Latest Standard Bank News: Finextra Research

Standard Bank picks Volante for Africa-wide payments overhaul

African giant Standard Bank is moving its payments infrastructure to Volante's cloud Payments-as-a-Service (PaaS), accelerating ISO 20022 adoption on the continent.

29 October 2024

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South Africa readies for real-time low value payments

South Africa's top four banks are to begin the roll out of Payshap, a low value, interbank, real-time digital payments service aimed at increasing financial inclusion to the underbanked segement.

01 November 2022

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Standard Bank launches free virtual internships for students

South Africa's Standard Bank is launching a free virtual internships initiative, enabling students from across the country to gain financial industry skills and experience.

08 July 2022

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Standard Bank launches platform to get working capital to African MSMEs

Standard Bank is working with fintech Nomanini and food giant Nestlé on a digital platform that gets working capital to underbanked informal retailers in sub-Saharan Africa.

18 January 2022

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Standard Bank and Shinhan Bank to test cross-border stablecoins

Shinhan Bank in Korea and Standard Bank in South Africa are to test the use of stablecoins for cross-border remittances using the decentralised public ledger Hedera Hashgraph.

30 November 2021

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Standard Bank mobile app crashes again

Months after recovering from a technical breakdown that disrupted its banking systems for over a week, South Africa's Standard Bank is back in the trenches as it scrambles to dicover the root cause behind intermittent outages on its mobile banking app.

01 September 2021

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Standard Bank acquires 35% stake in TradeSafe

Standard Bank has acquired a 35% equity stake in digital escrow company TradeSafe Escrow, providing a means for buyers and sellers to mitigate transaction fraud.

25 August 2020

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Standard Bank SA makes SAP and Microsoft Azure cloud move

Standard Bank South Africa is moving its core SAP Cloud Platform services to Microsoft Azure in a move the bank says will have a significant effect on customer experience.

05 March 2020

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Standard Bank leads $4 million round in mobile finance startup Nomanini

Standard Bank has led a $4 million investment in Nomanini, a mobile pint-of-sale and data analytics service for merchants operating in typically cash-based economies.

27 August 2019

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BNP Paribas and Standard Bank join $12 million round in digital banking venture Rewire

Israeli fintech Rewire, which has developed a cross-border international banking service for migrant workers, has secured $12 million in a funding round led by Viola Fintech and including contributions from BNP Paribas and strategic banking partner Standard Bank.

27 March 2019

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Standard Bank contracts with AWS for mass migration to the cloud

Standard Bank of South Africa is to adopt a cloud-first approach to its business, contracting with Amazon Web Services for a mass-migration of its IT architecture in a bid to drive its digital transformation strategy.

27 March 2019

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FSS acquires 46% stake in Standard Bank subsidiary Ecentric

Indian-headquartered Financial Software and Systems (FSS) has acquired a 46% stake in Standard Bank's South African payment processing subsidiary Ecentric.

11 March 2019

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