Managers of Wealth Africa

China’s WeChat on carving out a market in Africa

The social communications platform, which dominates the Chinese market, is now competing for market share in the African region where it sees potential for growth.

European lenders join forces to invest in African FinTech

Arise is said to be worth almost $660 million, and will have more partners in the future.

Key challenges, opportunities for tech startups in emerging markets

The outsourcing market in technology cannot be complete without the mention of India and other emerging markets.

Barclays Africa eyes Digital Academy expansion

As competition in the market gets tougher, most South African banks are moving to introduce innovation centres.

Your Phone As Your Bank Account!

Mobile phone subscribers can also transfer money to any mobile number - and spend the money directly from their mobile money account to pay for goods and services.

2,036 staff fired by banks in 2015 after automation

This is an indicator of the banks’ improved efficiency as a result of automated processes hence reducing the number of required clerical and secretarial staff,” the CBK says.

Fintech isn’t disrupting Africa’s financial industry—it’s building it

Even those in urban areas are priced out of more developed financial services such as credit and insurance.

Can Africa Become an Innovator in Digital Technology?

It’s a boom that’s changing every industry, if not least how businesses operate.

Kenya Commercial Bank tightens banking app security

The KCB App – which is available in Kenya and Rwanda – now features encryption that is set to safeguard and protect a customers’ details (identity & financial information)

Ndulu directs banks to offer quality financial services

BANKS and financial institutions in the country must adopt technology that will enable delivery of quality financial services to the majority of Tanzanians at affordable cost, Central Bank Governor, Prof Benno Ndulu, said yesterday in Dar es Salaam.

Botswana: BSB Taps Into Technology

He noted that the launch by Botswana Savings Bank is just one amongst the many initiatives that the bank will be rolling out to drive the financial inclusion agenda.

LSE powers Casablanca Stock Exchange trading tech revamp

LSE says the new platform is part of its wider strategic co-operation agreement with CSE to “expand” activity in the North West and Central African regions.

Surging Growth of FinTech in Africa Set to Challenge Current Financial Providers

The financial sector in Australia is set to take $10 billion in revenues away from the big Australian banks and contribute $3 billion of new revenue from 2015 to 2020.

KCB Refreshes Banking App To Enhance Capabilities, Safety

With the new look App, users are able to perform a wider array of transactions ranging from paying utilities, transferring funds across accounts and banks and making e-commerce transactions among other capabilities.

Fingerprint technology coming to SA bank cards

This technology allows interoperability within the payment space. Wherever biometric technology is currently being used, it is limited to the standards of a particular vendor.

Fingerprints now the key to your cash

The Payments Association of SA announced yesterday that a new standardised specification to facilitate biometric authentication on payment cards had been developed in collaboration with Mastercard and Visa.

Barclays launches another card-less service

She said ATM has evolved from being a mere cash-dispensing machine to one with an array of functionalities.

StanChart launches video banking

Standard Chartered said it would invest USD1.5 billion in technology over three years.

Absa launches digital wallet and ChatBanking for Facebook Messenger

In a separate and earlier development, Russia-based Tochka Bank says it launched the world’s “first” Facebook bot for a range of financial services.

Respite for start-ups as FG assures full support for innovation hubs

It should be recalled that BusinessDay previously reported that Nigeria may be losing out on benefits attached to innovation due to lack of funding.