Managers of Wealth Africa

Mobile money deals drop on tight liquidity

Payment deals worth Sh371.9 billion were completed through mobile phones during the month, a marginal 1.05 percent rise from Sh368.02 billion a year earlier.

UK-based robotics company to open office in Cape Town

Blue Prism said its new office would also encourage knowledge-sharing and RPA innovation via its South African Digital Exchange community, which was launched last year.

Ghana: Stanchart Introduces Online Mobile Platform to Boost Trade in Bonds, Treasury Bills

It said the fixed income trading platform on the SC Mobile app included simplified client investment profiling, sale and purchase of treasury bills at any given point in time.

Major banks at risk of losing billions of dollars in fee-based revenues - Study

It comes as tech-savvy start-ups seek to secure market share from big banks by offering a wide range of financial services, including checking accounts and international money transfers with lower or no fees.

Central Bank Cashless Policy Nears Implementation in Nigeria

The bank, in the circular, argued that going cashless would help minimize the crime rate in the country while helping to authenticate and formalize transaction processes.

Path Solutions adjudged Best Technology Solution provider

Path Solutions has announce recognition as ‘Best Technology Solution Provider to African Interest-Free Banking and Takaful’ award winner at the 2nd International Interest-Free Banking and Takaful Forum that took place on February 18 in Addis A

Nedbank pumps R10bn into IT strategy

Nonetheless, Nedbank says it is making good progress on its digital strategy and aims to be Africa’s number one digital financial services player.

Altron Gets Nod for Acquisition of Ubusha Technologies

“This acquisition was the springboard for the creation of a new division, Altron Security, which will allow us to begin to offer solutions in identity management," Altron chief executive Mteto Nyati said.

Private Equity Firm Pumps $250m Into Pan-African Data Centre Platform Creation

Data Economy understands the deal with RackCentre to be Actis first investment as part of the data centre platform venture.

i2c Expands Presence in Middle East and Africa Due to High Demand for Its Agile Processing

Prior to joining i2c, Khan was VP, Government Business Development for Mastercard in the UAE and Oman

Access Bank to Launch a Facial Recognition Payment System

The new facial platform also enables more convenient payments in merchant locations and faster (withdrawals and transfers) in Access Bank branches.

Big banks and 2FA – What you need to know

MyBroadband asked South African banks whether they employ two-factor authentication for their online banking logins and to perform other functions on these portals.

Credit Bank emerges top in service and digital experience

According to the research KBA and whose results were released during an award ceremony, digital banking platforms continued to be an important channel in 2019.

Fintech startups and PCI DSS compliance: what you need to know [Opinion]

These banks do so in order to increase functionality and create a more attractive model for their customer base.

Luno will now allow customers to trade Ripple on its platform

In 2019, Luno asked a sample of customers which coins they would most like to see added to the platform and the survey found that Ripple was the coin they most wanted to buy.

South African fintech startup Jumo raises second $50M+ VC round

After the latest haul, Jumo has raised $146 million in capital, according to Crunchbase.

Zedcrest Launches New Subsidiary To Offer Digital Wealth Management In Nigeria

A recent guideline from the central bank elongates the available CBN futures yield curve to 5 years from 12 months.

Innovation spurs banking transactions growth to the fastest rate in two years

Chief economist at economists.co.za Mike Schüssler said at first glance, the data did not sync with the economic reality.

Egypt’s Oldest Bank Taps Ripple Remittance Solution

Egypt's oldest bank, the National Bank of Egypt is adopting Ripple blockchain remittance solution as blockchain utilization spreads.

Nedbank customers can now use Samsung Pay

The platform leverages a pair of useful technologies to facilitate these transactions – NFC and MST.

FinTech