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The financial sphere is spicing it up with Gamified Learning

October 25, 2016 • Finance, Southern Africa, Top StoriesComments Off on The financial sphere is spicing it up with Gamified Learning

From blockchains to mobile wallets and robo advisers, the financial realm is a veritable hotbed of technology innovation and development. Unlike many other large and established sectors (legal, medical, insurance), the financial sphere has proved to be willing to rapidly adopt and test new, tech-driven solutions to age-old problems. In SA, for example, one...

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Why are banks struggling to implement big data?

October 24, 2016 • Finance, Top StoriesComments Off on Why are banks struggling to implement big data?

Financial institutions are ideally positioned to reap a host of benefits from big data, given their access to multiple streams of information. However, most banks are still standing at the edge of the big data wave, hesitant to take the plunge. Despite their...

Ecobank set for long-term sustainable growth

Mastercard, Ecobank ink deal to reach 100 Million customers by 2020

October 20, 2016 • Finance, Top Stories, West AfricaComments Off on Mastercard, Ecobank ink deal to reach 100 Million customers by 2020

The Ecobank Group has signed a Memorandum of Understanding (MoU) with Mastercard to roll-out Masterpass QR, a mobile payment solution, across 33 African countries. This new agreement will give Ecobank the scale and capacity to achieve its 100 million customer...

mobile money

First Global Online Investment Marketplace with Integrated Blockchain Launched

October 20, 2016 • Finance, Top StoriesComments Off on First Global Online Investment Marketplace with Integrated Blockchain Launched

Today, Wealth Migrate became the first Fintech enabled online investment marketplace to integrate blockchain technology in a move that significantly enhances security and privacy protections for investors around the globe. Wealth Migrate Chief Information...

Banking: True consequences of a security breach

October 19, 2016 • Finance, SecurityComments Off on Banking: True consequences of a security breach

Financial institutions often underestimate the consequences of a breach. By doing so, they risk misjudging the value of high-quality online and mobile security, says Renata Fischer, SVP Sales of Entersekt. Around the world, banks and their customers are under...

Financial inclusion still a challenge in Africa

October 19, 2016 • Finance, Top StoriesComments Off on Financial inclusion still a challenge in Africa

Africa’s financial environment is as competitive as other developing and high income regions in some countries, but access to finance remains a challenge, according to ICAEW (The Institute of Chartered Accountants in England and Wales). In its report...

ChamsMobile launches Mobile Money for Nigerians abroad

October 18, 2016 • Finance, Top Stories, West AfricaComments Off on ChamsMobile launches Mobile Money for Nigerians abroad

Nigerian Mobile Money Operator, ChamsMobile Ltd, under its brand ‘Kegow’, has announced the introduction of a Mobile money account for Nigerians living abroad in socalled “diaspora”, an account which will include a linked Visa Virtual Card as a...

SA’s outdated banking regulations stifling innovation, preventing competition

October 17, 2016 • Finance, Southern AfricaComments Off on SA’s outdated banking regulations stifling innovation, preventing competition

While the stringent financial regulations in South Africa protect consumers and the financial services sector from systemic risk, they also create high entry barriers for innovative entrepreneurs looking to improve the industry’s customer value proposition....

Mastercard reinforces commitment to drive Digital Transformation in Zimbabwe

Rwanda: Mastercard, GTBank partner in digital payment partnership

October 14, 2016 • East Africa, Finance, Top StoriesComments Off on Rwanda: Mastercard, GTBank partner in digital payment partnership

Mastercard and Guaranty Trust Bank Rwanda Ltd (GTBank Rwanda) are building on their long-standing partnership in Rwanda by introducing a suite of digital payment solutions, aimed at extending the demand for safe and convenient payment solutions. GTBank...

PayU launches operations in Kenya

Computop, PayU ink retail partnership

October 14, 2016 • Finance, Retail, Southern Africa, Top StoriesComments Off on Computop, PayU ink retail partnership

PayU and Computop have announced a partnership that will provide South African retailers with payment solutions for high growth international markets. Retailers are now able to effectively conduct online and mobile business throughout most of the world via...

Digital Financial Inclusion – Why is it important?

October 14, 2016 • Finance, Top StoriesComments Off on Digital Financial Inclusion – Why is it important?

The world is a growing and dynamic place. Despite the obvious challenges, it is generally becoming a richer and more prosperous place to live in with more people being lifted out of poverty than ever before. For people in low- and middle-income countries,...

​Mobile-first: The way forward for financial services sector

Why fintech has created a golden moment of opportunity for savvy banks

October 13, 2016 • Finance, Security, Top StoriesComments Off on Why fintech has created a golden moment of opportunity for savvy banks

With the disruptive arrival of financial technology tools and platforms, banks worldwide have been besieged with gloomy forecasts. Advisory firms and analysts are feverishly crunching the numbers and warning of a tech-fuelled banking revolution – with the...

VMware and Google unveil strategic partnership

ThisIsMe to use Blockchain technology

October 12, 2016 • Finance, SecurityComments Off on ThisIsMe to use Blockchain technology

ThisIsMe (TIM) has announced it will soon be launching blockchain technology to further enhance its current services of true identity (ID) verification, onboarding, background checks and KYC/AML (know-your-customer and anti-money laundering). “While often...

Uganda to implement online mining licensing system

Ubank partners WIZZIT to launch digital payment platform

October 11, 2016 • Finance, Mobile and Telecoms, Southern Africa, Top StoriesComments Off on Ubank partners WIZZIT to launch digital payment platform

Ubank, has shaken up the financial services industry by launching their own mobile and digital payment platform in partnership with WIZZIT International. The implementation of the platform – nicknamed Vulindlela – aims to competitively position Ubank to...

Absa now has end-to-end view of customers’ digital experiences

October 11, 2016 • Finance, Top StoriesComments (1)

Absa has implemented a suite of CA Technologies solutions that enable the bank to see how customers use and consume mobile and digital services, in real-time, this is part of a top-to-bottom renovation of its 24-hour Operations Command Centre. It has also...

Walletdoc, Absa implement new payment solution

October 10, 2016 • Finance, Startups, Top StoriesComments Off on Walletdoc, Absa implement new payment solution

Absa has partnered with walletdoc in a bid to offer users a smart, secure and convenient way to pay bills such as monthly subscriptions and utilities. The payment solution notifies the user when bills arrive, sends reminders when bill payments are due and...