D Money Bangladesh Ltd’s Post

Steps on How to Manage Conflict in a Chama 1. Plug in Circles to your business That's it! One of our most frequently asked questions is how we avoid conflict and people dropping out of Circles - our digital Chamas. Circles were designed with three built-in methods of maintaining the security of the Circle Members whilst keeping the default risk extremely low. Identifying and managing 'riskier' Members whilst creating an engaged online community is the key to our success. Connect with Lucy Mullins and Matthew Addison if you'd like to know more about how we could help you start or grow your digital Chamas and avoid the conflict commonly found in offline groups. #chama #digitalsaving #savingsgroup #rosca #circleit #banking #financegroup #fintech

Old Mutual granted approval to establish a bank The Sandton-based financial institution says it will now officially shift from “bank build mode” to commence a “strict and rigorous industry testing phase” with selected bank #partners. Should this #testing period be devoid of errors, the group will endeavor to integrate its new offering into the country’s #National #Payments #System. Iain Williamson, Old Mutual’s CEO, stated that the recent approval to establish a bank is a “material catalyst” in the group’s “strategic delivery journey”. “It accelerates the fulfilment of our strategic choice to build an Integrated Financial Services business,” added Williamson. #bankinginafrica #oldmutual #financialservices #ventures #financialinclusion #southafrica #fintechafrica https://lnkd.in/eYC2hZCx

Great solutions for finance institutions, SACCOs in Malawi. Collaboration, partnership for digital transformation in Malawi and beyond. Lets work together. Get in touch #angledimension #inq #inqEdge #inqdigital #fintech #financialinclusion #DigitalTransformation 💪💪💪

In a recent update, the Banking Mohtasib Pakistan has amended the Banking Companies Ordinance to enhance customer service. The change shortens the timeframe for banks to resolve customer complaints from 45 days to 30 days, ensuring faster grievance resolution. Customers can escalate unresolved complaints to the Banking Mohtasib within 30 days, with provisions for considering delayed complaints if valid reasons are provided. #BankingMohtasib #CustomerService #BankingOrdinance #PakistanBanking #FintechNews #CustomerExperience #BankingRegulations #ComplaintResolution #FinancialServices #Pakistan #CxOGlobalForum #CxONews

Access Bank Plc has finalized the acquisition of African Banking Corporation (Tanzania) Limited, marking a significant milestone in its strategic expansion efforts. In a statement released on Monday, Access Bank highlighted that the acquisition, initially announced in July 2023, aligns with its ambition to emerge as the preeminent African bank globally. Tap the link in our bio to read more. #AccessBank #Banking #Tanzania #financialnews

FDH Bank plc has etched its name in Malawi’s financial history books by introducing the pioneering FDH Salama Banking solution, marking a significant leap as the country's first Islamic banking facility. Guided by the principles of Sharia law, this innovative banking model prioritizes profit and loss sharing while eschewing interest payments. "Nothing thrills us more than pioneering this initiative," declared FDH Bank's Managing Director, Noel Mkulichi, underscoring the strategic importance of FDH Salama Banking in the bank’s growth trajectory. "Our research and consultations revealed a neglected segment within the banking sphere. Thus, we are taking this bold stride to serve this marginalized community." More: https://lnkd.in/dBHzzhMX

Searching for an alternative to 'shareholder owner' model in banking governance. If a reasonable alternative is a far-off cry, the search will be for ways to ensure that such an 'ownership' model can be made to serve depositors' interes. As a newly assigned Independent Director in the reconstituted Board of IFIC bank in Bangladesh, I look orward to receiving tips for better governance of the banking system in Bangladesh. Thanks.

The sooner you understand the role of infinite banking in the flow and warehousing of money, the better your chances are of creating wealth. https://lnkd.in/ggupkxhu #NelsonNashInstitute #InfiniteBankingConcept #dofinancial #ibcanadagroup #ibcanada

💸 dLocal has entered into a #partnership agreement with the KCB Bank Group, expanding its presence and solutions to #Kenya. Read more here: https://buff.ly/3zexwgr #thepaypers #paymentsnews #financialnews #crossborderpayments #remittances #internationalpayments #growthmarket #payments

And it begins: THE 2024 BANKING RECAPITALIZATION EXERCISE. After so much anticipation, the CBN has finally rolled out the new minimum capital requirements for commercial, merchant, and non-interest banks in Nigeria. Earlier in Q4 of 2023, the CBN governor, Dr. Olayemi Cardoso, hinted at the need for the Nigerian banks to shore up their capital for resilience and the ability to support the growth of the Nigerian economy. On March 28, 2024, the CBN released a guideline for this exercise. Highlights of the exercise include: ·        The directives extend to merchant and non-interest banks. ·        Only paid-up capital and share-premium are allowed to form part of the new capital; shareholders' funds will not be part of it. ·        Additional Tier 1 capital shall not also be eligible to meet the new requirement. ·        The deadline for the exercise is March 31st, 2024. ·        Banks are required to submit an implementation plan to CBN no later than April 30, 2024. Interesting times lie ahead for the industry and its stakeholders.