Standard Bank and Lightstone have disclosed a data breach and said that some property owners’ information in South Africa was accessed without permission.
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Standard Bank Group said customers in nine countries experienced difficulties logging into their digital banking accounts after an outage.
Since much of Africa’s population has limited access to financial services, the continent is one of the world’s most attractive banking opportunities as incomes rise.
Standard Bank has become the latest South African bank to offer support for Apple Pay, the contactless payment technology used in iPhones, iPads and Macs.
Promoted | Standard Bank Mobile has introduced fixed LTE to its product portfolio with aggressively priced data plans.
Banks say they have to keep funding at least some coal projects for now because an immediate halt would cause upheaval.
Podcast | Banks that are unwilling to adapt their strategies for “the platform economy” could face dire consequences, says Standard Bank’s Jonathan Lamb.
Standard Bank Group’s goal of adding at least 10 million customers ahead of a 2025 deadline has set the stage for a tug-of-war over Africa’s wealthiest clients.
FirstRand will end funding for new coal-fired power stations and coal mines and has lowered the cap on its coal exposure as part of moves to reach net-zero emissions by 2050, it said on Wednesday.
Standard Bank Group is taking a big bet on the future of mobile payments in Africa, launching a platform called Unayo that takes direct aim at Kenya’s M-Pesa and other mobile payment solutions.