First National Bank CEO Michael Jordaan may be planning to leave the bank at the end of the year, according to a report. The 44-year-old has been CEO since 2004 and has been instrumental in driving its digital strategy, including the development of mobile banking applications and its drive to get consumers to use digital
Banking group Absa has launched a product aimed at tech-savvy young professionals. Called Potentiate, it includes a new bank card with a digital display for showing one-time Pin numbers. The product promises various loyalty benefits and those taking it up can opt to purchase an
Two of SA’s big banks have committed themselves to developing mobile banking apps for Microsoft’s Windows Phone smartphone platform. It’s important for platform developers to attract local banks to their operating systems given demand from
First National Bank has been named as the most innovative bank worldwide for 2012 at the BAI-Finacle Global Banking Awards in Washington, DC.
The awards are designed to recognise banks for “game-changing products, services, practices and other achievements”. “Running since 2004
High-profile former First National Bank chief information officer Mike Jarvis, who led a dramatic modernisation of the bank’s IT systems and who left SA in 2000 to return to his native Britain, has returned to the country. Jarvis has established a new business with former Symantec regional director
First National Bank is in final talks with UK-based mPowa, a rival to American firm Square, about using the payments company’s technology to give its clients the ability to accept card payments using mobile phones. mPowa offers a white-label solution that supports multiple
First National Bank has extended the functionality of its e-wallet, making it possible for any customer to send money to any SA mobile user using the FNB banking application for mobile devices. Recipients can withdraw the cash, use it to buy prepaid airtime or electricity, send the money to another cellular
First National Bank is launching a new payment service that allows users of its mobile app to make payments to one another without needing to exchange banking details, provided they are near to one another. The service uses the GPS chips built into modern mobile devices, with authentication provided by the
First National Bank has launched its first hi-tech “dotFNB” store in Johannesburg. The outlet is meant to introduce customers to FNB’s various digital channels and show off technologies like an “interactive surface” that supports both touch interaction and augmented reality and allows customers to interact with the bank and its products and
Standard Bank caused a bit of a furore on Twitter on Thursday when it tweeted that it had lodged a complaint with the Advertising Standards Authority over an advertisement competitor First National Bank placed in weekend newspapers. It accused its rival of “misleading advertising”. Although the bank says filing the complaint
