Standard Bank becomes first South African bank to join Marco Polo Network
by Ben Poole
The DLT network is designed to provide a secure way to access trade finance.
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Africa
EY and Open Banking Nigeria work on financial services innovation
by Graham Buck
The Big Four accounting group will partner in developing a standardised API interface for open banking in Nigeria
South Africa to cap maximum cheque value from May 2020
by Graham Buck
Accelerating the drive to digital payments, the maximum value permitted for a cheque reduces from 500,000 rand to just 50,000
African Development Bank steps up digital financial inclusion drive
by Graham Buck
The Africa Digital Financial Inclusion facility aims to develop digital financial transactions across the continent
Fitch: MMF reform has yet to extend to South Africa
by Graham Buck
Money market fund reform in North America and Europe hasn’t yet reached the country, as South Africa opts for a ‘wait and see’ approach
Standard Chartered and IBM Launch Trade AI Engine
by Graham Buck
The solution, for converting non-digital shipping documents into machine-readable format, is live in Asia, Africa and the Middle East.
Standard Bank acquires custody and derivatives business
by Graham Buck
Africa’s largest bank by assets is taking over the portfolio from Legae Peresec, South Africa’s largest securities trading firm.
Standard Bank works with ICC on best practice for trade finance
by Graham Buck
The African bank says an “important milestone” in developing a sustainable trade finance framework has been reached.
Standard Chartered aims to beef up open banking capabilities
by Graham Buck
The bank aims to develop innovative products and services through partnerships with developers, corporates and fintechs.
Nigeria’s banks urged to hedge dollar-denominated loans
by Graham Buck
At a Lagos financial workshop, African companies were urged to follow major multinationals in using derivatives to manage price risk.
Standard Bank partners with Amazon for cloud migration
by Graham Buck
The South African banking group will use Amazon Web Services to automate its financial operations.