Managers of Wealth Africa

SA digital banking fraud soars 75% in a year

A total of R262.8m was lost to digital fraud in 2018, compared with R250.5m in 2017.

A vibrant digital economy to accelerate Africa’s transformation

The panel also highlighted the main recommendations from the report of the joint European Union – African Union Digital Economy Task Force (DETF), co-chaired by Guislain and Ghanaian Minister of Communications Ursula Owusu-Ekuful.

Digitalisation key as Africa bucks world growth trends

World Trade Organisation estimates show that the volume of global merchandise trade grew by 3% in 2018, down from 4,6% in 2017.

FNB, Capitec tied for South Africa’s best digital bank

Absa has also noted a significant upward trend, scoring 12 points higher today than five years ago.

In Sudan, internet users find ways to beat blackout

Internet on mobile phones and fixed land connections has been widely cut across Sudan since the violent dispersal of a protest camp outside army headquarters on June 3 that left dozens dead and hundreds wounded.

Ethos AI Fund backs South Africa's first fully digital bank

Ethos Artificial Intelligence (AI) Fund and co-investors have invested R200m in recently launched digital bank TymeBank, which is majority owned by African Rainbow Capital (ARC).

Sasfin establishes Digital Advisory Council

Specialist financial services provider Sasfin Bank has established a Digital Advisory Council to provide the market with industry-leading expertise and insights on trends shaping the use of technology in financial services.

Bamboo Capital to Invest $112m in Bloc Fund for Fintech Investing with Support from Smart Africa Alliance

The announcement follows the establishment of an agreement between Smart Africa and Bamboo Capital whereby Smart Africa will shortlist businesses in which Bloc may choose to invest.

Data costs are preventing African consumers from taking full advantage of the crypto economy

Cryptocurrencies offer a financial lifeline to people excluded from the formal financial economy and to those living in oppressive political or economic regimes. Digital private currencies allow individuals to move their money across national borders with

Bank ABC Partners with Jumio to Become First Bank in the Middle East to Employ Biometric-Based Digital KYC Functionality

The company’s partnership with Jumio streamlines digital onboarding, eliminating the need for customers to visit branch offices when creating new banking accounts

ADB launches digital financial inclusion fund

The grant will create an interoperable digital payment system that will allow consumers to send and receive money between mobile wallets, and from these wallets to other digital and bank accounts.

South African banks fighting over scarce IT skills

Standard Bank, Absa, Nedbank, and FNB all said that it was becoming increasingly difficult to find skilled IT workers to aid in their digital migration efforts.

In race to digitise, skills gap a drag on South Africa's big banks

Digital-only challengers enter market.

Airtel Africa eyes £3.6bn valuation in London IPO

Continent’s second biggest mobile operator sets price range at 80-100p

Citibank officially invites Pakistan to international fintech competition

The challenge is going to revolve around four main problems, namely digitized cash collections, assured payments, B2B2C enablement and digitizing trade processes.

WorldRemit intros money transfer service for SMEs

By extending its money transfer service to SMEs, WorldRemit says it aims to save businesses time and money when they make international payments.

The Future of Banking: Fintech's Prospects in The Middle East And Africa

Fintech in the MEA will continue to slowly expand and therefore constitute a limited threat to the region's well-established financial institutions

Citi issues call for entries to Mena Fintech Challenge

The launch of this challenge is an important milestone in our quest to uncover innovative solutions for our clients

Standard Chartered innovation fund eyes FinTech investments in the region

The lender is building a venture portfolio focused on digital transformation in finance

African insurer won’t work with ‘high-risk’ cryptocurrency mining businsesses

It's too high risk for the insurer