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Digital trading platform unlocks investment opportunities for Nigerians

October 17, 2019 • Finance, Online & Social, West AfricaComments (0)

Earlier this week, global trading platform, Chaka launched in Nigeria. The technology-enabled platform intends to give Nigerian users the opportunity to invest in stocks listed on NASDAQ, the New York Stock Exchange and the Nigerian Stock Exchange, offering over 4000 assets and indexes from companies such as Apple, Alibaba, Google and the S&P 500 index....

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Facebook officially forms Libra Association

October 15, 2019 • Digital Transformation, Features, Finance, Top StoriesComments (0)

In June 2019, Facebook unveiled a new global cryptocurrency – Libra – set to go public in 2020. When it was first introduced, Libra was made up of 28 founding members — including names like Mastercard, PayPal, Xapo Holdings Limited, Uber...

Visa drops out of Facebook’s Libra project

October 14, 2019 • Features, Finance, Online & Social, Top StoriesComments (0)

Earlier this year, Facebook revealed a plan to release a new global cryptocurrency called Libra. While the coin may only go public in 2020, it’s garnered much anticipation from crypto-enthusiasts and even more scepticism from crypto-critics.  When it was...

Airtel and Mastercard expand digital banking services across 14 African countries

October 10, 2019 • Digital Transformation, Features, Finance, Top StoriesComments (0)

Telecoms and mobile money services provider, Airtel Africa announced that it is partnering with Mastercard to give over 100 million Airtel Africa mobile phone users across 14 African countries access to Mastercard’s global network. Through this...

FNB to open more branches in the wake of cancelled bank strike

October 9, 2019 • Finance, Southern AfricaComments (0)

South African financial services provider, FNB revealed on Tuesday, 8 October 2019, that it plans on growing its branch network by adding seven more branches to its already existing national footprint of 619 branches. Before the end of the financial year, the...

Cellulant unveils Africa’s newest payments super app, Tingg

October 9, 2019 • Finance, Online & Social, Top StoriesComments (0)

African fintech company, Cellulant officially launched Tingg, an all-in-one, multi-functional consumer super app on Tuesday, 8 October 2019. The ‘super-app’ combines an array of payment, commerce and financial services onto a single online...

Avaya to showcase industry-first solutions at GITEX 2019

GITEX 2019: AI bots set to transform the banking industry

October 8, 2019 • Artificial Intelligence, Features, Finance, Top StoriesComments (0)

Mashreq, a leading financial institution in the UAE, announced on Tuesday, 8 October 2019, that it has partnered with Avaya and Koopid to recreate its banking experience – the transformation focusses on customer experience, including self-service...

NEC XON unveils KYC solution for mobile network operators and financial services

October 7, 2019 • Finance, Mobile and Telecoms, Southern AfricaComments (0)

Systems integration company, NEC XON announced on Monday, 7 October 2019, that it has created a Know-Your-Customer (KYC) solution that aims to help mobile network operators and financial services businesses comply with legislation while cutting the costs,...

Samsung Pay and Finablr partnership offers 3 key consumer benefits

October 4, 2019 • Finance, Security, Top StoriesComments Off on Samsung Pay and Finablr partnership offers 3 key consumer benefits

Global payments platform, Finablr has partnered up with Samsung in a bid to facilitate cross-border payments through Samsung Pay. The in-app money transfer company provides secure payments for up to 47 countries through a variety of payout methods, all within...

Fintech company, CredoLab set to drive financial inclusion in South Africa

October 1, 2019 • Finance, Southern AfricaComments Off on Fintech company, CredoLab set to drive financial inclusion in South Africa

Credit scoring fintech company, CredoLab announced on Tuesday, 1 October 2019, that it has officially launched in Africa. Starting in South Africa, CredoLab is aiming to drive financial inclusion in emerging economies on the continent by credit scoring more...

Liberty launches tax-free investment app

Liberty updates tax-free investment app

September 30, 2019 • Finance, Top StoriesComments Off on Liberty updates tax-free investment app

Liberty has updated their app that enables customers to save and invest. Stash allows users to put away small amounts every day, which adds up over time. The spare change is now invested in South Africa’s biggest companies and will grow with them as...

Chika Nwaogu, CEO of Playfre Africa.

Playfre releases Q1 revenue for distribution platform, SongRoute

September 26, 2019 • Company News, FinanceComments Off on Playfre releases Q1 revenue for distribution platform, SongRoute

Just two weeks after launching in May 2019, Playfre – Africa’s first music streaming platform – amassed a record 100,00 unique streams. The platform – created by Nigerian entrepreneur Chika Nwaogu – has since launched a service called SongRoute....

South Africans to brace for nation-wide 4IR bank strike

South African’s to brace for nation-wide 4IR bank strike

September 25, 2019 • Digital Transformation, Finance, Southern Africa, Top StoriesComments Off on South African’s to brace for nation-wide 4IR bank strike

The South African Society of Bank Officials (SASBO) – which boasts of a whopping 50 000 members, making it the most prominent financial union in the country – is set to undertake a nation-wide strike on Friday, 27 September. The union wants to...

Telecom operator, inwi launches mobile money service

Telecom operator, inwi launches mobile money service

September 25, 2019 • Finance, Mobile and Telecoms, North Africa, Top StoriesComments Off on Telecom operator, inwi launches mobile money service

Moroccan telecoms operator, inwi announced the launch of its mobile money service ‘inwi money’ on Wednesday, 25 September 2019. inwi money is a service that utilises Mobiquity Money, the digital money platform from Comviva. The new service allows...

FinTech Ecosystem in South Africa: Accelerating the Digital Transformation of Banking & Financial Services

FinTech Ecosystem in South Africa: Accelerating the Digital Transformation of Banking & Financial Services

September 25, 2019 • Events, FinanceComments Off on FinTech Ecosystem in South Africa: Accelerating the Digital Transformation of Banking & Financial Services

Africa’s financial services landscape continues its dynamic evolution as the rapid growth of FinTech on the continent drives both the disruption and leapfrogging of legacy systems and further accelerates the digital transformation of financial services....

HSBC fights money laundering with new detection system

HSBC fights money laundering with new detection system

September 25, 2019 • Finance, Top StoriesComments Off on HSBC fights money laundering with new detection system

In an effort to improve financial crime detection, HSBC’s Global Trade and Receivables Finance has introduced an Anti-Money Laundering (AML) surveillance and an automated sanctions checking system that uses big data, advanced analytics and automated...