Standard Bank

Swift Sets Industry Up for Seamless Introduction of CBDCs for Cross-Border Transactions as Interlinking Solution Finds More Use Cases

Retrieved on: 
Monday, March 25, 2024
Carriers and Services, Technology, Professional Services, Payments, Electronic Commerce, Blockchain, Security, Networks, Internet, Fintech, Mobile, Wireless, Deutsche Bank, CLS Group, Automation, Savings bank, Standard Bank, Growth, United Overseas Bank, DVP, Tokenization, ANZ, Westpac, Risk, Sumitomo Mitsui Banking Corporation, Digital asset, Public policy, Intesa Sanpaolo, CBDC, Community business development corporation, Commercial, DTCC, Standard Chartered, DLT, NatWest Group, Ecosystem, HSBC, FX, CLS, DBS, Commercial bank, Cryptocurrency

Swift’s solution has already been shown to enable cross-border transfers and connect CBDCs on different networks with each other, as well as with fiat currencies.

Key Points: 
  • Swift’s solution has already been shown to enable cross-border transfers and connect CBDCs on different networks with each other, as well as with fiat currencies.
  • The second phase of sandbox testing went further, exploring more complex use cases, using Swift’s solution to connect and orchestrate transactions across simulated digital trade and tokenised asset and FX networks, alongside CBDCs for payments.
  • Swift now plans to extend its solution to support a wider range of emerging digital networks in addition to CBDCs, such as platforms for tokenised deposits.
  • This will help to facilitate access and usage of CBDCs in the new complex world of digital payments.

Transformative Power of Technology: Digital Transformation Summit 2024 Set to Redefine South Africa's Tech Landscape

Retrieved on: 
Friday, March 8, 2024
Shift, Nation, Digital transformation, ICT, Algorithm, Blockchain, AI, Fertilizer, Capacity building, Internet of things, Digital electronics, African, Generative, Farmer, Digital, Standard Bank, Benefit, Fourth Industrial Revolution, CDO, ISACA, Private banking, Pesticide, Organization, Artificial intelligence, Web 3.0, Society, Agriculture, Potential, Absa Group Limited, Communication, Summit

The much-anticipated Digital Transformation Summit is set to take place on March 15, 2024, at the prestigious Sandton Convention Centre.

Key Points: 
  • The much-anticipated Digital Transformation Summit is set to take place on March 15, 2024, at the prestigious Sandton Convention Centre.
  • The 27th Edition of the Digital Transformation Summit, South Africa, aims to delve deep into how organizations are embracing digital transformation, navigating challenges across various technologies, and bolstering cybersecurity measures.
  • Dr. Thabiso Njongwe, Chief Digital Transformation Officer, Absa Group, will discuss "Sustainable Digital Shift in South Africa: Challenges, Opportunities, and Inclusivity."
  • Join us at the Digital Transformation Summit South Africa on March 15th at the Sandton Convention Centre to be part of this transformative event.

DeFi Technologies' Subsidiary Valour Inc. Announces Plans to Launch a Physical Backed ETP, the Valour HBAR Staking ETP in Collaboration with The Hashgraph Association (THA)

Retrieved on: 
Monday, January 22, 2024
Bitcoin, Carbon, Cryptocurrency, XETRA, University, The Company, DLT, IBM, OTC, POS, Electronics, ETP, Standard Bank, Deutsche Telekom, Dell, Organization, NEO, LG Electronics, THA

Hedera's Significance: Hedera is a leading decentralized and open-source public network, notable for its energy-efficient Proof-of-Stake (PoS) consensus mechanism.

Key Points: 
  • Hedera's Significance: Hedera is a leading decentralized and open-source public network, notable for its energy-efficient Proof-of-Stake (PoS) consensus mechanism.
  • Hedera is a decentralized, open-source, proof-of-stake public ledger that utilizes the leaderless, asynchronous Byzantine Fault Tolerance (aBFT) hashgraph consensus algorithm.
  • Valour also recently announced the launch of the 1Valour Bitcoin Physical Carbon Neutral ETP (ISIN: GB00BQ991Q22) on June 15, 2023.
  • Additionally, Valour offers fully hedged digital asset ETPs, with listings across European exchanges, banks, and broker platforms.

BancTrust & Co. Investment Bank Announces Launch of Affiliate in Nigeria

Retrieved on: 
Thursday, October 12, 2023
Senior, Veteran, Intelligence, Investment banking, Equity, Seun, SSA, Growth, Emerging market, City Developments Limited, International finance, Research, Corporate finance, Ayodeji Balogun, Standard Bank, Financial services, Renaissance Capital, Management, Bank

LONDON, Oct. 12, 2023 /PRNewswire/ -- BancTrust & Co. Investment Bank (BancTrust), the London-based Emerging Markets investment bank, announced the official launch of a new affiliate office in Lagos, Nigeria.

Key Points: 
  • LONDON, Oct. 12, 2023 /PRNewswire/ -- BancTrust & Co. Investment Bank (BancTrust), the London-based Emerging Markets investment bank, announced the official launch of a new affiliate office in Lagos, Nigeria.
  • Seun spent 12 years at Renaissance Capital where his last role was as Managing Director & Head of Investment Banking SSA.
  • Before that, he was a Senior Director & Head of the West Africa Investment Banking business, responsible for vision setting and executing the firm's regional investment banking strategy.
  • CEO Carlos Fuenmayor commented, "I am thrilled to announce the expansion of the BancTrust group in Africa.

BancTrust & Co. Investment Bank Announces Launch of Affiliate in Nigeria

Retrieved on: 
Thursday, October 12, 2023
Senior, Veteran, Intelligence, Investment banking, Equity, Seun, SSA, Growth, Emerging market, City Developments Limited, International finance, Research, Corporate finance, Ayodeji Balogun, Standard Bank, Financial services, Renaissance Capital, Management, Bank

LONDON, Oct. 12, 2023 /PRNewswire/ -- BancTrust & Co. Investment Bank (BancTrust), the London-based Emerging Markets investment bank, announced the official launch of a new affiliate office in Lagos, Nigeria.

Key Points: 
  • LONDON, Oct. 12, 2023 /PRNewswire/ -- BancTrust & Co. Investment Bank (BancTrust), the London-based Emerging Markets investment bank, announced the official launch of a new affiliate office in Lagos, Nigeria.
  • Seun spent 12 years at Renaissance Capital where his last role was as Managing Director & Head of Investment Banking SSA.
  • Before that, he was a Senior Director & Head of the West Africa Investment Banking business, responsible for vision setting and executing the firm's regional investment banking strategy.
  • CEO Carlos Fuenmayor commented, "I am thrilled to announce the expansion of the BancTrust group in Africa.

AFRICA MEETS KOREA IN PARIS FOR LANDMARK BUSINESS SUMMIT

Retrieved on: 
Thursday, September 14, 2023
Commissioner, Comoros, Corporate Affairs, African Continental Free Trade Area, Partnership, KCCI, Senior, SK Group, The Peninsula Hotels, Agriculture, Research, Samsung, Foreign Affairs, Government, Multilateralism, ROK, Ministry, GDP, Hyundai, South Korea, European Business Summit, Mining, UN, African Union, Growth, Standard Bank, African Union Commission, Ministry of Trade and Industry, Union, YG Future Strategy Office, Ban, POSCO, Peninsula Hotel, AU, World Trade Organization, Commerce, Drug, Management, Tourism, Cryptocurrency, Renewable energy, African

Top policymakers and business leaders from Africa and the Republic of Korea gathered in Paris on Tuesday to discuss regional integration, industrial productivity and ways to further economic growth and cooperation.

Key Points: 
  • Top policymakers and business leaders from Africa and the Republic of Korea gathered in Paris on Tuesday to discuss regional integration, industrial productivity and ways to further economic growth and cooperation.
  • The theme for the business summit was 'Africa-Korean partnership in an era of great transformation.'
  • The Korean government plans to host the Korea-Africa Summit in 2024 in Korea.
  • Also, Mr. Choi mentioned 2024 Korea-Africa Summit and urged Africa to support 2030 Busan EXPO which would be a significant business opportunity to Africa.

Stablecoin Studio, an open source SDK, now available on the Hedera network, enabling any organization to easily build stablecoin applications

Retrieved on: 
Wednesday, September 13, 2023
Cloud, JSON, CBZ Bank Limited, PayPal, Third party, KYC/AML, Solution architecture, POC, Standard Bank, Library, Organization, Web3, Apache, USD, Taiwan Association for Human Rights, Reserve, Growth, Entrepreneurship, Safety, J. P. Morgan, Defender, API, Trust, Architecture, CertiK, FX, Ellipse, Elliptics, Relay, CLI, SCB, SDK, React, Oracle, TypeScript, AML, Axiom, Terra, Ecosystem, Cathay United Bank, Cryptocurrency, Shinhan Bank, Hedera, Blockchain, Engineering, Circle, Lead

SINGAPORE, Sept. 13, 2023 /PRNewswire/ -- Token 2049 -- Stablecoin Studio, an open-source stablecoin issuance and management toolkit that makes it easy for Web3 stablecoin platforms, institutional issuers, enterprises, and payment providers to build stablecoin applications using Hedera network services, is now available on the public Hedera network. Stablecoin Studio provides organizations worldwide with an all-in-one toolkit that enables stablecoin issuers to quickly configure, issue, and manage bespoke stablecoins on the Hedera network. The toolkit offers oracle-based proof-of-reserves functionality, commercial custody provider integration points, and easily configured KYC/AML compliance functionality. Made available by Hedera, Swirlds Labs, The HBAR Foundation, and ioBuilders, Stablecoin Studio is open sourced on Hedera under an Apache 2.0 license.

Key Points: 
  • Stablecoin Studio provides organizations worldwide with an all-in-one toolkit that enables stablecoin issuers to quickly configure, issue, and manage bespoke stablecoins on the Hedera network.
  • Made available by Hedera, Swirlds Labs, The HBAR Foundation, and ioBuilders, Stablecoin Studio is open sourced on Hedera under an Apache 2.0 license.
  • "Having used Stablecoin Studio in our recent remittance POC, we are excited to see this toolkit released to the open source community.
  • We look forward to paving the way for the next stage of stablecoin development in the region, leveraging the groundbreaking Stablecoin Studio."

CCA, AGF, and UNCDF Launch Partnership to Mobilize $100 Million for Clean Cooking

Retrieved on: 
Monday, September 11, 2023
Business development, Partnership, United Nations Capital Development Fund, UNCDF, Policy, Sistema, Multimedia, CCA, AGF, Organization, Spanish Agricultural Guarantee Fund, Investment, ACS, Cooking, UN, Climate, ESG, Standard Bank, Foreign policy, Ecosystem, Clean Cooking Alliance, Environment, Renewable energy, Cryptocurrency

NAIROBI, Kenya, Sept. 11, 2023 /PRNewswire-PRWeb/ -- Leaders in finance and global development launched a partnership at the Africa Climate Summit (ACS) that aims to help close the massive funding gap for clean cooking while also helping to de-risk investment into the sector.

Key Points: 
  • The Partnership Platform for Clean Cooking Finance aims to help close the massive funding gap for clean cooking, de-risk investment into the sector, and create greater opportunities for investment.
  • "This new financing platform can help close the financing gap, mobilizing and de-risking new investments at the scale required to rapidly accelerate access to clean cooking."
  • - Jillene Connors Belopolsky, Chief of Staff and Chief External Affairs Officer, CCA
    The new Partnership Platform for Clean Cooking Finance, announced by the Clean Cooking Alliance (CCA), African Guarantee Fund (AGF), and United Nations Capital Development Fund (UNCDF), aims to mobilize US $100 million for clean cooking by 2026, seeking to bring together a range of ecosystem players from across carbon and clean cooking markets to de-risk investments and create greater opportunities for investment.
  • Vincent Wierda, Global Energy Lead, UNCDF: "UNCDF has been supporting clean cooking companies through results-based finance grants and concessional loans, but we need to accelerate progress.

Tingo Group Announces Completion of Investigation Into Allegations Made Against the Company in Short-Seller Report and Issues its Response

Retrieved on: 
Wednesday, August 30, 2023
Insurance, Communication, Marketing, Farmer, Standard Bank, Visa, Acquisition, MD, Glo (company), Hindenburg Research, Quarter, National Communication Authority of Somalia, Gordon Ramsay's Bank Balance, Organization, TIO, Caterpillar, Hindenburg, Communications and Utilities Regulatory Authority, Record, Food, Form, Nigerian Communications Commission, Workforce, Partnership, Bank statement, Dala, Bank, National Communications System, Food delivery, Mobile phone, Online shopping, Cryptocurrency, Bookkeeping, Tingo District, Bharti Airtel, MTN

The Company’s outside counsel then conducted its own investigation into the allegations, which included following up on the items identified by independent counsel.

Key Points: 
  • The Company’s outside counsel then conducted its own investigation into the allegations, which included following up on the items identified by independent counsel.
  • Resignation of Director: Christophe Charlier was a co-Chairman of OTC-listed company, Agri-Fintech Holdings, Inc., which sold Tingo Mobile Limited to the Company on November 30, 2022.
  • Tingo Foods Revenue and Operating Margin: The revenue reported by Tingo Foods in Q1 2023 and its operating margin of 24.8 % has been confirmed.
  • The two farming cooperatives referenced in the Hindenburg report were Kebbi and Ailoje, to which Tingo Mobile has leased 4.5 million and 4.844 million phones respectively.

Standard Bank and HUAWEI Mobile Services Collaborate to Empower Digital Banking Solutions for Clients in South Africa

Retrieved on: 
Tuesday, July 18, 2023
SAB, Partnership, Interview, FAB, Private, Electricity, SNB, Organization, HUAWEI, Huawei AppGallery, ADCB, Huawei Mobile Services, Standard Chartered, Growth, Digital, HMS, Standard Bank, Mobile phone, Huawei, Naif Saleh Alrajhi, Alinma Bank

DUBAI, UAE, July 18, 2023 /PRNewswire/ -- Standard Bank, a leading financial institution in South Africa, has embarked on a strategic collaboration with HUAWEI Mobile Services (HMS) to provide cutting-edge digital banking solutions to its clients in South Africa.

Key Points: 
  • DUBAI, UAE, July 18, 2023 /PRNewswire/ -- Standard Bank, a leading financial institution in South Africa, has embarked on a strategic collaboration with HUAWEI Mobile Services (HMS) to provide cutting-edge digital banking solutions to its clients in South Africa.
  • Belinda Rathogwa, Executive Head: Digital and eCommerce for Personal and Private Banking at Standard Bank South Africa, shared valuable insights on the collaborative efforts during a recent interview.
  • According to Rathogwa, the collaboration between Standard Bank and HUAWEI Mobile Services South Africa is aimed at offering seamless digital banking experiences to clients who access the Standard Bank banking app through Huawei devices.
  • With many of our clients accessing the Standard Bank banking app through Huawei devices, we identified the importance of partnering with Huawei to provide clients with digital banking solutions for their needs.