The security of African financial service applications were analyzed in a recent report by Approov. The report found that 95% of the most popular African banking and financial services apps contain easy-to-extract secrets.

According to the report, 18% of the apps investigated revealed high severity secrets. A high severity classification was used for vulnerabilities that could potentially lead to unauthorized access, data breaches and compromised user privacy. These apps together constitute a total of 272 million downloads across the continent with 72% of the apps revealing medium severity secrets that encompass sensitive data. If exposed, they could potentially compromise the confidentiality of user data and application functionality.


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Within this challenging and varied landscape, competition in the African retail-banking landscape is increasingly fierce. In this environment, some banks are proving to be true African lions, standing head and shoulders above the rest in terms of profitability, revenue growth, efficiency, and credit control. Others are struggling.

As part of the flagship series of the Africa Bank 4.0 Summit, our attendees come to attend knowing that they will acquire the most updated knowledge on digital banking, payments, financial inclusion, innovative technologies and the best digital banking solutions to counter biggest challenges.

Our focus and commitment are to developing deep relationships with customers. This has driven much of our growth in recent years. Currently, we are within a branch network of 26 spread across 6 regions in Ghana, Our expansion strategy is set to bring banking closer to existing and new potential clients. BANK OF AFRICA is focused on providing exceptional services that afford clients convenience whiles meeting their banking needs.

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The RePEc plagiarism page Testing the Quiet Life Hypothesis in the African Banking IndustrySimplice Asongu and Nicholas OdhiamboMPRA Paper from University Library of Munich, GermanyAbstract:The Quiet Life Hypothesis (QLH) is the pursuit of less efficiency by firms. In this study, we assess if powerful banks in the African banking industry are increasing financial access. The QLH is therefore consistent with the pursuit of financial intermediation inefficiency by large banks. To investigate the hypothesis, we first estimate the Lerner index. Then, using Two Stage Least Squares, we assess the effect of the Lerner index on financial access proxied by loan price and loan quantity. The empirical evidence is based on a panel of 162 banks from 42 African countries for the period 2001-2011. The findings support the QLH, although quiet life is driven by the below-median Lerner index sub-sample. Policy implications are discussed.Keywords: Financial access; Bank performance; Africa (search for similar items in EconPapers)

JEL-codes: D40 G20 G29 L10 O55 (search for similar items in EconPapers)

Date: 2018-01

New Economics Papers: this item is included in nep-afr, nep-ban, nep-com and nep-eff

References: View references in EconPapers View complete reference list from CitEc 

Citations: View citations in EconPapers (11) Track citations by RSS feedDownloads: (external link)

 -muenchen.de/88525/1/MPRA_paper_88525.pdf original version (application/pdf)Related works:

Journal Article: Testing the Quiet Life Hypothesis in the African Banking Industry (2019) 

Working Paper: Testing the Quiet Life Hypothesis in the African Banking Industry (2018) 

Working Paper: Testing the Quiet Life Hypothesis in the African Banking Industry (2018) 

Working Paper: Testing the Quiet Life Hypothesis in the African Banking Industry (2018) 

Working Paper: Testing The Quiet Life Hypothesis in the African Banking Industry (2018) 

Working Paper: Testing the quiet life hypothesis in the African banking industry (2018) 

This item may be available elsewhere in EconPapers: Search for items with the same title.Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/TextPersistent link: :pra:mprapa:88525Access Statistics for this paperMore papers in MPRA Paper from University Library of Munich, Germany Ludwigstrae 33, D-80539 Munich, Germany. Contact information at EDIRC.

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The quest to gain market share within an industry is argued to drive Decision Making Units (DMUs) to accommodate more risk. The cross sectional variations in risk taking is believed to be influenced by the position of the DMU in the industry, with those on the lower end assuming more risk in order to gain market share. On the other hand, less competition among banks could result in higher interest rates being charged on business loans, which might raise the credit risk of borrowers as a result of moral hazard issues. The South African highly concentrated banking sector presents an opportunity to econometrically investigate such issues. Panel estimation techniques are employed on the South African banking sector unique data set. The model explores the relationship between the specified bank risk measure and bank market concentration measure, controlling for individual bank characteristics and the state of the economy. We find that smaller banks in South African concentrated banking sector are more exposed to credit risk than bigger banks. However, considering the interaction between size and concentration measure, bigger banks in highly concentrated industry are more likely to have high credit risk, in line with the concentration fragility hypothesis. Findings have implications for both policy and management of individual banks.

A WHOIS request later revealed that the domain was registered in December 2021 and visiting the website returned an HTTP 404 response. To make the lure more credible, the threat actor also included a reply-to address of another supposed employee of the recruiting bank.

Researchers from HP Wolf Security discovered that attackers were using a downloader called GuLoader, which is executed using PowerShell via code stored in the Registry and is otherwise only run in memory.

Discover a banking platform suitable for every business strategy. With a modular architecture, ebankIT enables banks and credit unions to build their own solution, matching the needs of retail, corporate and SME customers.

Humanizing the digital banking is not an easy task. To achieve this goal, ebankIT is enhanced by a wide ecosystem of partnerships that accelerate the product integration and provide complementary technologies.

We tend to see ourselves as innovators. Over the years, we have been focused on reshaping the digital banking landscape with a disruptive, intuitive, and customer-focused omnichannel platform. Contact us and discover more.

Impressively, the bank has experienced a substantial expansion in its customer base, now catering to a staggering four million customers, a remarkable 158% increase from the previous year. Furthermore, an impressive number of over one million customers are actively benefiting from the convenience and efficiency of the MyWORLD transactional account.

Moreover, there was a remarkable surge in non-interest income, reaching a staggering R1.6 billion, which can be attributed to the exponential growth of our customer base and their transactions. Additionally, the business banking division made a significant contribution of R682 million in total net revenue within just 11 months. e24fc04721

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