Updates

The Slow Boat to FX Reform

Culled—Proshare November 30, 2016/FBNQuest Research Nigeria’s proposed floating exchange-rate regime will not emerge until large and steady supplies of fx from autonomous sources complement the CBN’s modest sales to the market. At this point, confidence would return, offshore players would re-enter local securities markets in sizeable numbers and fx would […]

Mastercard Rolls Out Artificial Intelligence Across its Global Network

November 30, 2016/MasterCard Mastercard today introduced Decision Intelligence, a comprehensive decision and fraud detection service. The solution uses artificial intelligence technology to help financial institutions increase the accuracy of real-time approvals of genuine transactions and reduce false declines. This is the first use of AI being implemented on a global […]

Societe Generale partners with American Express in Africa

November 30, 2016/Societe Generale. Societe Generale (www.SocieteGenerale.com) announces that it has signed a merchant acquiring partnership with American Express (www.AmericanExpress.com) in eight countries in Sub-Saharan Africa where the Bank operates. These countries include Benin, Burkina Faso, Cameroon, Chad, Guinea, Ivory Coast, Madagascar and Senegal. The agreement involves both online sales […]