Standard Bank

Blockchain: a world of possibilities

Amid the hype around distributed ledger technology and blockchain it can seem they are technologies looking for solutions. In the heavily paper-based business of trade finance, such technology looks promising and progress is being made elsewhere.

Correspondent banking: it takes two to tango

The global correspondent banking network is under pressure in several countries as some financial institutions close relationships. While financial inclusion continues to climb the agenda of regulatory authorities and financial institutions pledge their support, the de-risking taking place in correspondent banking threatens to scupper inclusion.

South Africa’s big four banks spend IT big

The big four retail and commercial banks in South Africa – Standard Bank, Absa/Barclays Africa, FirstRand and Nedbank – have been upping their games in information technology (IT) expenditure.

Standard Bank launches banking app to four African markets

Standard Bank in South Africa has launched its existing banking app to four additional African markets. The app is now available in Uganda, Namibia, Ghana and Botswana; with plans to roll it out to Nigeria, Kenya, Zambia and Zimbabwe by the end of 2016. The latest development is part of its drive to “enhance its […]

Africa the next growth story

The rise of an emerging middle class in Africa is transforming the continent as a group of 11 African nations power past the $1 trillion GDP mark. With tens of millions expected to rise out of poverty in the next decade, it is also providing compelling new opportunities for banks, according to Standard Bank of South Africa.

Standard Bank launches West Africa expansion drive via Côte d’Ivoire

Standard Bank of South Africa has launched a major expansion drive in West Africa, starting with the opening of a new representative office in the Côte d’Ivoire. The bank plans to use the Abidjan office to become familiar with the region and identify further opportunities within it.