Co-operative Banking

Cooperatives have a long history of providing financial services to their members, and they are well-positioned to play a leading role in the future of remittances. Cooperatives can offer affordable and convenient remittance services that are tailored to the needs of their members.

The bank’s net income grew by triple digits year-on-year in the first half of the year, which it attributed to a substantial loan portfolio it has built up in its “UnionBank ecosystem.”

As it began to digitize journeys, BCP saw that new capabilities alone were not enough; it needed to re-engineer its culture. BCP created the concept of Samay, a Quechua word for soul, which refers to the new culture leaders hoped to create.

The coup in Niger could have implications for the future of monetary colonialism in Africa. If the coup leaders are successful in renegotiating Niger's membership in the CFA franc zone, it could set a precedent for other African countries to do the same.

The MIF will invest in a variety of assets, including foreign currencies, fixed-income instruments, domestic and foreign corporate bonds, joint ventures, mergers and acquisitions, real estate, and high-impact infrastructure projects.

Unlike traditional banks, which often have legacy systems and bureaucratic hurdles to navigate, digital banks are born in the digital age. This gives them a massive advantage when it comes to integrating and incorporating AI into their operations.