Managers of Wealth Africa

Refinitiv Releases Findings of Sub-Saharan Africa Financial Crime Survey for 2020

90 percent expect their financial crime prevention technology to develop over the next two years

Ecobank CEO talks Africa’s Covid-19 support: “There’s still more work to be done”

The report projects that the region’s economic growth will shrink by an unprecedented 1.6% in 2020 amid tighter financial conditions, a sharp decline in key export prices and severe disruptions to economic activity as a result of the pandemic.

TymeBank and digital peers thrive in online shift prompted by coronavirus

TymeBank was just warming up to the possibility of mass customer acquisition at the Zion City Moria in Limpopo

Why COVID-19 could delay Interswitch, Africa’s next big IPO

Africa’s tech scene is still fairly young, but it does have a timeline with several definitive points.

How to protect your bitcoin from hackers

Bitcoin’s market capitalization surpasses that of its closest rival Ethereum and is still majorly the only cryptocurrency asset.

Safaricom to launch unit trust, new savings service

The giant telco also said that it is awaiting regulatory nod to introduce the new savings product

Investing In Africa During A Pandemic: 3 Tech Sectors That May Be “Recession-Proof”

COVID-19 and economic catalepsy Early projections made out the year 2020 to be the “winning shot” the world so desperately needed. But things have unraveled rather quickly; the world’s now facing a biting recession. Fast rewind to Janu

Covid-19 and African tech startups roundup

SA employers are frustrated with having to put up with the UIF’s ever changing directives around Ters

9.5m Nigerians Use Our USSD Banking Service, Says FirstBank

At FirstBank, we are excited about the impact our innovative solutions are making in the Nigerian payment landscape.

Digital palliative payments, transparency, trust

Governments across Africa are already implementing similar measures to shift a greater proportion of financial transactions to mobile money from cash

Standard Bank acquires 40% of Payment24 Group

It has partnerships with major filling stations in the country.

UBA assures returns on investment as shareholders applaud bank’s support in fight against COVID-19

Shareholders at the meeting commended the board of directors and management of UBA for the proactive role that the Bank has been playing in helping to lessen the negative effects of the Coronavirus pandemic across the African continent.

Kenya is advising citizens to use digital payments

Out of Africa’s 54 countries, only two have yet to report a case of the virus: Comoros and Lesotho.

Banking Apps: Why SC app stands out amongst others

With this account, you can make transfers to other banks in Nigeria seamlessly without adding beneficiary or choose to save the beneficiary for future transfers.

African regulators urged to allow cloud tech in financial services

The report urges African regulators to develop clear policy positions and regulations on data privacy

How banks are going digital to manage COVID-19

Looking beyond the crisis, the document underlines that many of the ‘rapid response’ quasi-digital solutions in place or being put in place currently will be re-examined and likely withdrawn post-crisis

Top seven 2020 Fintech trends in South Africa

Making a return, 2020 will see Bitcoin come into focus.

Cloud-computing solutions can help significantly to reduce banking costs in Africa

Part of the cost problem is that financial institutions in Africa are so much smaller than elsewhere – the biggest bank in Africa (SBSA with assets of $148 billion) ranks 296th globally; most banks in Africa have assets of less than $5 billion.

World FinTech Report 2020

FinTech collaboration is even-more essential now for banks to achieve customer-centricity

Cloud-computing solutions can help significantly to reduce banking costs in Africa

Cloud computing creates an opportunity for providers of financial services to rethink their technology spend and significantly reduce costs