Absa Blocks Third Party Aggregation Site

Third party aggregation sites pose a clear risk to customer security and 22seven will be blocked again, Absa says…. Even though 22seven’s ability to pull data from an Absa Internet Banking customer’s account has been restored, this is not with the bank’s...

Standard Bank Focus Change

Standard Bank will not pursue short-term gains to achieve further dominance in Africa but will push to aggressively expand return on equity, which is still too low, says group CEO Jacko Maree. He also ruled out acquisitions by Africa’s largest bank by assets, saying...

FNB Winner in Internet Banking Survey

Survey reveals most satisfied internet banking customers A new survey by online market research specialists, Columinate, has revealed that FNB and Capitec clients are the most satisfied when it comes to Internet banking. The survey was conducted amongst 1353...

Nedbank Boss and Politicians

Reuel Khoza, the chairman of the Nedbank Group, says South Africa has a strange breed of leaders who were determined to undermine the rule of law. Khoza, who is a former Eskom chairman, and was known to be heavily politically connected to the ANC during president...

RMB Launches Banking App

Shortly after being awarded the Euromoney award for “Best Private Bank in South Africa”, RMB Private Bank announced the launch of their transactional banking Application (App) exclusive to their clients. The app launches on Apple (iOS), BlackBerry and Android...

Taiwan Deal with SA Central Bank

Taiwan’s Financial Supervisory Commission (FSC) signed a memorandum of understanding (MOU) Thursday with the Bank Supervision Department of South Africa’s central bank on cooperation in the banking sectors of the two countries. The areas of cooperation...