News

INTEROPERABILITY IS KEY

The wise ones say that without history, there is no future. The same wise ones also say that we should not dwell too much on that history but use the experience to build the future. Zimswitch has adopted these wise words as we continue to write our own history but...

THE RELATIONSHIP BETWEEN MEMBERS AND RISK

Zimswitch is responsible for clearing and final settlement of transactions processed through the switch on a daily basis. Clearing refers to the process of transmitting, reconciling and in some cases, confirming transactions prior to the settlement, including the...

HISTORY OF ZIMSWITCH ITS KEY MILESTONES OVER THE YEARS

ZimSwitch was formed in 1994 by a partnership of 6 Financial Institutions namely, Beverley, Barclays, CABS, Founders Building Society (ZBBs), Stanbic and Zimbank (ZB Bank). CBZ and Time Bank joined in 1995 and 1997 respectively. In 1995, Zimswitch processed its first...

FROM THE GM’S DESK

Each turn of the year feels like a change in seasons and prompts us to review the passing period and look into the future as it were. Zimswitch operative password is efficiency. As such, the company is focusing more on this front this 2017 and into the immediate...