Claim that banks make losses due to top CEOs fight for ownership of online banking platform

Claim

Banks counting losses due to fight by top CEOs for online banking platform

Author
Business Focus
Verdict
Incorrect
UBA dismissed the claims as ‘untrue’

The claim that banks are counting losses due to fight by top CEOs for online banking platform, is false.

The claim was made in an article by Business Focus.

However, according to Uganda Bankers Association (UBA), the umbrella body for supervised and licensed financial institutions, this is not true.

The body clarified that the industry has an organized internal framework that solves all mishaps arising from the online banking platform and dismissed the claims made by the publication.