Banking and FinanceFeaturedStandard Bank charges 67 staff with malpractice in South AfricaIFM CorrespondentMay 16, 2022 by IFM CorrespondentMay 16, 2022 The bank has already fired more than 30 of its employees for allegedly creating ghost accounts.... Read more
BankingFeaturedStandard and Shinhan bank to test cross-border stablecoinsIFM CorrespondentDecember 1, 2021December 1, 2021 by IFM CorrespondentDecember 1, 2021December 1, 2021 Both the banks will use the decentralised public ledger Hedera Hashgraph, a blockchain technology... Read more
BankingNow South Africa’s Standard Bank starts selling smart phonesInternational Finance DeskAugust 30, 2019December 16, 2019 by International Finance DeskAugust 30, 2019December 16, 2019 The new scheme allows customers to buy smartphones through an extended payment facility... Read more
BankingStandard Bank targets micro-merchants, invests in fintechInternational Finance DeskAugust 28, 2019December 16, 2019 by International Finance DeskAugust 28, 2019December 16, 2019 Standard Bank buys stake in local fintech firm Nomanini, which connects informal merchants with distributors via an e-wallet... Read more
BankingStandard Bank: Virtual card payments surge 300% in nine monthsInternational Finance DeskAugust 21, 2019 by International Finance DeskAugust 21, 2019 The bank expects online retail spending which accounts for less than 2% of total retail spending to increase in the coming years... Read more
BankingSouth Africa’s Standard Bank pivots away from ArgentinaInternational Finance DeskAugust 9, 2019 by International Finance DeskAugust 9, 2019 The sale of stake in a Chinese unit’s Argentina operations stems from renewed focus on Africa... Read more
BankingStandard Bank on target to raise stake in Kenya’s Stanbic to 75%International Finance DeskJuly 18, 2019December 16, 2019 by International Finance DeskJuly 18, 2019December 16, 2019 The South African bank has increased its stake in Stanbic to 69.1% by December 2018... Read more