As digital banking accelerates, Nedbank is redesigning physical touchpoints rather than abandoning them altogether. Nedbank is testing a new hybrid banking model that combines self-service technology, digital on-boarding and human assistance in retail environments, as banks rethink the role of traditional branches. The big-five bank has introduced a pilot Client Connect Zone, with deployment into…
Outgoing Nedbank COO Mfundo Nkuhlu. Outgoing Nedbank chief operating officer (COO) Mfundo Nkuhlu says the bank’s years-long investment in modernising its technology infrastructure has positioned it to embrace artificial intelligence (AI), as digital capabilities become central to the future of banking. Speaking to ITWeb following the announcement of his retirement after more than two decades…
Mfundo Nkuhlu, Nedbank COO. Mfundo Nkuhlu, chief operating officer (COO) of Nedbank Group and executive director of Nedbank Group Limited and Nedbank Limited, has elected to take early retirement at the end of the year, having reached the age of 60. In a statement, the bank says Nkuhlu joined Nedbank in April 2004 as managing…
Incoming Nebank CIO Nikos Angelopoulos Nedbank has appointed Nikos Angelopoulos, formerly MTN Group’s group CIO, to the same role at the bank, which has been without a permanent technology chief since the end of January. Angelopoulos starts on 1 September and joins the group executive committee. He ran technology at MTN from July 2018 until…
Nikos Angelopoulos, Nedbank Group CIO. Nedbank has appointed Nikos Angelopoulos as its new group chief information officer (CIO), effective 1 September. Angelopoulos joins the bank from MTN Group, where he has served as group CIO since 2018. In that role, he was responsible for IT strategy, investments, delivery and governance across MTN’s 16 markets, supporting…
Buried in the partner list of a new consortium building a dollar currency for the machine economy – backed by Visa, Mastercard, Stripe and BlackRock – are three familiar names: FNB, Absa and Nedbank. South Africa’s banks have quietly joined the most ambitious attempt yet to solve a problem the internet has ignored for 30…
Jumo has announced a partnership with Nedbank to roll out the Nedbank Quick Loans service in SA. (Image source: 123RF) AI-powered banking technology firm Jumo has partnered with Nedbank to launch Nedbank Quick Loans, a short-term loan service for the South African market. The partnership combines Nedbank’s lending expertise and brand with Jumo’s real-time lending infrastructure…
Mutsa Chironga, managing executive for personal banking at Nedbank Nedbank has partnered with fintech Jumo to launch a digital short-term lending product inside its Money App, the two companies said on Thursday, pitching the service at millions of South Africans underserved by traditional credit providers. The product, branded Nedbank Quick Loans, lets clients apply through…
Nedbank CIO Ray Naicker Former Nedbank CIO Ray Naicker will soon join BSP Financial Group as CIO. BSP is the largest bank and financial services provider in Papua New Guinea (PNG) and the South Pacific region. TechCentral reported in January that Naicker had resigned from his position at Nedbank, a company he had served for…
Nedbank has partnered with Crypto.com to roll out payment, settlement and liquidity solutions in Africa. Nedbank has partnered with global crypto-currency exchange Crypto.com to develop blockchain-based payment, settlement and liquidity solutions across Africa. As global trade evolves, Africa’s reliance on legacy payment rails has introduced significant challenges – including high settlement costs, currency volatility and exposure…
