Standard Bank to add branches in Pick n Pay stores

SOUTH AFRICA – Standard Bank is putting in-store branches in select Pick n Pay stores, making it the second bank to piggyback on the retail giant’s presence across South Africa. This comes as research shows bank clients still want human interaction, preferring digital banking services to be complemented by human interaction at the point of need. In 2019, TymeBank partnered with Pick n Pay to house its over 700 kiosks which have helped the digital bank onboard customers and print their bank cards, giving it some sort of physical presence across the country. Standard Bank…

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Standard Bank collaborates with Transaction Capital to drive smarter payments

SOUTH AFRICA – Standard Bank, Africa’s largest financial services institution, has collaborated with Transaction Capital to develop an intelligent data solution that will empower businesses with a deeper understanding of consumers’ payment and transaction behaviours. Coined AUTHENTIFI, the value proposition is designed to assist businesses to enhance risk management, optimise cost and efficiencies, and improve cash flow and collection success ratios.Currently, businesses source different data elements from a combination of their own sources and various external providers including credit bureaus. At present, there is no existing offering in the market…

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Microsoft partners Standard Bank for its digital transformation and continental growth

AFRICA – Standard Bank and Microsoft have announced a strategic partnership to accelerate the digital transformation of Africa’s largest financial institution and further drive the continent’s growth. According to a statement by Microsoft, creating a digital platform, application modernisation and cloud migration of the continent’s largest financial institution will enable innovation, resilience and cost-efficiencies allowing Standard Bank to respond to customer needs. The Bank’s growing investment in the Microsoft Cloud will enable the innovation, efficiencies, and resilience required to respond to market dynamics and customer needs. “Investing in the cloud…

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