Latest Standard Bank News: Finextra Research

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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Standard Bank gears up for go live of payments blockchain

Standard Bank of South Africa is preparing for the go-live of a private permissioned blockchain payment system for conducting overseas foreign exchange trades on behalf of corporate clients.

28 February 2019

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Mastercard acquires Oltio from Standard Bank

Furthering its ambitions to displace cash in emerging markets, Mastercard has acquired mobile payments technology company Oltio from South Africa's Standard Bank.

06 March 2018

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Standard Bank snaps up mobile payments outfit

South Africa's Standard Bank has bought a majority stake in Firepay, the local startup behind popular QR code-based mobile payments service SnapScan. Financial terms have not been disclosed.

13 December 2016

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Yakuza arrested over massive ATM heist

Japanese police have arrested 11 men, including a Yakuza, in connection with the theft of Yen1.8 billion ($17.3 million) from cash machines across the country in a co-ordinated two-hour raid in May.

04 August 2016

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South Africa sets standard for fingerprint banking

South Africa's payments body has released a standard to enable biometrics to be used on payment cards and to herald what it hopes will be an industry-wide roll-out of fingerprint banking.

27 July 2016

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WeChat launches mobile wallet in South Africa

WeChat, the social messaging app developed by Chinese e-commerce outfit Tencent, has launched a mobile wallet service in South Africa in partnership with Standard Bank.

26 November 2015

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Meet the 50-year old millennials

Forget millennials, banks should be focusing their efforts on a new breed of 'digital natives' who transcend age boundaries and have fundamentally different expectations about their financial services needs, according to a study conducted by innovation agency Claro and Anthemis on behalf of six top banks.

21 September 2015

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Standard Bank builds PlayRoom to push startup culture

South Africa's Standard Bank has opened an innovation centre in Johannesburg in an effort to foster a startup culture.

29 January 2015

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