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 infrastructure to the cloud, making it the first bank in the country...
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 female-powered reach throughout the continent. “Women are critical to the future...
On 30 August 2019, Japan and the African Development Bank announced a joint target of $3.5 billion under the Enhanced Private Sector Assistance for Africa initiative (EPSA4). The announcement was made at the 7th Tokyo International Conference on African Development (TICAD 7). Japan and the Bank have set a...
Artificial Intelligence (AI) Software and Solutions company, Cortex Ventures launched in May 2019. The company aims to unlock the entrepreneurial opportunities offered by the 4th Industrial Revolution by investing in smart-technology driven startups. On Tuesday, 27 August 2019, Cortex Ventures announced that CEO, Dr Nick Bradshaw, would be a panellist...
Open-source and decentralised privacy cryptocurrency, Zcoin ($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 to fill the vacuum in offering privacy with the introduction of $XZC...
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 published a detailed whitepaper outlining its plan to release the highly anticipated...
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 Centre for Innovation in Shelter investment is part of Habitat for Humanity's mission to extend...
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 in foreign countries can use the platform to give...
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 account via their mobile phones remotely through their secure golden triangle of identity verification. "Shyft...
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 against often astronomically high excess payments for car rental. CarSure recently...
South African financial comparison company, Fincheck announced on Monday, 26 August 2019, that it has taken over the full management and equity in FundingHub - allowing Fincheck to sign on 71 banks, lenders and insurers. Michael Bowren, Fincheck CEO, says, “FundingHub allows SMEs to apply for business finance, compare multiple...
Financial journal, Global Finance has named Standard Chartered Bank the Best Consumer Digital Bank in Kenya for 2019. The journal recognised SCB for its information security and fraud management systems under its digital offerings. Commenting on the Award, Standard Chartered Bank Managing Director and CEO Kariuki Ngari says, " continue...
Bitcoin-based trading platform, PrimeXBT announced on Wednesday, 22 August 2019, that it has lowered its trading fees. According to the platform, the new fee structure includes a reduction in overnight financing fees on all crypto trading pairs, as well as a 10x reduction in trading fees across all forex...
A new kind of credit card, created by Apple and not a bank, was officially launched on Wednesday, 21 August 2019. In a statement made by the company, the Apple card has been built on ‘simplicity, transparency and privacy, and designed to help customers lead a healthier financial life’. Apple...
South African telecoms provider, MTN announced on Friday, 16 August 2019, that a subsidiary MTN Nigeria Communications PLC has been granted permission to offer financial services by Nigeria’s central bank.  The announcement comes after the Nigerian government decided last year that it would enable telecom companies to offer banking services...
Fintech company uKheshe recently announced the completion of its first seed investment round. uKheshe was initially under incubation as a CSI initiative within Jini.Guru, a software development house. uKheshe has successfully closed independent seed funding with both Fitech Ventures and the Ocean on 76 Group. Co-founder of uKheshe, Clayton Hayward,...
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