Banking systems around the world have evolved over the years from simply safekeeping and trusted independent entities that serve different clusters of society to one-stop destinations that facilitate all financial needs and beyond, with no exception in the Bangladeshi context. Banking in Bangladesh is no longer just about transactions but provides comprehensive financial advisory services,…
Kampala, Uganda | Michael Jjingo | In the recent past, several Ugandan commercial banks are slowing down the opening of new branches. More than 75% of retail banking transactions are now digital. The bank branch growth is indeed “going south.” Brett King wrote, “And there’s no reason to assume we’ll see a resurgence of activity at…
Misr Digital Innovation, a subsidiary of Banque Misr, has received preliminary approval from the Central Bank of Egypt to launch the country’s first native digital bank, onebank. Digital banks are influenced by the recent technological innovations of artificial intelligence, encryption and big data analytics, enhancing banking functions for customers. onebank will provide customers with fully…
Kwami Ahiabenu Open banking is breaking down the walls of silos within the financial sector. Historically, banking was designed to be conservative and highly compartmentalised to safeguard funds and maintain customer trust. Over time, technological advancement has radically transformed banking into an open field characterized by multiple innovations. Today, banks are competing…