Standard Bank - News, Articles & Research

Standard Bank picks Volante for Africa-wide payments overhaul

African giant Standard Bank is moving its payments infrastructure to Volante's cloud Payments-as-a-Service (PaaS), accelerating ISO 20022 adoption on the continent.

29 October 2024

Company announcement/payments

Float secures $11 million in funding

Standard Bank has provided an $11 million facility to fintech Float, which will facilitate the rollout of its card-linked instalment platform, supporting its accelerated growth plans over the next four years.

20 March 2024

Company announcement/payments

Standard Bank selects TCS for custody consolidation project

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) expanded its partnership with the Standard Bank Group (SBG), the largest custodian in Africa, to centralize and standardize its custody and securities settlement operations in over 15 markets with the TCS BaNCS™ Global Securities Processing Platform.

26 September 2023

Company announcement/wholesale

Standard Bank partners DP World to expand trade finance in Africa

Standard Bank, the largest bank in Africa by assets, has partnered with DP World, a global leader in supply chain solutions, to offer trade finance solutions jointly with DP World Trade Finance. This partnership will help in closing the gap in unmet demand for working capital on the continent.

29 May 2023

News/payments

South Africa readies for real-time low value payments

South Africa's top four banks are to begin the roll out of Payshap, a low value, interbank, real-time digital payments service aimed at increasing financial inclusion to the underbanked segement.

01 November 2022

Company announcement/people

Standard Bank Group reverses Covid-19 vaccination policy

With 95% of its employees vaccinated, Standard Bank South Africa has withdrawn its COVID-19 vaccination policy with immediate effect.

12 July 2022

News/retail

Standard Bank launches free virtual internships for students

South Africa's Standard Bank is launching a free virtual internships initiative, enabling students from across the country to gain financial industry skills and experience.

08 July 2022

Company announcement/cloud

Standard Bank employs AWS technology to boost Shari’ah Banking services

Standard Bank, which offers a range of Shari’ah-compliant banking solutions, is introducing a dedicated call centre line for its Shari’ah banking customers, which is powered by cutting-edge technology and promises to provide customers with personalised and efficient customer service experiences.

17 March 2022

Company announcement/sustainable

Standard Bank helps clients source alternative means of energy production with PowerPulse

Standard Bank Group is powering real impact with its latest offering: PowerPulse, an innovative digital platform designed and built to transform the way we produce, deliver and consume energy in South Africa, and in time, across the African continent.

22 February 2022

News/retail

Standard Bank launches platform to get working capital to African MSMEs

Standard Bank is working with fintech Nomanini and food giant Nestlé on a digital platform that gets working capital to underbanked informal retailers in sub-Saharan Africa.

18 January 2022

News/crypto

Standard Bank and Shinhan Bank to test cross-border stablecoins

Shinhan Bank in Korea and Standard Bank in South Africa are to test the use of stablecoins for cross-border remittances using the decentralised public ledger Hedera Hashgraph.

30 November 2021

Company announcement/payments

Standard Bank enables UnionPay contactless payments across South Africa

Standard Bank South Africa (SBSA) and UnionPay International (UPI) jointly announced that Standard Bank point-of-sale devices have been enabled for UnionPay contactless payment.

10 November 2021