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
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
Mobile social network Mxit has integrated First National Bank’s eWallet into its mobile commerce platform, Mxit Money. The new service, called FNB Moola+, allows Mxit users to purchase the virtual currency for 35% less than it would cost if purchased using premium-rated SMS. Until now, Mxit users have had
