Financial software provider Misys has signed an agreement with ECB, a Zimbabwe-based application software and services provider, to join the Misys InFusion partner programme.
Working with banks and government institutions in Zimbabwe, Malawi, Angola, Botswana, Zambia and other African countries, ECB provides expertise in application development, managed services, strategic sourcing, training and consulting to client companies.
The key area of joint focus will be the promotion of the Misys FusionBanking portfolio, including core banking systems, digital channels and lending. ECB has already worked with Misys on several projects across southern Africa since 2003 in areas such as project management, core banking system implementation and systems integration.
ECB recently hosted a digital channels solution for banks in the region which provided network-independent applications for online and mobile banking, as well as access to social media channels.
ECB has its own web-based credit-scoring solution, which automates loan origination and credit rating functions for personal or corporate loan applications, including loan recording, verification and scoring through to comprehensive reporting and system administration.
“We are delighted to work alongside Misys in the region,” said Lucky Chitima, ECB’s chief executive (CEO). “The focus on core banking is an excellent fit and our joint propositions in this area, especially around digital channels, have proved to be a compelling solution for the African banking community. In the future, the channel will be the bank.”
Rising interest rates, excitement around blockchain use cases and cross-border payments were all hot topics at this year's AFP conference in San Deigo.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
While corporates have more choice when it comes to choosing financial services, the core relationship between banks and businesses hasn't changed, argues Michael Cummins, head of treasury solutions at Citizens Bank.
Direct carrier billing is currently a competitive payments industry in Europe, but will it flourish under PSD2? EE and Microsoft think so.