Standard Bank Group CEO Sim Tshabalala Standard Bank Group will invest as much as US$200-million in OPay, the Nigeria-focused fintech that filed on Friday to list its shares in New York. Standard Bank said it had signed a subscription agreement but did not disclose the amount. That detail is in the registration statement OPay filed…
Standard Bank and Huawei executives signing a strategic cloud partnership agreement Standard Bank has deepened its strategic technology collaboration with Huawei as the group accelerates the modernisation of its banking platforms to support growth, innovation and greater financial inclusion across the continent. Announced at Huawei Connect 2026 in Shanghai, the expanded partnership will focus on…
For #WomensMonth, we speak to Standard Bank’s Linda Oniwe, senior vice president for technology, media and telecommunications (TMT) in corporate and investment banking, about her career in dealmaking, the role of technology in Africa’s development and the importance of creating opportunities for women in the sector. Linda Oniwe | image supplied With more than a…
Standard Bank Group reported technology costs of R11.83-billion in its banking operations for the six months to 30 June, up just 2% on the R11.62-billion a year earlier – 3% growth in constant currency – in a period in which it said almost three-quarters of its staff were active users of generative AI tools. The…
Big-four bank Standard Bank’s IT spend reached R11.8 billion for the six months ended 30 June. Standard Bank Group says 72% of employees were active users of generative artificial intelligence (AI) tools, as of 30 June, with 87 use cases approved. This, as the bank continues to scale the deployment of technology and AI across…
Fezile Dali, CIO for business and commercial banking at Standard Bank Group. (Image: supplied) Data and artificial intelligence (AI) are key priorities for Standard Bank’s business and commercial banking (BCB) unit, as it looks to unlock the promise of AI and generative AI. So said Fezile Dali, CIO for BCB at Standard Bank Group, in…
Helios Towers operates one of Africa’s independent telecommunications tower platforms. Standard Bank, Africa’s largest bank by assets and market capitalisation, has partnered with Helios Towers to provide a $29 million (R479 million) Social Documentary Credit Facility. According to the financial services company, this transaction marks Standard Bank’s first Documentary Credit Facility structured in a Sustainable…
Standard Bank has become the first African-based lender authorised to clear renminbi transactions on the continent, a step that deepens the financial plumbing connecting Africa to China and moves more of their trade off the US dollar. The bank, the largest in Africa by assets, said on Friday it had been jointly authorised with the…
Recently, Changan Automobile held the national qualifying rounds of the 2nd CHANGAN Middle East & Africa (MEA) Service Skills Competition across four key markets: Saudi Arabia, Kuwait, Egypt, and Oman. The competitions drew around 60 service professionals from over 40 authorized outlets, with the top performers advancing to the Regional Final. With over 40 years…
Standard Bank Connect aims for eSIM to be a meaningful share of its subscriber base by the end of 2026. Mobile virtual network operator (MVNO) Standard Bank Connect has introduced its eSIM offering. An eSIM is a digital SIM embedded directly into compatible smartphones and devices. It allows customers to activate mobile services digitally and…
