In continuation of the company s tradition as a pioneer in the finance industry, FSDH has become one of the first merchant banks to be awarded a licence in Nigeria since the repeal of Universal Banking by CBN in 2010, said FSDH.
The Central Bank of Nigeria (CBN) has issued two new banking licences to the Rand Merchant Bank Limited and First Securities Discount House Limited (FSDH).
differ from traditional banks by assisting the SME with purchasing its pre-sold goods, as well as assisting in the management of company growth.
33bn went down the drain last January, when the Central Bank of Nigeria withdrew the operating licences of 26 commercial and merchant banks
The new starting line-up is headed by real estate merchant banks
, firms who not only assemble investors to do deals, but also use their own funds to take position in those deals.
Global and E & E are both Toronto based merchant banks
DLJ is one of the nation's leading integrated investment and merchant banks
s investors include some of the world's largest index and mutual funds, high-growth and small-cap funds, investment banks, commercial and merchant banks
and hedge funds.
Both solutions enable authorization and settlement of credit cards and other payment transactions via integrations with e-commerce, customer relationship management (CRM), enterprise resource planning (ERP) and other applications, along with built-in connections with third-party processors and merchant banks
For example, he says, "EnterpriZ Gateway uses our proprietary Payment Pipe(TM) technology to connect to multiple processors / merchant banks
from a single server so that one merchant can use Merchant Bank
A and another Merchant Bank
The agreement with Bridgeview signals a new focus on providing processing services to large principal merchant banks
as well as smaller agent banks.