Money Market

Access/Diamond Deal Boosts Large Banks’ Dominance in Nigeria-Fitch

16/1/2019/Fitch Ratings The two-tier nature of Nigeria’s banking sector will be amplified by the merger of Access Bank and Diamond Bank, which will result in the five largest banks having more than 60% market share measured by assets, Fitch Ratings says. The merger, due to be completed by end-June, is […]

How Leo Won a Million Hearts in 12 months

February 5, 2019/UBA Plc With ever-increasing customer expectations of quick service and near real-time transactional support, United Bank for Africa (UBA) committed resources to Artificial Intelligence (AI) a year ago, birthing Leo, a Banking Chatbot that helps customers carry out key banking transactions anywhere, using mobile devices and personal computers.   […]

UBA’s LEO Hits over 1 Million Users

February 5, 2019/UBA Plc United Bank for Africa (UBA Group) kicked off the first session of the week-long Social Media Week Lagos 2019 with the announcement that its chatbot Leo now covers 17 African countries and has one million subscribers. Leo was launched in January 2018 to enable customers of […]