March 12, 2018/Heritage Bank Ltd Heritage Bank Plc, Nigeria’s most innovative banking service provider has taken a bold step to revolutionalise the banking sector with the introduction of an advanced intelligent digital experience known as Octopus. The solution which is full-fledged digital bank, has been described by financial technology experts […]
Money Market
CBN Direct Banks to Open Customer Help Desks to Resolve Complaints
March 9, 2018/CBN We have observed, with concern, the significant increase in the number of complaints the Central Bank of Nigeria (CBN) receives from customers of financial institutions especially deposit money banks’ customers on various banking products and services. The complaints range from allegation of excess charges, unauthorized deductions, excess […]
China’s Latest Bank Regs May Support Debt Resolution
8/3/2018/Fitch Ratings Chinese authorities’ reported plans to relax provisioning requirements and broaden the scope of eligible capital instruments provide greater scope for banks to migrate non-loan and off-balance-sheet assets into loans, says Fitch Ratings. The lower provision requirement would also allow banks to accelerate loan impairment recognition. Tight regulations on […]
