on Monday.
Two Gugulethu-based entrepreneurs who accused Nedbank of stealing their patented card-blocking invention have issued a new summons against the bank in the high court in Johannesburg.
First National Bank is introducing sweeping changes to its eBucks Rewards programme for business from 1 September, it said on Thursday.
Nedbank Group is in talks with about 1 500 employees over potential job cuts at the lender’s retail and business banking division to cope with a struggling economy and increased competition.
Discovery Bank will start accepting new clients from Monday, three months later than it had anticipated when it unveiled its banking proposition in November.