Managers of Wealth Africa

Banks take the lead in embracing digital payments

According to a research paper published by the Boston Consulting Group (BCG), the volume of digital payments is soaring and by 2020 is likely to approach $5 trillion worldwide.

SFF spotlight on digitisation of the Afro-Asia SME corridor: A multi-trillion economic zone

Significantly for Africa, this momentous event marked the start of discussions between Singapore’s central bank MAS and the Bank of Ghana, the Western Africa country’s central bank

Mental wellness platform Lyra Health is raising up to $175M at a $2.25B valuation

Right now it’s available in Kenya and Nigeria, which have a combined population of over a quarter of a billion people.

BankBI Integrates with Musoni

Musoni specialises in helping organisations to digitalise their operations.

Kenya, Tanzania and Rwanda rank top for rapid digital growth, demand

This adds to other cables serving Kenya such as Seacom, East African Marine System (Teams), Eastern African Submarine Cable System (EASsy) and Lion2 systems.

Bank-FinTech Collaborations Digitize Trade Finance, Enhance Online Banking

Synctera left stealth and emerged with news that it landed $12.4 million in seed funding, according to published reports.

Digitalisation to help Nigerian banks reduce cost

The four dimensions, according to the report, are scale, efficiency and productivity, data and analytics as well as talent hunt.

Kenya-based fintech wins 2020 AFI Inclusive Fintech Showcase

The showcase is an initiative operating under the 2018 Sochi Accord with AFI’s membership that aims to participate in systemic dialogue-driven platforms and partnerships with fintech firms and technology providers that regulate policies.

Standard Bank: Accelerating towards Africa’s digital future

In South Africa, the government granted temporary emergency wireless spectrum to operators to allow them to add network capacity and implement upgrades to deal with the crisis and manage for the increased demand.

African tech companies are having a good year

Tech start-ups on the continent have fared well regardless of the pandemic-stricken year

Digital Transformation: Obaro calls for attention to cybersecurity

The technology expert further highlighted data breaches, data loss, access control, denial of service, insecure interfaces and poor API implementations, as some of the security challenges faced by organisations and government today in the use of cloud.

Standard Bank goes live on Traydstream platform

Traydstream digitises documents such as the Letter of Credit, Foreign Bills of Collections and Open Account Trade Finance.

Abu Dhabi Wealth Fund Targets Africa, Renewables to Lift Returns

The $710 billion fund, known as ADIA, this year started a climate-change equity portfolio aimed at boosting its green-economy exposure, and is a shareholder in sustainable-energy projects that generate more than 20 gigawatts of power.

Banking has gone beyond brick and mortar – Ecobank boss

Ecobank to use agency network and digital platforms as a means of being able to distribute banking services to people.

Access Bank Partners Coronation Insurance for Bancassurance

As part of efforts to deepen the financial services industry in Nigeria, Access Bank and Coronation Insurance are collaborating to drive an innovative, efficient and dynamic bancassurance system.

Ayeyemi: Digital Platforms Now Preferred Banking Method

The first one was the question of the goodwill that we are holding in the book of the holding company, relating to the acquisition of Oceanic Bank that ETI did in 2011, which is almost nine years.

CIBN Urges Banks to Strengthen Cyber-security

He urged banks to continue to reinforce their Risk Management Framework in tandem with government policies and urge the banks to consider conducting more market research on how customer needs might change in the Post COVID era.

StanChart launches a ‘Women in Technology’ incubator programme

“The Women in Tech Incubator will provide an opportunity for women-owned or led businesses to thrive in a post COVID-19 digital world by tapping into the opportunities offered by technology adaptation.”

Crypto pioneer buys a R600k house with crypto and it ends up costing R200k

Using a smart contract, with no ID, email or customer information required.

Telkom launches WhatsApp payment service

They will then be able to message this contact and follow the prompts to enable Telkom Pay.