Nedbank’s Seboa to help define cross-border banking
Nedbank Namibia employee, Shaun Seboa was recently chosen as the sole representative from the country to serve on a cross-border banking management body.
As the only representative on the SADC Payment Scheme Management Body (PSMB) Nedbank Namibia employee, Seboa has been tasked to represent the local banking sector on the southern African banking body.
Speaking of his banking career, Seboa said, “during 2012, I got the opportunity to shape and define a Strategic Business Development department, with a focus on electronic channels, while still caretaking the Channel support departments. In March 2015, I joined the best bank (Nedbank) as Electronic Banking Manager, and got the opportunity to move to Strategic Payments in March 2016, where I find myself today.”
According to Seboa, mobile money, cyber security and the SADC payment system model law are just a few of the things the body garnering attention at the inter-regional body.
In terms of the SADC (Southern African Development Community) Finance and Investment Protocol (FIP), the Committee of Central Bank Governors (CCBG) has undertaken to, amongst other things, facilitate cross border payments in SADC. To this end, the SADC Payments System Project Team (the project team) as the CCBG group responsible for payment systems, has initiated a process to develop a framework for an integrated regional payment environment Seboa explained.
Subsequently, I was selected by my industry peers as being fit to represent Namibia on the PSMB. The requirements are that the nominee be of good standing in the local banking industry, have the necessary business and or technical knowledge of the type of payments concerned and also preferably possess suitable academic or vocational qualifications. After being selected my nomination was ratified by the SADC Nomination and Governance Committee.
“In layman’s terms, my role will be to contribute to the development of the SADC Payments frameworks, by providing the Namibian perspective, and the redistribution of feedback back into the Namibian banking industry. This will be enabled by interacting with industry stakeholders and forums with an interest in the SADC Payments Scheme,” Seboa explained.
Relishing in the challenge that lays ahead, he said, “This would add an additional focus area to my current role in Payments, but is seen as an extension of Payments. I have 100% backing and support from my employer as well as my industry peers, so I’m looking forward to the challenge.”
“This would add an additional focus area to my current role in Payments, but is seen as an extension of Payments. I have 100% backing and support from my employer as well as my industry peers, so I’m looking forward to the challenge,’ he concluded.