Now more than ever, insider threats pose a serious risk to financial institutions, especially those that have transitioned to alternate work environments to ensure business continuity, warns Fortinet.
Fortinet’s 2020 Securing Remote Work Survey revealed that the shift to remote work was putting pressure on security teams and increasing the...
Kenya is reportedly planning to impose double tax on giant tech companies like Amazon, Google, Apple, and Facebook which use the internet to market and sell products.
According to Business Daily, the country's Treasury has proposed to increase digital tax service (DST) to three percent of the gross value of...
Before looking at the taxation of NFTs, it is important to understand what they are. In short, an NFT, or non-fungible token, is a unique blockchain-based digital asset. Being unique in its properties, an NFT cannot be duplicated and the content linked to it could take any digital form, for example,...
SWIFT, financial messaging services has announced a new real-time payment controls service to complement and strengthen its customers’ existing fraud controls. The new fraud and cyber-crime prevention service will enable SWIFT customers to screen their payment messages according to their own chosen parameters, enabling them to immediately detect any...
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 and companywide innovation by not only allowing flyEgypt to offer new payment solution for...
Netflix’s smash hit series Squid Game has prompted fans to create everything from reenactment videos to custom merchandise. The strangest creation by far, though, has to be SQUID, a crypto-asset inspired by the series.
In less than a week, from 26 October to 1 November, SQUID’s price surged by over...
South African-founded Luno has officially recorded seven million customers (wallets) - just seven weeks after reaching the milestone of six million customers.
The business believes this growth is due to the simplicity of its online and mobile platforms, offering education, bank-grade security and self-regulation. It is actively working with regulators and...
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 associated with the virtual currency, Bitcoin, blockchain technology is now being considered as an additional layer of...
While $10,000 is not a fortune, it is enough to create meaningful wealth over the long term.
Consider that $1,000 invested in Amazon would be worth nearly $220,000 today, growing at an average annual return of 30.88%. Or that $1,000 invested in Berkshire Hathaway in 1970 would be worth nearly...
Leading tech and financial gateway service provider PAYM8, announced the expansion of its e-commerce offering. This comes in response to the South African e-commerce market’s projected growth of 11.89% in the next five years, reaching a market volume of US$9.97 billion, roughly R75 billion, by 2027.
As consumers increasingly value...
Banking apps on mobile phones, which use sophisticated security and authentication technology, are starting to offer a wider set of online transactional services to consumers. Fears about security are one of the last barriers to more widespread mobile transactions, but people trust their banking apps and are increasingly prepared...
The prices of Bitcoin and other cryptocurrencies saw remarkable surges over the weekend driving the entire crypto market to its all-time high of around $2.5-trillion.
Bitcoin itself is seeing a nearly record breaking surge, climbing to over $60,000 per coin for the first time since May. The all-time record price...
Applications have opened for the Barclays Accelerator programme, powered by Techstars, an initiative aimed at uncovering the next M-Pesa or Paypal by working with exceptional fintech entrepreneurs innovating Africa’s financial services industry.
This collaboration between Barclays Africa and Techstars offers a game-changing opportunity to 10 qualifying fintech startups, which will...
WorldRemit, a digital remittance service, has commended the restoration of money transfers to Nigeria, following the decision of the Central Bank of Nigeria (CBN) to approve WorldRemit and other international money transfer operators (IMTOs).
At the beginning of August 2016, hundreds of IMTOs suspended their operations, leaving the Nigerian diaspora to...
Luno has announced that has registered over 5 million customers in over 40 countries and has now made its platform available in Australia. The launch comes shortly after the crypto exchange revealed it would also be available in the UK.
Marius Reitz, Luno’s GM for Africa, says that key factors...
Mastercard joined US Vice President Kamala Harris for a roundtable discussion in Zambian capital, Lusaka, where she issued a call to action to public and private sector leaders to invest in national financial inclusion strategies to close the digital divide across the continent.
Only an estimated 33% of the population in Africa use the internet and only...
