Stanbic Bank Upgrades Core Banking App, Disrupts Services
Kenya's Stanbic Bank upgrades Temenos 24 core banking app, causing service disruptions for customers
Banking
Indian Fintech Slice Merges with Bank, Gains Rare Banking License
Slice becomes one of the first Indian fintech startups to secure a banking license, expanding its services and control over lending operations.
Fintech Disruptor Slice Enters Indian Banking Market
Indian fintech Slice merges with North East Small Finance Bank, gaining access to lower-cost capital and direct control over lending operations.
Access Bank Acquires National Bank of Kenya
Access Bank acquires NBK from KCB Group, pending CBK approval, to expand footprint in East Africa's largest economy
KCB Bank Migrates to iColo's Tier III Data Centre
Kenya's largest bank, KCB, completes migration to iColo's tier III data centre, citing cost savings and economies of scale.
Kenya Tightens Oversight of Outsourcing Firms, Nigerian Banks Raise $1 Billion, and More
Kenya's parliament considers new bill to address worker conditions in outsourcing sector, Nigerian banks raise $1 billion from capital market, and StartupFuel tackles AI misinformation
Safaricom Launches Second Money Market Fund, Ziidi, Amidst GT Bank's Service Disruptions
Safaricom receives regulatory approval for Ziidi, a new money market fund, while GT Bank apologizes for weeks of service disruptions, and MTN Nigeria leads the 5G race in West and Central Africa.
Nigeria's Central Bank to Penalize Banks for Cash Shortages at ATMs and Branches
Nigeria's Central Bank will impose penalties on commercial banks that fail to provide cash to customers at ATMs and branches, amid a prolonged cash crunch in the country.
Nigeria's Central Bank Fines 29 Banks $9 Million for Anti-Money Laundering Violations
Nigeria's Central Bank imposes fines on 29 banks for violating anti-money laundering and counter-terrorism financing regulations, highlighting the need for stronger compliance measures in the financial sector.