Standard Bank

A lawsuit over patent infringement was launched against South Africa's Standard Bank and telco MTN. The companies are accused of infringing a technology patent in creating their mobile money joint venture.

uMonitor, the innovative financial solution services provider for banking customer acquisition and retention, announced that Hickory Hills, Ill.-based Standard Bank and Trust has selected its online account opening and funding solution, uOpen & uFund®. Now, in addition to visiting its 42 branches located in the Metropolitan Chicagoland and Northwest Indiana areas, the $2.2B bank’s customers will be able to open and fund new accounts from the convenience of their homes or offices.