CBA, seen as a technology leader in banking, on Tuesday laid out its strategy for maintaining its powerful position as the country’s biggest and most profitable financial institution in the face of growing competition from technology-based rivals.
The move also aligns well with the P27 initiative in the Nordics, which promotes interoperability, paperless systems, and real-time payment capabilities.
Gertrudes Tovela, administrator of the Bank of Mozambique, cited by Notícias, believes that the institution has in recent years carried out several actions aimed at modernizing the payment system in the country.
Firms have until the end of May to apply for the six-month incubation period, during which they will get access to SocGen's expertise and the chance to try out their offerings in real-life business environments.
Juni, founded in 2020, was unveiled to the market in the summer of last year and quickly closed a $21.5m Series A funding round.
Hobbs, N.M.-based Lea County State Bank has deep roots in the region’s oil and gas industry, having served the community since 1928.
Cellulant will roll out Tingg in Ghana in order to provide ways to digitize payments, collect and disburse to customers, the release says.
This new fraud prevention service allows customers of participating Banks, Building Societies and Credit Unions to double-check, ahead of making a payment, that the account holder’s name matches the owner of the bank account number.