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This Week's News
Business Times - Reserve Bank moving to streamline payment systems, reduce cash usage - 2/2/2025
The South African Reserve Bank will allow digital payment firms to handle certain licensed banking activities while it finalises a regulatory review that could open the door for non-banking institutions to make and accept payments without a banking intermediary.
For the complete story, see: https://www.businesslive.co.za/bt/business-and-economy/2025-02-02-reserve-bank-moving-to-streamline-payment-systems-reduce-cash-usage/
Asian Banking and Finance - AEON Bank told to improve measures against money laundering and terrorism financing - 2/2/2025
Japan's FSA suspected the bank of having left 14,369 transactions unaccounted for.
For the complete story, see: https://asianbankingandfinance.net/branch-banking/news/aeon-bank-told-improve-measures-against-money-laundering-and-terrorism-financing
Tech Africa News - Old Mutual Nears Launch of Digital-First Bank - 30/1/2025
Old Mutual is finalizing regulatory approvals to launch its digital-first bank, expanding beyond life insurance services.
For the complete story, see: https://techafricanews.com/2025/01/30/old-mutual-nears-launch-of-digital-first-bank/
Other Stories
IT Web - New payments association to 'open up' SA fintech sector - 29/1/2025
Tech Point - Soaring inflation, high interest rates to deepen credit losses for Nigerian banks in 2025 - 28/1/2025
IOL - SARB approves digital banking platform for South African SMEs - 27/1/2025
Semafor - South Africa insurer readies digital bank - 24/1/2025
Money Web - Standard Bank slapped with a R13m fine for non-compliance - 24/1/2025
Media Releases
Absa Group - Absa strengthens its position as Africa's leading employer, proudly awarded Top Employer for the fourth consecutive year - 30/1/2025
Old Mutual - OM Bank CEO gets the thumbs up from the Reserve Bank - 30/1/2025
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Renewable energy, banking sector development, and carbon dioxide emissions nexus: A path toward sustainable development in South Africa - By Ahmed Samour, Delani Moyo & Turgut Tursoy
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News and Commentary
Business Times - Reserve Bank moving to streamline payment systems, reduce cash usage...