Managers of Wealth Africa

South AfricA: Sharp Increase in Bank Card Fraud

The banking industry's gross losses due to South African issued credit card fraud has increased by as much as 23% from last year.

Equity Bank’s Ultra-Thin SIM Technology to Go Live in January

Equity Bank plans to officially launch its mobile money platform Equitel – the trading brand of its telecoms subsidiary Finserve Africa – next quarter.

Mobile apps mean cash no longer king

THE increase in mobile apps that allow people to pay for services and merchandise without needing hard cash or bank cards means that more people are able to run their lives with just their cellphones.

Chip cards don’t solve SA’s fraud problem

Despite the introduction of Europay, MasterCard and Visa chip cards by South Africa’s banks, fraudsters continue to clone the cards to use them in countries that haven’t implemented the EMV standard for card payments.

Ecobank Wins Award for 'Best Use of IT in Wholesale/Transaction Banking'

Receiving the award on behalf of the Ecobank Group at the awards ceremony held at Tower Hotel in London on 20 November

These Cities Have The Ingredients To Become The Next Silicon Valley

When asked to name the world’s startup capitals, people normally think of Silicon Valley, London or New York. But with innovation on the march globally, the emerging markets have strong potential to become the next hotspots for entrepreneurs.

Access Bank, Airtel collaborate on financial inclusion

If the poor are brought into the banking system through appropriate technology, it would make a good business for the banking industry, he added.

Appleby Mauritius signs for Linedata Admin Edge

Linedata , the global solutions provider dedicated to the investment management and credit industries, today announced that Appleby Management Ltd has selected Linedata Admin Edge to run its administration services in Mauritius as it gears up for expansio

Databank Brokerage Limited acts as Sponsoring Broker for inaugural listing on the Ghana Alternative

The GAX is a parallel market operated by the Ghana Stock Exchange which focusses on businesses with potential for growth. On 14th

Evolving to Digital Bank Model Could Drive 5.6 Percent More Profitability for Banks

Explosion in Customer Adoption of Technology Increasing Expectations of All Age Groups

Kenya Commercial Bank Earmarks U.S. $6 Million for Core Banking System Upgrade

The bank has recorded 167,350 likes on their Facebook page and close to 50,000 followers on twitter.

MENA banking IT spend to hit $13.1 billion in 2014

This forecast includes spending by banking organisations on internal IT services, including personnel, IT services, software, data centre technologies, devices and telecom services.

Angolan President’s Daughter Bids to Buy Portugal Telecom

Conditions include an acceptance level of more than 50 percent and no major changes such as a sale of strategic assets. Portugal Telecom rose as much as 15 percent in Lisbon.

SS&C Announces Executive Promotions to Strengthen Private Equity and EMEA Teams

SS&C Technologies has announced key executive promotions to further extend its focus and capabilities in both its private equity software and fund administration services businesses.

'Mobile phone apps cutting into wealth management industry'

This technology is being used by hedge fund managers launching funds running on Algorithmic Cloning Technology, said Nakul Gupta, Chief Technology Officer at the Singapore-based Clone Algo group.

Africa’s emerging markets offer high growth for e-Commerce

Africa offers enormous growth potential for e-retailers given that online shopping is in its infancy in the region. This is according to Sumesh Rahavendra, head of marketing for DHL Express Sub Saharan Africa (SSA), who says the recently released ‘S

UBA and Ixaris to deliver e-Commerce payments to over 10m across Africa

The new virtual payment card will also enable UBA corporate clients to take advantage of the wider range of goods and services available on the Internet

Sterling Bank partners SecureID for financial inclusion

STERLING Bank Plc has entered into new partnership with SecureID Nigeria Limited, a digital solution provider, to provide a new Biometric Identification Card as a mean of driving financial inclusion in Nigeria.

UBA partners Ixaris over virtual card payments

The e-commerce market in Africa is predicted to reach $75 billion by 2025[1]. However, many consumers and businesses across the continent currently lack a secure, convenient and low-cost means to make purchases online.

Africa - A Unique Continent by Arun Sarwal, CEO, DST Global Solutions

Arun Sarwal speaks to Africa Asset Management magazine about the key trends DST is seeing in Africa, and considers how African investment firms can prosper in this article: A Unique Continent.

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