Old Mutual Set to Launch New Banking Division

Old Mutual Ltd. (ODMUF) has released an update.

Old Mutual Limited, a prominent African financial services group, has received regulatory approval to establish a bank, marking a significant step in its strategic plan to offer integrated financial services. This milestone allows the company to commence an intensive testing phase with partners, with the goal of integrating the forthcoming OM Bank into the National Payments System. The Group CEO, Iain Williamson, views this development as pivotal in becoming the preferred financial services provider for their customers.

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