Sparks are flying across the treasury landscape in Africa as digital cash management and e-payments become the order of the day. Dushen Thathiah, Head, Cash Management for...
African trade stands on the cusp of a revolution. As a result of bank-led trade initiatives, regulatory standardisation, new technologies, and fintech partnerships, African trade...
Africa’s foreign exchange (FX) market may be fragmented, but it is also unencumbered by legacy trading infrastructure. It...
Culture and digital evolve eco-synergies in African banking
Standard Bank has joined the powerful R3 network of over 75 global financial services players to enhance their exploration into blockchain solutions.
SnapScan is used by hundreds of thousands of customers, at a national network of more than 32 000 physical and online merchants.
Custodian banks of today in the African markets have evolved from being passive, reactive players in the market to proactive and driving forces in market changes.
Corporates remain ever-interested in high growth emerging markets. Currently a large number of the world’s high-growth emerging markets are in Africa.
There is still interest from multinational companies to expand into Africa due to the higher growth rates on offer than elsewhere in the world, but expectations around more sophisticated solutions are much higher than they were in the past.
The app allows account holders to view balances and transaction history on a smartphone, and also make cross-currency payments between their Standard Bank accounts.
Standard Bank Group, Africa’s leading bank by assets, collected 22 awards in the EMEA Finance’s Treasury Services Awards and Global Finance’s World’s Best Bank Awards, both for 2015. The awards were presented at the Sibos conference in Singapore.
Standard Bank has appointed Jonathan Peake to the role of Chief Financial Officer with responsibility for the Finance and Treasury teams across the group’s offshore business in Jersey, Isle of Man and Mauritius.
Greater levels of trade will fuel Africa’s growth but companies need to be better positioned to seize the opportunities by improving their working capital management capabilities and access to finance to fund these opportunities, says Standard Bank.
According to the African Development Bank’s recent report on trade finance in Africa, the conservative estimate for the value of unmet demand for bank-intermediated trade finance is between US$110 billion and US $120 billion, which is significantly higher than earlier estimated figures of US$25 billion.
New technologies and innovations promise more efficient and cost-effective trade finance for corporates and their suppliers.
Three industry experts highlight key considerations for treasurers looking to optimise the use of excess cash, maximise yield, and manage risk.
Dick Oskam (ING) considers the key drivers for centralisation and the solutions available to treasurers with a special focus on on-behalf-of structures.
By using our website, you agree to our cookie policy