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FinTech

06/28/2021

Trail of SA brothers linked to missing Bitcoin stash is still murky

A "To Let" sign could be spotted Saturday, fastened to a glass door of vacant office premises in Johannesburg’s upmarket Rosebank business hub that were listed in Africrypt’s communication with clients.

06/28/2021

Scammers Create Bitcoins Wallet And Disappear $3.6 Billion From South African Investors

At that time, when its users started complaining and suspicions were raised, the brothers called for calm and asserted that the reason behind it all was that the company was the victim of a hack.

06/27/2021

Tanzania’s Central Bank Working on Reversing Crypto Ban, Following President’s Directive

The Bank of Tanzania prohibited the use of cryptocurrency assets in the country back in November 2019, saying that they were illegal.

06/23/2021

South Africa Bank Blocks Clients From Buying Crypto on Binance, Exchange Rejects Allegations

In this latest document, the IFWG recommended that South Africa should now consider regulating cryptocurrencies.

06/22/2021

NCBA Bank: Investing in Technology to Offer Inclusive Financial Services

NCBA Bank took on an ambitious project with Huawei through its partner, MuRong Technology, which would see it build a next generation core banking system

06/21/2021

HSBC corporate clients to transfer funds locally in near real-time via IPS

This service is available on business days with a cut-off time of 3pm, using its Global Net Banking channel, HSBCnet.

06/21/2021

Crypto exchange VALR provides new payments tool

“The cost and friction of payments in South Africa is too high,” says Farzam Ehsani, VALR co-founder and CEO.

06/20/2021

Communication Authority launches mobile app for cyber crime reporting

The Communications Authority (CA) of Kenya has launched a mobile application for reporting cybersecurity incidents, following a surge in detected cyber threats during the Covid-19 pandemic.

06/20/2021

Demand For Finance Apps At ‘All Time High’ In Sub-Saharan Africa: Report

With 56 per cent of the population in Nigeria ‘unbanked’, many are turning to apps to access key financial solutions including: loans (43.3 per cent), financial services (35.6 per cent) and investments (20.3 per cent). Africa as a whole record

06/18/2021

In crypto, South Africa is forging a different path than the rest of Africa

South Africa was fourth with $25.8 million.

06/17/2021

Debunking the biggest cryptocurrency myths in South Africa

Further to this, cryptocurrency cannot be duplicated in any way or be printed as endless money, the way central banks have been doing throughout the years.

06/16/2021

Leveraging Open APIs to build your digital ecosystem

There are mutual advantages of adopting an open API architecture

06/16/2021

Using blockchain to build a world of lotteries and payments, united without borders

And this is a problem because financial inclusion is an essential step toward combating poverty and income inequality.

06/16/2021

Standard Bank Partners with Microsoft to Boost Agility, Resilience and Innovation and Drive Africa’s Growth

Creating a digital platform, application modernisation and cloud migration of the continent’s largest financial institution will enable innovation, resilience and cost-efficiencies allowing Standard Bank to respond to customer needs

06/16/2021

Technology for Regulatory Compliance: Vizor Software

The platform has enabled the central bank to consolidate data collection across its various departments into 42 returns, with over 250 forms and 400 validation rules.

06/15/2021

Bitcoin closes in on $40,000 as Elon Musk and Tanzania give the markets a lift

“The Central Bank should be ready for the changes and not be caught unprepared.”

06/15/2021

United Bank for Africa taps Irish fintech Layer for expansion drive

The company is one of the only European fintech firms to work directly with an African bank in rolling out a fast-paced, collaborative platform that aims to transform how data is utilized across the banking sector.

06/14/2021

Revving up Self-Disruption: Standard Chartered’s African Odyssey

To bring the issues into perspective, let me outline Standard Chartered’s journey towards digitisation and self-disruption in Africa.

06/11/2021

Africa Fintech Foundry, Access Bank promote ‘Women in Tech’

This virtual event is open to businesswomen, women-owned tech startups, tech CEOs, students, tech enthusiasts, venture capitalists, bankers, among others.

06/11/2021

CBN’s digital currency’ll begin before 2022– Bankers’ Committee

For over two years now, she added, the CBN had been been exploring technology and had made tremendous progress.

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