Managers of Wealth Africa

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.

Investors welcome Telkom’s FreeMe

The market has been even quicker to react.

Meet The Man Championing FinTech In Africa - Dave Van Niekerk, Founder Of MyBucks

The company operates in 12 African countries and has offered loans to over 700,000 customers.

UBA, MasterCard Announce Pan African Partnership; Bank To Act As Issuer In 19 Markets

The partnership will also focus on increased payments infrastructure across Africa, including the roll out of point-of-sale and mobile-point-of-sale technology, to ensure merchants are able to accept the cards when introduced into these markets.

Absa launches mobile payments app

Banking group Absa has launched MasterCard’s MasterPass smartphone application in South Africa, allowing customers to use their mobile phones to make payments at the point of sale and on the Internet.

Zenith Bank launches stress-free, mobile banking solution

It positions the bank for future growth as internet penetration continues to deepen in Africa and the use of mobile phones becomes the new and preferred banking channel.

O3b supports Digicel launch of LTE service in Samoa

O3bTrunk services also provide the basis of a resilient, high performance system that is ideal for use in disaster recovery

Why The Lack Of Faith In South Africa’s Fintech Prowess?

However, South Africa’s fintech sector has nonetheless come under harsh attack recently, with Michael Roberts, chief executive officer of African business solutions provider Khonology, claiming that South Africa lacks the skills, training, and fina