MENU

Finance
Category

PrimeXBT partners with all-in-one blockchain compliance platform

PrimeXBT partners with all-in-one blockchain compliance platform

September 10, 2019 • Finance, SecurityComments Off on PrimeXBT partners with all-in-one blockchain compliance platform

“As a responsible member of the global financial community, we are faced with the important yet challenging task of eliminating money laundering, without sacrificing the privacy of our clients,” says an official PrimeXBT spokesperson. The statement comes just after the bitcoin-based margin trading platform announced on Tuesday, 10 September...

Read More
South African money exchange startup is seeking funding

South African money exchange startup is seeking funding

September 9, 2019 • Finance, Startups, Top StoriesComments Off on South African money exchange startup is seeking funding

South African developed startup, Fourex announced on Monday, 9 September 2019, that it has opened its second round of crowdfunding in a bid to raise just over $1 million. Fourex allows travellers to exchange notes and coins with various foreign currencies...

SWIFT publishes new API standard for Pre-authorisation of funds

SWIFT publishes new API standard for Pre-authorisation of funds

September 7, 2019 • Finance, Top StoriesComments Off on SWIFT publishes new API standard for Pre-authorisation of funds

SWIFT has published a new API standard for the Pre-authorisation of funds, which allows the payer’s bank to earmark funds for a purchase in advance, guaranteeing that the future payment will be honoured. This is the second of SWIFT’s Open Banking...

South African crypto-exchange cuts trade fees in half

South African crypto-exchange cuts trade fees in half

September 5, 2019 • Finance, Southern AfricaComments Off on South African crypto-exchange cuts trade fees in half

Cryptocurrency exchange, AltCoinTrader has announced that it plans to reduce all fees by more than 50 per cent, indefinitely. The exchange says the move to cut fees in half, which may come as a surprise to industry insiders, was inevitable and is the result...

flyEgypt selects PAYFORT as its Payment Provider

flyEgypt to partner with online payment solution, PAYFORT

September 4, 2019 • Finance, North Africa, Top StoriesComments Off on flyEgypt to partner with online payment solution, PAYFORT

Online payment solution and Amazon subsidiary, PAYFORT announced that flyEgypt has chosen its payment services. The announcement – which came on Wednesday, 4 September 2019 – notes that the partnership aims to support flyEgypt’s expansion...

RMI provides millions in loans to fin-tech Startups

RMI provides millions in loans to fin-tech Startups

September 3, 2019 • Finance, Southern AfricaComments Off on RMI provides millions in loans to fin-tech Startups

Rand Merchant Investment (RMI) subsidiary, AlphaCode announced on Monday, 2 September 2019, that it has awarded just over $1.5 million in supplier development loans to three fintech startups, Zande Africa, Bright On Capital and Livestock Wealth. “We have...

Nedbank on 'digital-first' fast track

Nedbank on ‘digital-first’ fast track

September 3, 2019 • Cloud Computing, Finance, Top StoriesComments Off on Nedbank on ‘digital-first’ fast track

African financial services provider, Nedbank announced on Monday, 2 September 2019, that it has partnered with Microsoft in a move to become a ‘digital-first’ financial services provider. The bank is set to migrate components of its IT...

Blockchain marketplace believes women are the key to innovation in Crypto industry

Blockchain marketplace believes women are the key to innovation in Crypto industry

September 2, 2019 • Features, Finance, Top StoriesComments Off on Blockchain marketplace believes women are the key to innovation in Crypto industry

Digital peer-to-peer crypto marketplace, Paxful believes that women play an extremely important role in the future of blockchain in Africa. In a press release issued on Friday, 30 August 2019, the Bitcoin platform expressed the desire to expand its...

Japan and the African Development Bank have announced a joint target of $3.5 billion to help Africa's private development sector. Health, electricity and transport have been identified as key priorities. Image sourced from the African Development Bank Group.

Japan and African Development Bank announce $3.5 billion to support Africa’s private sector development

September 1, 2019 • Features, Finance, Southern Africa, West AfricaComments Off on Japan and African Development Bank announce $3.5 billion to support Africa’s private sector development

On 30 August 2019, Japan and the African Development Bank announced a joint target of $3.5 billion under the Enhanced Private Sector Assistance for Africa initiative (EPSA4). The announcement was made at the 7th Tokyo International Conference on African...

Cortex Ventures CEO to join SA Innovation Summit Panel

Cortex Ventures CEO to join SA Innovation Summit Panel

August 31, 2019 • Finance, Southern Africa, StartupsComments Off on Cortex Ventures CEO to join SA Innovation Summit Panel

Artificial Intelligence (AI) Software and Solutions company, Cortex Ventures launched in May 2019. The company aims to unlock the entrepreneurial opportunities offered by the 4th Industrial Revolution by investing in smart-technology driven startups. On...

South African Rand to pair with Zcoin on OVEX platform

South African Rand to pair with Zcoin on OVEX platform

August 30, 2019 • Finance, Southern AfricaComments Off on South African Rand to pair with Zcoin on OVEX platform

Open-source and decentralised privacy cryptocurrency, Zcoin ($XZC) announced on Friday, 30 August 2019, that it has now been listed on OVEX with a South African Rand (ZAR) pairing. “Zcoin’s listing on OVEX will create the opportunity for traders...

Telegram to launch crypto by Oct 2019 or face forfeiting everything

Telegram to launch crypto by Oct 2019 or face forfeiting everything

August 30, 2019 • Features, Finance, Top StoriesComments Off on Telegram to launch crypto by Oct 2019 or face forfeiting everything

So far, 2019 has been jam-packed with companies all over the globe looking to revolutionise the world’s current financial system – with the most notable contribution coming from social networking giant, Facebook. (ICYMI – in June, Facebook...

Fintech startup on a mission to create affordable housing

Fintech startup on a mission to create affordable housing

August 29, 2019 • Finance, StartupsComments Off on Fintech startup on a mission to create affordable housing

International NPO, Habitat for Humanity announced on Wednesday, 28 August 2019, that the Terwilliger Centre for Innovation in Shelter has recently made a $300 000 investment in iBUILD Global, a multi-national fintech-for-housing company. The Terwilliger...

Fin-tech startup launches payment solutions platform throughout Africa

Fin-tech startup launches payment solutions platform throughout Africa

August 28, 2019 • Features, Finance, StartupsComments Off on Fin-tech startup launches payment solutions platform throughout Africa

UK based fin-tech startup, SympliFi announced the launch of its fin-tech platform on Wednesday, 28 August 2019. The platform is said to have been designed to empower users around the world offering access to financial solutions – meaning people living...

Standard Bank enables wider access to Shyft App

Standard Bank enables wider access to Shyft App

August 28, 2019 • Finance, Top StoriesComments Off on Standard Bank enables wider access to Shyft App

Remote biometric digital authentication company, iiDENTIFii, has enabled Standard Bank to offer its Shyft App to non-Standard Bank customers through remote identity verification. With the iiDENTIFii solution in place, non-Standard bank users can open a Shyft...

South African insurer launched Whatsapp chatbot

South African insurer launches Whatsapp chatbot

August 27, 2019 • Finance, Southern Africa, Top StoriesComments Off on South African insurer launches Whatsapp chatbot

Guardrisk – part of Momentum Metropolitan Holdings Limited – has partnered with Root, a Fintech start-up, to extend its CarSure product, which offers insurance to people renting cars. The latest chatbot offering provides excess buy down cover to protect...