Managers of Wealth Africa

Standard Bank mulls South African MVNO

In 2015, First National Bank (FNB) became the first financial institution in the country to launch an MVNO, using Cell C’s infrastructure.

Ecobank fintech boosts financial inclusion in Africa

However, there are many barriers to wider use of new technology where a step change is needed in attitudes and approaches towards innovation.

Rand Merchant Bank to transform into a digital bank

As an innovation hub, the FOUNDeRY gives RMB the space to experiment safely with new ideas and encourages people to think differently while still striving for excellence each day.

Absa goes live with Finastra PAYplus for CLS

Absa became a direct CLS settlement member at the end of 2017, having previously been an associate member, operating through Barclays.

FOUNDeRY: Rand Merchant Bank’s transformation into a digital bank

As an innovation hub, the FOUNDeRY gives RMB the space to experiment safely with new ideas and encourages people to think differently while still striving for excellence each day.

Reserve Bank confirms that it is looking to regulate Bitcoin and cryptocurrencies

The SARB expects to complete the review in the second half of 2018.

Mauritius plans to set up sovereign fund to develop Fintech

Mauritius plans to establish a sovereign fund to provide seed capital for development of financial technology or fintech activities in the island nation.

Why should you consider outsourcing?

As wealth management businesses grow they start facing some internal challenges such as regulatory changes, increased demand from clients/investors and accessibility to back-office data.

South African bank partners with UnionPay on cashless options

UnionPay is one of the world's leading card payments systems and hosts the majority of transactions in China.

Proparco secures US$5m stake in TLcom TIDE Africa Fund

The financing institution believes mobile phone penetration is critical to sustainable development and the role played by tech start-ups.

South African central bank sets up full-time fintech unit

South Africa has a relatively small, but growing fintech industry

How secure contactless cards are in South Africa

The head of consumer issuing at Absa Card, Tshipi Alexander, said they randomly request a card’s PIN – even on small transactions – as an additional safety measure.

VoguePay to launch digital banking platform for SMEs

VoguePay has said it will launch a new digital banking platform, VoguePay3.0, for the Small and Medium Enterprises.

MoolahGo soft-launches fintech marketplace in South Africa

MoolahGo is licensed and regulated by the Monetary of Authority of Singapore.

De Beers Piloting Blockchain Platform for Diamonds

Each block must be validated by the blockchain community before it is added to the digital ledger.

Africa’s Biggest Mobile Operator Wants To Be Its Biggest Bank

The confidence behind his statement comes from the growth and popularity of the company’s mobile money product, which operates in 14 markets across Africa.

Major overhaul of SA’s payments system on the cards

“The basic architecture of the South African payments system was laid down in the 1980s, and it was at one time among the best in the world,”

ALAT by Wema Bags Prestigious Awards

Last year, ALAT was named the ‘Digital Banking Platform of the Year’ by BusinessDay, Nigeria’s foremost business newspaper.

"Bitcoin is not yet legal" - Bank of Ghana

https://www.graphic.com.gh/business/business-news/bitcoin-is-illegal-bank-of-ghana.html

Rwanda’s Bank of Kigali partners with Fiorano for digital revamp

Rwanda-based Bank of Kigali has selected Fiorano Software’s platform for its digital transformation project.

FinTech