ACB Caribbean’s Post

The process to open a Mutual bank in South Africa: To open a mutual bank in South Africa, you must follow these steps: 1. Apply for a banking license: Submit an application to the Prudential Authority to apply for a banking license. 2. Section 13 approval: Receive approval from the Prudential Authority to proceed with the application for a banking license. 3. Registration: Register the bank with the Prudential Authority, which includes a registration process under the Mutual Banks Act. 4. Section 16 submission: Submit an application for registration of the bank, which includes an independent verification of banking systems and processes. 5. Section 17 submission: Notify the industry of the intention to test the national payments system. 6. Testing and approval: Complete the testing of the national payments system and receive final approval from the Prudential Authority. 7. Launch: Launch the mutual bank, which can accept retail deposits and offer savings and loan products.

From the SGMA RRA Team: We are pleased to share this proprietary SGMA transaction case analysis (TCA), detailing a strategically important transaction that brings implications for both transaction structure (a minority interest among strategically compatible parties as compared to an immediate full consolidation) and future Canada - U.S. banking industry consolidation. In respect of the latter, we see a potential strategic coincidence of (i) Canada bank capacity perhaps increasingly exceeding local market investment opportunities, and (ii) certain U.S. banks, too large to be domestic-only in their scope and client service capabilities, considering growth and diversification opportunities in the relative safe haven Canada market as an initial foray into "foreign" markets. YOUR SUCCESS = OUR MISSION

Currently, opening a business bank account in a European bank demands a lot of effort due to the increased requirements for the beneficiaries and activities of the companies as well as complex application processing. Our team here at Regulated United Europe has eight years of experience in helping clients to open business bank accounts across Europe. We use our wide network of trusted partners in the European banking industry to offer the most suitable and efficient options that improve the functioning of the companies we serve.  The European banks are thoroughly regulated and therefore trusted by many international businesses, which can add an extra level of security to your company’s operations. The European Banking Authority is the EU’s regulatory agency whose role is to enforce transparency and integrity across the financial industry and who can override national regulations in order to achieve its goals. Another impactful institution is the European Investment Bank whose purpose is to fund strategic EU projects. In the digitalized world, you can normally open a bank account for business remotely from any corner of the world. Depending on the selected country, bank, and the number of applications they receive, the process can take from several weeks to several months. #banking #bankingandfinance #banks #bank #neobanks #neobanking https://lnkd.in/dKQ5wjFp

Send money to Svalbard and Jan Mayen from Qatar easily with RemitAnalyst! 🌍 Compare top money transfer services for the best exchange rates and lowest fees. Whether for family, business, or personal reasons, ensure fast, secure, and cost-effective transfers. Avoid hidden charges and delays—save more on every transaction! Learn more: https://lnkd.in/gpQxHcxS #MoneyTransfer #ExchangeRates #SendMoney #Qatar

The Institute of Bankers in South Africa NPC (IOBSA) is seeking proposals from qualified and experienced vendors to assist in the research and viability of a comprehensive Banking Standard in South Africa. The objective of this RFP is to identify a partner who can collaborate with us in creating a robust Banking Standard that encompasses various aspects. Find out more: https://lnkd.in/dcEDXigg #iobsa #frp #requestforproposal #banking #bankingindustry

Access Bank is building a payment rail, Access Africa, to allow people and businesses to send money across the continent through Access bank accounts. “It’s our proprietary rail that connects Africa,” Rob Giles, Access Bank’s senior retail banking advisor, said at a media parley on November 22. Access Bank will use its presence in 16 key African markets including Kenya, South Africa, and Nigeria, to connect its African customers to major international trade hubs through its physical offices in Asia and Europe and facilitate global trade.  Find out more 👉 https://lnkd.in/dVXT6eiH

🙂 New Country Manual 🖥 #brpsa #new #countrymanuals #products #albania Dear client, BRP SA is glad to announce the publication of its latest Country Manual Products 📌BRP Country Manuals Countries Covered 📷 https://lnkd.in/eijDDFgU 🌍 ALBANIA🌍 COUNTRY MANUAL PRODUCTS: > Overview of the legal and regulatory framework (on a financial product level) applicable to cross-border distribution/sale/placement of the different instruments and the provision of associated advice in a private banking/EAM context > Provides information on registration requirements, private placements, product bans, market practices and mandatory product documentation to be made available to investors > Covered instruments: securities (incl. equities, debt instruments/bonds and structured products), collective investment schemes (e.g. UCITS, AIFs), derivative products and other financial products > Considers the relevant factors of cross-border financial business such as location of the activity, client category, solicitation type, contractual basis, type of financial product and regulatory exemptions > Includes an explanation and interpretation of the relevant regulatory context, a detailed reference table and schematic dos and don’ts 📞  For more information, please contact us: ✉️ info@brpsa.com and visit our website: www.brpsa.com

Aion Digital is revolutionizing the credit landscape in Saudi Arabia by introducing innovative digital solutions that streamline credit processes and enhance accessibility. By leveraging cutting-edge technology, Aion Digital is empowering financial institutions to offer seamless, efficient, and customer-centric credit experiences, ultimately driving financial inclusion and growth in the Kingdom.

Hello All! Regional Payment systems are gaining prominence across the Globe. One such example is GCC RTGS (AFAQ) Payments in the Gulf region. Please refer to the Article on Overview of GCC RTGS Payments.

I wrote this piece on analyzing financial health of financial institutions in which i took a closer look into Access Holdings Plc's financials to ascertain it's actual level of performance and overall financial health over the last 6 reported financial years using the CAMELS rating system. Access Holdings Plc is one of Nigeria’s leading financial institutions with presence in several countries, they are known to be a powerhouse in Nigeria’s financial services industry being the largest bank in Nigeria by total assets. Check out the article at https://lnkd.in/dVKcAY62