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Digital banks are becoming a reality

Digital banks are becoming a reality

October 19, 2017 • Finance, Opinion, Southern AfricaComments (0)

The services offered by traditional banks are too restrictive for what smaller retailers require and many of them are looking for alternative solutions. Disruption in the financial space is inevitable and company heavyweights such as Discovery and Outsurance are taking advantage of the financial technology (fintech) opportunity and moving into this space....

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Fintech innovators reveal four core challenges

Fintech innovators reveal top 4 core challenges

October 19, 2017 • East Africa, Finance, North Africa, Opinion, Southern Africa, West AfricaComments (0)

At the inaugural African Fintech Unconference, organised by Nomanini and the Bankable Frontiers Association with the support of the Mastercard Foundation, a cross-section of professionals from the local and global fintech sectors gathered for two days to...

Orange money partners with Barclays to introduce money transfers in Botswana.

Orange money partners with Barclays to introduce money transfers in Botswana

October 18, 2017 • Finance, Southern Africa, Top StoriesComments (0)

Orange Money has partnered with Barclays Bank of Botswana to introduce money transfer services. The partnership will allow the bank’s customers to transfer money from their bank accounts to Orange Money wallets. The new “Bank to Wallet” service...

Smartphones are the new hub from which tech-savvy consumers run their financial lives.

Consumers expect full banking service delivery to their smartphones

October 16, 2017 • Finance, Online & Social, Southern Africa, Top StoriesComments (0)

Smartphones are the new hub from which tech-savvy consumers run their financial lives. In the developed world, bank branches are closing at an accelerated rate due to a decline in the use of cash and the huge uptake of digital payment systems. In the UK, the...

FNB named Africa's most innovative bank

2017 African FinTech Awards: FNB named Africa’s most innovative bank

October 16, 2017 • Finance, Southern Africa, Top StoriesComments (0)

South Africa’s First National Bank (FNB) announced on Friday 13 October 2017 that the bank has once again been awarded The Most Innovative African Bank at the 2017 African FinTech Awards, which took place in Johannesburg on the 12th of October 2017. FNB...

Two African Companies Listed in Top 50 Digital Banks

Two African Companies Make 2017 Top 50 Digital Banks List

October 12, 2017 • Finance, Online & Social, Southern Africa, Top Stories, West AfricaComments (0)

On Tuesday 10 October 2017, Financial IT Magazine released their 2017 Financial IT Top 50 Digital Banks list. Making it onto the list were two African companies, which included Nigerian Fintech company, Kudimoney, and South African company Bettr Finance....

FNB's "Bank Your Change" feature saves South Africans R1 billion

FNB’s “Bank Your Change” feature saves South Africans R1 billion

October 11, 2017 • Finance, Southern Africa, Top StoriesComments (0)

South African bank, First National Bank (FNB), announced on Tuesday 10 October 2017 that the company’s “Bank Your Change” feature has allowed FNB customers to save over R1 billion in the past 14 months from small change when shopping....

Safe banking in the virtual money market

Safe banking in the virtual money market

October 11, 2017 • East Africa, Finance, North Africa, Opinion, Southern Africa, West AfricaComments (0)

On the back of the digital transformation, the virtual money market has seen exponential growth and has changed the way that many people deal with money. While it may be difficult to imagine a cashless society, it’s important to understand that money is...

The binary art of selling in a digital world

The binary art of selling in a digital world

October 10, 2017 • Finance, Online & Social, Opinion, Retail, Southern AfricaComments (0)

We often mention that we live in the digital age, where information flows at faster speeds, is more complex and is more accessible. As much as this information can be analysed by businesses to make better-informed decisions, the real question is, is there...

South Africa's first machine learning powered fund

South Africa gets first of it’s kind machine learning powered unit trust fund

October 10, 2017 • Finance, Southern Africa, Top StoriesComments (0)

A machine learning powered unit trust fund has been launched in South Africa. The fund uses machine learning to drive research, analysis and stock selection. The NMRQL SCI Balanced Fund, administered by the Sanlam Collective Investments platform, is a...

DHL and MallforAfrica partnership to sell goods to US customers

DHL and MallforAfrica to sell African goods to US customers

October 9, 2017 • East Africa, Finance, North Africa, Online & Social, Southern Africa, Top Stories, West AfricaComments (0)

International express services provider, DHL Express and global e-commerce company, MallforAfrica will – according to both firms – now enable customers in the United States to purchase locally manufactured products online. US customers will buy...

South Africans lead the way in Mobile Banking

South Africans lead the way in Mobile Banking

October 9, 2017 • Finance, Top StoriesComments (0)

Consumers in South Africa prefer a digital-first approach to resolving their basic banking issues, only talking to a human being if they have to, according to a new survey from Avaya. Out of nine countries surveyed, South Africans were the most likely to say...

Mastercard Early Detection System

Mastercard’s new Early Detection System to help combat account-related fraud

October 3, 2017 • Finance, Security, Top StoriesComments Off on Mastercard’s new Early Detection System to help combat account-related fraud

Mastercard has announced the launch of its Early Detection System, a new service that provides issuers with a unique advanced alert for cards and accounts at a heightened risk of fraudulent use based on their exposure in security incidents or data breaches....

Visa and Uber

Visa and Uber partner to encourage use of e-payments in Kenya

October 2, 2017 • East Africa, Finance, Online & Social, Top StoriesComments Off on Visa and Uber partner to encourage use of e-payments in Kenya

Uber and Visa have announced a strategic agreement that aims to grow digital commerce across Africa. Under the agreement, Visa will work with its financial institution partners to set up their debit and credit portfolios for eCommerce. The new promotion will...

Wafacash and WorldRemmit to offer instant money transfers across Africa

Wafacash and WorldRemmit to offer instant money transfers across Africa

October 1, 2017 • Finance, Mobile and Telecoms, North Africa, Top Stories, West AfricaComments Off on Wafacash and WorldRemmit to offer instant money transfers across Africa

Morocco-based financial services company, Wafacash, has announced that the company is scaling up operations with digital money transfer service WorldRemit to offer instant money transfers across West and Central Africa. The companies, who already work...

Cybercrime

Roughted remains the top malware in Africa to watch out for

September 30, 2017 • East Africa, Finance, Security, Southern Africa, Top Stories, West AfricaComments Off on Roughted remains the top malware in Africa to watch out for

Check Point Software has revealed that banking Trojans were extensively used by cyber-criminals during August 2017, with three variants appearing in the company’s latest Global Threat Impact Index. The Zeus, Ramnit and Trickbot banking trojans all...