Consolidation in African banking and the technology challenge: market forces and regulation are increasingly heralding a consolidation trend in the banking industry. A special report on what African banks can do to scale up to the challenges of the future using appropriate scalable technology.(Banking Technology)

African Review of Business and Technology,  February, 2005  

• E-mail
• Print
• Link

A UNIVERSAL TREND IN the world of banking is the phenomenon of mergers and consolidation of small and medium sized banks to form larger entities. The major driving force behind this move is stricter regulation, with central banks all over the globe issuing directives and enforcing policy with regard to minimum capital requirements that a bank must fulfill.

From a bank's perspective, gaining operational efficiency, leveraging technology investment, broadening product range and risk diversification are other vital reasons for considering mergers and acquisitions. In emerging economies, ...

Read the rest of this article with a Free Trial at HighBeam Research.