Tag: Digital Banking
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COOs Behind Nigeria’s Fintech Boom: Meet the Operators of the Top 5 Platforms
Introduction: The quiet drivers of Nigeria’s fintech ascendancy As Nigeria’s fintech scene surges, the leadership that often goes unseen is the Chief Operating Officer. While founders and CEOs generate the vision, COOs translate that vision into scalable, reliable operations. In the country’s five most influential fintech platforms—Opay, Flutterwave, Paystack, Paga, and Kuda Bank—the COO role…
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3-Hour Cheque Clearance: RBI and Banks Roll Out Cheques
What is changing with 3-Hour Cheque Clearance? India’s cheque processing landscape is evolving. The Reserve Bank of India (RBI) has introduced a 3-hour cheque clearance framework, aiming to convert cheque deposits into available cash within a few hours rather than the traditional 24- to 48-hour window. This shift could significantly improve cash flow for individuals…
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RBI CCS: Cheque Clearing in Hours, Not Days
RBI CCS: Cheque Clearing in Hours, Not Days The Reserve Bank of India (RBI) is rolling out a tech-driven upgrade in cheque processing called the Continuous Cheque Clearing System (CCS). This system aims to replace the traditional, time-consuming cheque clearing with a faster, more predictable timeline. The rollout is being implemented in two phases, with…
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Government Banks Aiming for Top 20 Global Ranking
Introduction In a move aimed at transforming India into a developed nation by 2047, significant changes are underway in the banking sector. The ambition is to elevate two of India’s government banks among the top 20 banks globally, marking a pivotal shift in the country’s financial landscape. The Vision for 2047 The drive to include…
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Snappi: The New Greek Neobank Offering 3% Interest Rate
Introduction to Snappi In a landscape where digital banking is transforming the way we manage our finances, Snappi, Greece’s first neobank, is setting a remarkable precedent. Launched by the collaboration between the Bank of Piraeus and Natech, Snappi is licensed by the European Central Bank (ECB) and aims to make banking simple and advantageous for…
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Swedbank Lowers Swish Transfer Limits to Combat Fraud
Swedbank is making headlines with its recent decision to lower the maximum transfer limits for Swish, the popular payment app widely used across Sweden. This significant change aims to enhance security measures against fraud, a growing concern in today’s digital banking landscape. For those who have become accustomed to swiping away funds with ease using…