Stripe and Visa join $8m funding round in African start-up Paystack
Nigerian payments firm also gets help from Tencent and Y Combinator.
Nigeria
Nova Merchant Bank live with Intellect Design Arena’s core banking system
Nova Merchant Bank is the first taker of the Intellect Digital Core system in Nigeria.
Allianz completes Ensure Insurance acquisition in Nigeria
All part of its plan for long-term growth in Africa.
First Bank teams with WorldRemit for digital money transfers to Nigeria
In 2017, Nigeria received over $22bn in remittances, making it the largest recipient in Africa.
Digital bank Lidya lands $6.9m funding
The latest round brings the bank’s total funding to $8.2 million.
Nigerian lendtech Fint unleashes loan marketplace
Calls itself the nation’s “first loan marketplace”.
Providus Bank live with ICS Banks core banking system
ICS Financial Systems (ICSFS) has implemented its flagship core banking platform, ICS Banks, at Providus Bank in Nigeria.
Skye Bank revamps omnichannel banking with Oracle FSS
Nigeria-based Skye Bank has launched a new digital banking platform, SkyeXperience, built on the Oracle FSS tech. The bank plans to enrol over two million clients on the new solution by the end of next year.
Haggai Mortgage Bank live with Finedge core banking system
Nigeria-based Haggai Mortgage Bank has gone live with new core banking software, Finedge. The system is supplied by local tech company CWG.
New core banking system for Nigeria’s microfinance banks
Inlaks, a banking software provider in Nigeria and West Africa, has built a core banking solution together with the Central Bank of Nigeria (CBN) for the country’s microfinance sector.
Zenith Bank overhauls core banking tech with Misys Fusionbanking
Nigeria-based Zenith Bank is standardising its core banking software group-wide on Misys’ Fusionbanking Essence platform.
New digital bank, SunTrust, runs on ICS Banks core platform
SunTrust Bank in Nigeria has renewed the contract with banking software vendor ICS Financial Systems (ICSFS) for its ICS Banks core banking system.
NetGuardians signs fintech deal with Keystone Bank
Nigeria-based Keystone Bank has selected the FraudGuardian solution from NetGuardians for protection from online banking fraud.
Sterling Bank live with new core banking system, Temenos’ T24
Nigeria-based Sterling Bank has gone live with a new core banking system – Temenos’ T24 – in a “big-bang” switchover. The new platform was rolled out across the entire branch network of Sterling – 185 locations. The platform is used to support all main retail and corporate operations of the bank. Temenos refers to the […]
Development Bank of Nigeria plans core banking software revamp
The Development Bank of Nigeria (DBN) is planning a core banking system implementation and the bidding process is open. As part of the bank’s ambition, the Federal Government of Nigeria (FGN) is inviting vendors to bid for the supply and installation of core banking software and related infrastructure. FGN has received a loan from International Bank […]
South Africa’s JSE aims to ‘spearhead’ African cross-listings with ETFs
Stock markets in Nigeria, Kenya and South Africa are planning to launch cross-listed exchange traded funds later this year, as part of an initiative that aims to boost liquidity across Africa’s three largest markets.
West African integration initiatives drive rapid changes in capital markets
West Africa’s capital markets are changing fast as regional integration and local stock exchange initiatives combineto transform its infrastructure. Increasing adoption of FIX and a promising demographic profile help too, according to speakers at the FIX Trading Community conference in London this week.
African start-ups opt for cloud based core banking platform
Three African financial services start-ups have signed to use a cloud-based core banking platform from Berlin-based Mambu as their launch platform business.
Western Union debuts Nigerian mobile money transfer
Western Union has launched a mobile money service in Nigeria, which it says will help boost financial inclusion and provide new methods of money transfer for people sending and receiving money to Africa.
