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
Access Bank Expands African Footprint with South African Acquisition, Palmpay Partners with Jumia on Payment Option
Access Bank acquires South African bank, Palmpay partners with Jumia, and South Africa approves 248 crypto licenses, signaling growth in Africa's fintech and banking sectors.
Kenyan Banks to Lower Lending Rates Following Central Bank Pressure
Kenyan commercial banks will reduce lending rates starting December 2024, following the Central Bank of Kenya's recent benchmark rate cut and pressure to align lending rates with monetary policy changes.
Kenya's Parliament Finance Committee Proposes 8-Year Deadline for Banks to Meet New Capital Requirements
Kenya's Parliament Finance Committee has proposed an 8-year deadline for commercial banks to meet new capital requirements, citing concerns over the initial 3-year timeline's potential impact on smaller lenders.