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Should the world be following Africa’s mobile banking example?
Entersekt CEO, Schalk Nolte, looks at how African banks are responding to mobile security threats and points out that the rest of the world should be taking a page out of their book. The growth of mobile banking has surged over the…
Ericsson reveals Emergency Wallet to support humanitarian responses
Ericsson has committed to developing Ericsson Emergency Wallet, a mobile financial services solution, for deployment in the immediate aftermath of disaster or crises to support humanitarian organizations and affected populations within Africa as well as globally. The company revealed that…
FinTech must identify the problem if disruption is to be successful
Kevin Johnson Head of Innotribe Innovation Programmes at SWIFT, says Innotribe has learned from its work with the FinTech ecosystem. “Always start with clearly identifying what problem you are trying to address. If you don’t, you end up with a…
The rise of African fintech is changing the way Africans transact
Fintech is disrupting the way ordinary Africans manage and use money. And these fintech players are standing up to traditional institutions as a force to be reckoned with. Accenture estimates that over one-third of mainstream financial services’ revenue is at…
Innotribe opens doors for East African fintech startups
Swift expects even greater innovation and a shift away from mobile technology at the 2016 Innotribe Startup Challenge for Africa. The Challenge, now open for applications, will take place at Swift’s African Regional Conference (ARC) in Mauritius on 17-19 May…
Mobile phones provide fast track to financial inclusion in Sub-Saharan Africa
Even as mobile money services become part of daily life for millions in Sub-Saharan Africa, many potential customers face basic barriers to accessing the services on their own mobile phones. Lack of awareness and basic prerequisites, and low appreciation of…
MTN Group’s 2015 financial results detailed
MTN Group’s 2015 financial results reflect the challenging operating environment the business experienced in the year. Weak macro-economic conditions, increased market competition, heightened regulatory pressures, notably in Nigeria, and operational challenges in some of our markets resulted in a lower-than-expected…
Cape Town based FinTech start-up raises USD 2 Million
Digital insurance distributor Hepstar has received USD $2 million in funding from UK-based technology investor Amadeus Capital Partners. With the new funding, the company has revealed that it will build on its momentum by expanding its global reach, accelerating technology…
Deloitte Digital acquires fintech agency
Deloitte Digital (Africa) has acquired fintech services business, Jinja Interactive, as part of its strategy to build a fully-integrated digital transformation business, providing digital innovation and customer-centric engagement solutions to its rapidly growing list of clients across Africa. The acquisition…
New malware targets Android users for financial gain
Kaspersky Lab’s Anti-Malware Research team has discovered Asacub – a new malware that targets Android users for financial gain. When first identified, Asacub displayed all the signs of an information stealing malware; however some versions of the Trojan are targeting…
Top Predictions for FinTech, Mobile Money & Financial Inclusion in 2016
Alix Murphy, Senior Mobile Analyst at global money transfer app WorldRemit, has put together her top 3 predictions for Mobile Money, FinTech and financial inclusion in 2016. The predictions can be found below: Predictions for 2016 1. Financial inclusion will…
Are Cloud solutions taking over the financial institution landscape?
Cloud-based services have become increasingly popular amongst large and small businesses. This change in technology and regulation means that financial institutions are under pressure to source solutions that are flexible in meeting security risks. Banks need to meet consumer demands…
Financial Innovation Summit: A Vision for the Bank of Tomorrow
Hosted by IT News Africa, and sponsored by Telkom and Hitachi Data Systems, the Financial Innovation Summit was held at the Radisson Blu Gautrain Hotel in Sandton, Johannesburg. The Summit which was held on 28 October 2015 addressed the theme – “Advancing Financial…
Financial inclusion is still met with a number of challenges in Africa
One of the most life-altering and important drives in the developed world is the drive towards financial inclusion. While this drive may be derived from the incentive for banks to increase their customer base, it is to the advantage of…
Female tech entrepreneur develops on-demand network for financial advice
Riovic, which is a virtual financial advice service in South Africa, will – according to the startup – change financial services forever in South Africa. According to founder Naledi Mokoena: “The startup can be referred to as the Uber of Finance…
Financial Innovation Summit: Transforming Financial Services with the Power of Analytics
Hosted by IT News Africa, and sponsored by Telkom and Hitachi Data Systems, the Financial Innovation Summit was held at the Radisson Blu Gautrain Hotel in Sandton, Johannesburg. The Summit which was held on 28 October 2015 addressed the theme – “Advancing Financial…
