#banks

The federal government of Nigeria has issued a directive to banks in response to the identification of individuals and companies suspected of financing terrorism. This measure aims to enhance the monitoring and regulation of financial transactions related to these suspects.

According to TechCabal, South Africa's largest banks are adopting mobile services to enhance customer engagement and expand their user base. This shift is seen as a strategy to generate new revenue streams amid a stagnating banking market, as banks aim to integrate more deeply into customers' daily digital activities.