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Mastercard opens up its blockchain technology
Mastercard has announced that it will be opening up access to its blockchain technology via its API published on Mastercard Developers. Mastercard’s blockchain solution provides a new way for consumers, businesses and banks to transact and is key to the…
Kenya: National Bank upgrades mobile banking services
The National Bank of Kenya has announced that it will upgrade its mobile banking services. According to the bank, the upgrade includes new services with improved safety as the lender seeks to grow new revenue streams through digital avenues. The…
Digital is changing everything in financial services
People have strong views on the impact of digital technology on their lives, from the excitement of getting a new gadget to the satisfaction of doing in minutes what used to require a trip or a long phone call. Contrary…
Ghana: EWB invests into fintech startup Bloom Impact
Engineers Without Borders Canada (EWB) announced on Friday 20 October that the organisation has invested in Ghanaian fintech startup, Bloom Impact, to help it scale up its operations and give more people access to financial services. Bloom Impact is essentially…
Digital banks are becoming a reality
The services offered by traditional banks are too restrictive for what smaller retailers require and many of them are looking for alternative solutions. Disruption in the financial space is inevitable and company heavyweights such as Discovery and Outsurance are taking…
Fintech innovators reveal top 4 core challenges
At the inaugural African Fintech Unconference, organised by Nomanini and the Bankable Frontiers Association with the support of the Mastercard Foundation, a cross-section of professionals from the local and global fintech sectors gathered for two days to discuss key opportunities…
Orange money partners with Barclays to introduce money transfers in Botswana
Orange Money has partnered with Barclays Bank of Botswana to introduce money transfer services. The partnership will allow the bank’s customers to transfer money from their bank accounts to Orange Money wallets. The new “Bank to Wallet” service allows customers…
Consumers expect full banking service delivery to their smartphones
Smartphones are the new hub from which tech-savvy consumers run their financial lives. In the developed world, bank branches are closing at an accelerated rate due to a decline in the use of cash and the huge uptake of digital…
2017 African FinTech Awards: FNB named Africa’s most innovative bank
South Africa’s First National Bank (FNB) announced on Friday 13 October 2017 that the bank has once again been awarded The Most Innovative African Bank at the 2017 African FinTech Awards, which took place in Johannesburg on the 12th of…
Two African Companies Make 2017 Top 50 Digital Banks List
On Tuesday 10 October 2017, Financial IT Magazine released their 2017 Financial IT Top 50 Digital Banks list. Making it onto the list were two African companies, which included Nigerian Fintech company, Kudimoney, and South African company Bettr Finance. Financial IT Magazine,…
FNB’s “Bank Your Change” feature saves South Africans R1 billion
South African bank, First National Bank (FNB), announced on Tuesday 10 October 2017 that the company’s “Bank Your Change” feature has allowed FNB customers to save over R1 billion in the past 14 months from small change when shopping. ‘Bank…
Safe banking in the virtual money market
On the back of the digital transformation, the virtual money market has seen exponential growth and has changed the way that many people deal with money. While it may be difficult to imagine a cashless society, it’s important to understand…
The binary art of selling in a digital world
We often mention that we live in the digital age, where information flows at faster speeds, is more complex and is more accessible. As much as this information can be analysed by businesses to make better-informed decisions, the real question…
South Africa gets first of it’s kind machine learning powered unit trust fund
A machine learning powered unit trust fund has been launched in South Africa. The fund uses machine learning to drive research, analysis and stock selection. The NMRQL SCI Balanced Fund, administered by the Sanlam Collective Investments platform, is a FSB-approved…
DHL and MallforAfrica to sell African goods to US customers
International express services provider, DHL Express and global e-commerce company, MallforAfrica will – according to both firms – now enable customers in the United States to purchase locally manufactured products online. US customers will buy the products via the eBay platform…
South Africans lead the way in Mobile Banking
Consumers in South Africa prefer a digital-first approach to resolving their basic banking issues, only talking to a human being if they have to, according to a new survey from Avaya. Out of nine countries surveyed, South Africans were the…
