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Old Mutual gets green light from South African Prudential Authority to set up bank

By Alexander Bueso

Date: Friday 19 Apr 2024

(Sharecast News) - Old Mutual clinched approval from the Prudential Authority to set up a bank subject to specific licence conditions.
That allows Old Mutual to move to the testing phase with selected bank partners, which if successful would see OM Bank integrate into the National Payments System.

The group's...

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