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Global fintech investors team up to promote responsible digital finance

Global fintech investors team up to promote responsible digital finance

June 21, 2018 • Finance, Top StoriesComments Off on Global fintech investors team up to promote responsible digital finance

Innovations in digital technology have created new and exciting opportunities to reach unbanked and underbanked low-income customers in emerging markets as well as developed countries. Traditionally, these customer segments have been considered too risky and too poor to be of interest to banks and insurance companies. Mobile wallets and mobile money...

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SADC finance professionals adopting automation to promote financial transparency and effectiveness

SADC finance professionals adopting automation to promote transparency

June 20, 2018 • Finance, Southern AfricaComments Off on SADC finance professionals adopting automation to promote transparency

As the compliance agenda gains traction across Africa, the finance professionals of Central-Southern Africa are displaying a hunger to adopt automation as a way to deliver the kind of efficient and transparent services their clients increasingly demand....

By Riaan Bekker, Force Solutions Manager, thryve

The link between compliance and risk

June 20, 2018 • Finance, OpinionComments Off on The link between compliance and risk

Compliance is a growing challenge. 48 percent of companies saw their regulatory teams grow in 2017 and 75 percent foresee the need to focus more on managing regulatory risk, according to a Thomson Reuters poll. Financial institutions are spending upwards of...

What investors are looking for in Africa's fintech sector

What investors are looking for in Africa’s fintech sector

June 18, 2018 • East Africa, Finance, North Africa, Opinion, Southern Africa, West AfricaComments Off on What investors are looking for in Africa’s fintech sector

Africa has long been considered a global leader in fintech innovation and adoption. The continent’s low penetration rates for traditional banking services coupled with high penetration of mobile phones makes it a rich breeding ground for fintech...

How automation can help corporate finance in West Africa

How automation can help corporate finance in West Africa

June 18, 2018 • Finance, Top Stories, West AfricaComments Off on How automation can help corporate finance in West Africa

The recent announcement by the Nigerian Stock Exchange (NSE) that listed companies would have to submit financial reports four times a year, rather than annually, marks a significant milestone in the region’s drive to prime its economy for international...

According to De Vasconcelos, the strong presence of post offices in remote and rural areas is extremely valuable.

African post offices at the forefront of financial solutions in rural areas

June 18, 2018 • East Africa, Finance, North Africa, Southern Africa, West AfricaComments Off on African post offices at the forefront of financial solutions in rural areas

Postal services can play a pivotal role in delivering remittances, lowering the transfer costs and providing access to basic financial services in Africa, according to a report released today by the International Fund for Agricultural Development (IFAD) and...

Bitcoin's surge in value from a few cents to a peak in December 2017 of $19,500 turned some of its first investors into billionaires.

Thomson Reuters expands sentiment data to track Top 100 Cryptocurrencies

June 17, 2018 • Finance, Online & SocialComments Off on Thomson Reuters expands sentiment data to track Top 100 Cryptocurrencies

Thomson Reuters has expanded its sentiment data offerings to track the top 100 cryptocurrencies through its partnership with MarketPsych Data LLC, a market leader in quantitative behavioral science. This new MarketPsych Indices (TRMI) package uses machine...

Several findings reveal that more than a third of wealthy individuals (35%) either have exposure to cryptocurrencies, or they intend investing by the end of 2018.

High-net-worth individuals embrace cryptocurrencies

June 15, 2018 • Finance, GeneralComments Off on High-net-worth individuals embrace cryptocurrencies

Cryptocurrencies are the “future of money” and wealthy investors seem to agree. This is according to Nigel Green, CEO of the deVere Group, an international financial services organisation. The Group, which launched the deVere Crypto app earlier this year,...

Mastercard announced today that Salah Goss has been appointed as Head of the Mastercard Labs for Financial Inclusion, based in Nairobi, Kenya.

Salah Goss to lead Mastercard Labs for Financial Inclusion in Kenya

June 14, 2018 • East Africa, FinanceComments Off on Salah Goss to lead Mastercard Labs for Financial Inclusion in Kenya

Mastercard announced today that Salah Goss has been appointed as Head of the Mastercard Labs for Financial Inclusion, based in Nairobi, Kenya. Salah brings extensive experience in financial inclusion specializing in mobile enabled solutions, agent banking and...

The South African Reserve Bank (SARB)  will be launching its first commemorative banknote series.

The SARB will be launching Nelson Mandela commemorative banknotes and coin

June 13, 2018 • Finance, General, Top StoriesComments Off on The SARB will be launching Nelson Mandela commemorative banknotes and coin

In celebration of the first democratically elected president Nelson Mandela’s birth centenary, the South African Reserve Bank (SARB) will be launching its first commemorative banknote series. These notes will cover all denominations – R10, R20, R50,...

How blockchain and Artificial Intelligence can be used to improve auto finance

How blockchain and Artificial Intelligence can be used to improve auto finance

June 11, 2018 • Finance, OpinionComments Off on How blockchain and Artificial Intelligence can be used to improve auto finance

Renting a car can be a time-consuming process. You have to go to the rental agency, wait for the attendant to fill out the leasing forms, which you must then check and sign before even getting sight of the keys. It’s a hassle and that’s even when you...

Finnovation South Africa 2018 accelerates digital innovations

Finnovation South Africa 2018 accelerates digital innovations

June 8, 2018 • Events, FinanceComments Off on Finnovation South Africa 2018 accelerates digital innovations

Finnovation South Africa 2018 opened on Wednesday, June 6 at the Radisson Blu Gautrain, Johannesburg, where more than 200 international Fintech experts, African digital pioneers, investors, policymakers, entrepreneurs and leading bankers gathered to harness...

How foreign FinTech disruptors are driving local economic growth

How foreign FinTech disruptors are driving local economic growth

June 8, 2018 • Finance, Top StoriesComments Off on How foreign FinTech disruptors are driving local economic growth

The explosion of pioneering FinTech innovations from around the world is disrupting and transforming the global financial landscape. From payment, investment and lending innovations, to mobile money, digital wallets and Blockchain technology, FinTechs make...

Reduce bank charges via digital channels

Reduce bank charges via digital channels

June 7, 2018 • Finance, Top StoriesComments Off on Reduce bank charges via digital channels

As economic circumstances continue to put pressure on disposable income, one of the easiest ways that consumers can stretch their budgets is by taking advantage of digital and electronic banking channels to reduce banking charges. Ryan Prozesky, FNB Consumer...

First Bank partners WorldRemit for digital money transfers to Nigeria

First Bank partners WorldRemit for digital money transfers to Nigeria

June 6, 2018 • Finance, Top Stories, West AfricaComments Off on First Bank partners WorldRemit for digital money transfers to Nigeria

Digital money transfer service WorldRemit has joined forces with First Bank of Nigeria Limited (First Bank) for instant money transfers to all First Bank accounts in Nigeria. The new strategic partnership considerably expands WorldRemit’s footprint in the...

Fundi’s bracelet, FundiPay allows parents to load pocket money into a learner or student’s accoun

Fundi introduces innovative technology for schools

June 6, 2018 • Finance, Gadgets and Gaming, Southern Africa, Top StoriesComments Off on Fundi introduces innovative technology for schools

South Africa’s leading education fund administrator has recently introduced a cashless system in the form of a bracelet to digitise payments for primary school pupils. Fundi’s bracelet, FundiPay allows parents to load pocket money into a learner or...