Browsing: FNB

Absa has finally taken the wraps off its application for smartphones and tablets, becoming the last of South Africa’s big four banks to launch a transactional banking app. Absa’s banking application supports Apple’s iPhone and iPad as well as devices running the Android operating system. It allows users to make payments

First National Bank launched a cellphone-based instant money transfer service between South Africa and Zimbabwe on Tuesday. “We have done extensive research into the cross-border remittance market and devised a service that is readily accessible to the people who need it most,” said Yolande van Wyk, head of digital

First National Bank on Monday said that non-FNB customers can now make use of its smartphone banking application to perform transactions through the inclusion of an e-wallet. Users of the bank’s “eWallet” can perform transactions such as buying prepaid airtime, data and prepaid electricity. They can also

Financial services giant Old Mutual has acquired personal financial management start-up 22seven as part of a strategy of what it calls “developing digital support for its customers”. The value of the deal has not been disclosed. 22seven exited its beta phase last May and began

First National Bank apparently believes that Research in Motion’s (RIM’s) new BlackBerry 10 (BB10) operating system is going to be a big success in South Africa, even if some analysts don’t. The bank, which is yet

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

Consumers at all of SA’s big banks, with the exception of Nedbank, are paying lower fees than they were last year. This is according to the third annual bank fees report by the Solidarity Research Institute, the research arm of the Solidarity trade union. The report, which was released on

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