Managers of Wealth Africa

Absa Wants to Introduce a Digital ID in South Africa

An SSDI system uses secure electronic “credentials” that are issued by relevant authorities – such as Home Affairs,

African fintech companies raised a record $1.44bln since Jan 2021

The coronavirus pandemic has also highlighted the need for e-payment solutions on the continent, especially in large economies such as Nigeria, Kenya, South Africa, Egypt, and Côte d'Ivoire.

Interswitch and Codebase Technologies to enhance digital financial services across Africa

Working with the Codebase Technologies team, will help Interswitch to broaden its current digital offering, whilst leveraging Interswitch’s brand recognition to increase the reach and visibility of Digibanc™ SaaS in Africa.

Digital ID for South Africa built on blockchain tech

The bank said this would transform the arduous document-based process typically required each time you need to prove an aspect of your identity into an electronic mobile request/response that takes seconds.

Hackers breach South Africa’s courts — systems crippled and people’s banking details compromised

According to Rapport, the State IT Agency’s (Sita) protective barrier to the Department of Justice’s servers was affected.

Cybercrime, a Barrier to Africa’s Thriving Digital Economy

READ NEXT Central Bank of Mozambique Keeps Interest Rate at 13.25% Cybercrime is one of the top risk factors likely to jeopardize Africa’s economy especially at this time when the continent is transitioning to E-commerce under the Africa Continent

Standard Bank warns of new scams targeting customers in South Africa

“An offer that seems too good to be true should make you suspicious,” warns the South African Banking Risk Information Centre.

E-Naira: What experts are saying about Nigeria’s project “Giant”

Dumebi Udegbunam, Fixed Income trader at UBA, hailed the move by the apex bank as a formidable step as the nation navigates into the 4th industrial revolution.

A mobile money company is Francophone Africa’s first billion-dollar startup

In addition to Senegal, its biggest market, Wave also launched in Cote d’Ivoire in April this year, and plans to step into Uganda, Mali, and other African markets.

Ghana Banking Roundtable reveals a sector buoyed by digital prospects

Also, present were Aymen Daoud and Alexander Bailey, Regional Head and Business Development Manager – Africa respectively of Backbase.

Nedbank picks Kasisto for AI chatbot

"Our KAI- powered intelligent digital assistant, Enbi will deliver truly intuitive and engaging digital banking experiences our customers are looking for."

FNB warns of new online scams targeting customers

As much as digitisation drives efficiencies and streamlines processes, digitisation

Navigating the Post Pandemic World: Changes That Are Here to Stay

To effectively drive customer experience, whether B2B or B2C, firms are sailing off to digital.

Absa : Announces Collaboration to Strengthen Digital Partnerships Ecosystem Across Africa

Absa is looking to accelerate its digital transformation through strategic partnerships

Bank Of Africa selects SBS for North-South money transfers

By capitalizing on open banking opportunities with next-generation money remittance software, we will reduce the cost of money transfers and simplify the customer experience.

Invest Africa Partners With Google and KPMG to Support Over 500 SMEs

The firm further notes that African MSMEs have historically faced numerous barriers to growth.

3 innovative Neobanks changing the banking industry in Africa

Chipper Cash, raised $30 million in the Series B funding round, that was led by Ribbit Capital, with the participation of Bezos Expeditions — the personal Venture Capital fund of Jeff Bezos.

ComiBlock, A Nigerian Startup To Help Users Invest In Cryptocurrencies

ComiBlock is for now focused on Africa, but looking at a global scale.

LoftyInc Capital launches third fund at $10M for a more diverse portfolio of African startups

In Francophone Africa, the company has invested in Afrikrea and Star News Mobile. Then in Omnibiz, RXAll, Sudo Africa, Tech Advance, Aladdin, Flex Finance, Star Kitchens Group, and EPump across West Africa.

One of South Africa’s oldest companies is targeting fintech and insurtech for future growth

Higher average FUM levels drove higher asset-based fees for the period.

FinTech