Managers of Wealth Africa

5 Things To Expect From African Tech In 2017

Zipline has just raised $25 million to expand the service to other countries

NDC migrates Sahara Bank to new core banking system, Temenos’ T24

Sahara Bank offers retail, corporate and institutional banking services, both conventional and Islamic.

Keystone Bank signs on NetGuardians for fraud protection

NetGuardians was named by the Central Bank of Nigeria as a preferred supplier of enterprise fraud management systems

Cactus Advisors invests in two African fintech firms

Flutterwave is a San Francisco-based team of African entrepreneurs, fintech and mobile payment experts that provides end-to-end payments technology and infrastructure which enables payment service providers.

Barclays partner with UnionPay – Kenya

The new development, he said, aims to encourage Kenyan-Chinese businesspeople to carry out cashless transactions on a secure platform.

GTBank Launches Mobile Transaction Service

The Bank says customers do not need to have credit on their mobile phone or internet access to perform any transaction using *737#.

Nigeria: Skye Bank Wins Anti-E-Fraud Award

Receiving the award on behalf of the Bank, the Executive Director, Lagos Commercial Banking Directorate, Mrs. Markie Idowu

Wari Launches in Nigeria

Wari has signed partnerships in Nigeria with the United Bank of Africa, Union Bank Of Nigeria and Ecobank.

West Africa now has its own blockchain-enabled digital currency

Just like paper money has a water mark, serial number and governor’s signature, these security features can be translated to a digital currency, explained Jonathan Dharmapalan, founder and CEO eCurrency Mint.

BitPesa to Strengthen Africa-China Remittance Corridor

The trade between China and Africa increased to more than $170 billion in 2013 according to the World Bank

Yuletide: How banks cashed in on ATM malfunction

Banks charged N200 for each withdrawal over-the -counter by customers, a charge initially put in place to discourage customers from going into the banking hall for small ticket transactions.

Ransomware attacks on South African organisations spike in November

Continuing a trend first detected in October, Locky ransomware continued to increase in prevalence

African Banks’ Silicon Valley Moment

Continent’s biggest banks are investing billions in digital banking technology

Zenith Bank and MasterCard extend partnership to Ghana

EMV-enabled cards feature an embedded microchip to encrypt information, making it more difficult for unauthorized users to copy or access data on the card.

WorldRemit And GTBank Launch Money Transfer Routes To West And Central Africa

WorldRemit delighted to be partnering with one of Africa’s foremost banks to give our customers greater choice and convenience when sending money home

NedBank rolls out NCR Interactive Teller in bid to enhance efficiency, service

The technology allows FIs to serve customers at all hours and across multiple sites without incurring traditional branch expenses.

M&A Africa: Standard Bank Eyes Universal Payment Plan With Fintech Acquisition

Cash is still king for the vast majority of Africans, who don’t have access to banks and conduct their daily financial transactions offline.

StanChart reveals fingerprint banking tech in Kenya

Standard Chartered clients can now securely access their bank account balances, cards and investments using their fingerprints as identifiers

Cash Still Trumps Mobile Payments and Bitcoin in Africa

According to KPMG’s Payment Developments in Africa 2015 report, 94 percent of retail transactions in both urban and rural Africa are conducted in cash

Businesses ill-prepared for cyber attacks

This particularly true as businesses are using multiple solutions and vendors for individual security tasks, as each aspect needs to be managed and updated individually, to be updated and able to handle the newest strains of malware.

FinTech