Managers of Wealth Africa

Key cyber risks for banks during COVID-19

This all makes personal and corporate banking customers a natural target for fraudsters.

Kenya’s Glowing Fintech Scene Is Dulled By A Lukewarm Wealthtech Segment

There’s a relatively new crop of fintech startups that are now prioritising savings and investments over spending and consumption.

Ventures Platform Announces Investments in Tambua Health, Brass Digital Bank and FunnelJoy

This will see them fill in the gap left by traditional banks in Nigeria in their offerings for Small and Medium-scale Entreprises

Mobile Banking and Kenya

Many African countries are bucking this trend, leaping from cash-only societies to mobile-based.

Absa invests in A2X

A2X has listings from many key sectors, including mining, media, banking, retail, FMCG, financial services, insurance, healthcare and telecommunications.

Al Baraka Bank Sudan introduces iMAL business intelligence core from Path Solutions

This strategic platform empowers bankers to make smarter, faster, and more effective decisions, improving operational efficiency. It also enables business agility while driving innovation, competitive differentiation, and profitable growth.

Expert warns of Covid-19 cyber fraud spike

Business Email Compromise (BEC) is a form of cybercrime where the perpetrator either illegally gains access to your email or registers a domain similar to yours and communicates with your clients or your suppliers as if they are you.

Three Cases For Crypto Adoption

According to multiple studies carried out, emerging markets like South Africa, have far greater penetration of smartphones than they do financial services.

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.

FinTech