The World Bank has raised fresh concerns over weaknesses in Nigeria’s public finance management system, warning that persistent gaps in treasury operations, audit processes, and financial reporting ...

The Reserve Bank of India (RBI) has introduced stricter timelines for banks to process inward cross-border remittances, aiming to reduce delays in crediting funds to beneficiaries by mandating ...

Automating financial operations for faster, safer financial reportingIssued by MoDataJohannesburg, 10 Apr 2026 R2R encompasses the entire financial close cycle – from recording transactions to ...

Central bank asks banks to immediately inform customers and reconcile nostro accounts frequently to ensure quicker credit of ...

The RBI has issued new guidelines to quicken cross-border inward payments. Banks must streamline processes, inform beneficiaries immediately, and reconcile nostro accounts more frequently to ensure ...

Under the new rules, banks must alert customers immediately and reconcile nostro accounts at least hourly to reduce delays in ...

Encore Bank, a relationship-driven commercially focused bank, today announced the launch of Encore Embedded Finance, with the implementation of ERP Banking. ERP Banking, powered by Koxa, is Encore's ...

The apex bank notes that the delays often occur at the stage when the beneficiary bank receives the payment and credits it to ...

Libya has approved its first unified state budget in more than a decade, with the Central Bank of Libya welcoming the move as ...

To bring in more efficiency in cross-border payments, the Reserve Bank of India has asked banks to make near real-time ...