Sasfin takes equity stake in South African lendtech Payabill
Johannesburg-based firm looking for more SME action.
Africa
Kenya keen on regulatory fintech sandbox
Capital Markets Authority outlines its plans for innovation.
Nigerian paytech OyaPay is no more
“Our grand experiment is at an end after 365 days.”
TymeBank times South African launch for this month
Digital challenger gets ready following its soft launch in December 2018.
Societe Generale selects HPS for payments power in Africa
Paytech will help bank with processing activities at ten African subsidiaries.
Morocco’s CFG Bank in digital banking revamp with Kony DBX
CFG’s strategy is built on “simplicity, transparency and sustainable customer relationships”.
Standard Chartered launches African digital banking phase two
Bringing its new service to four countries.
Absa AI automates account switching in South Africa
Bank’s CIO Jacques Barkhuizen calls it a “world first”.
Cyberattack waves wash over West African banks
Problems in Ivory Coast, Cameroon, Congo (DR), Ghana, and Equatorial Guinea.
South Africa talks tax with crypto task force
Government gets tough on cryptocurrency activities.
Nasdaq nets new Nigerian trading tech deal
Nigerian Stock Exchange signs on for five more years.
Egypt’s Commercial International Bank ventures into fintech investment land
CIB unleashes CVentures for a national “first”.
Mastercard invests $3m in African financial inclusion
The Mastercard Foundation Fund for Rural Prosperity goes to Malawi, Burundi and Rwanda.
Emergent Technology acquires Interpay Africa
Californian firm dreaming of African action.
Ecobank teams with MFS Africa for digital payments
Customers can now transact with 170 million mobile wallets across continent.
Banking tech problems hit TSB and Absa
UK and South Africa united in fintech grief.
Lending platform JUMO gets $12.5m funding
Takes total raised in excess of $103 million.
Experian to acquire African credit info firm Compuscan for $263m
Actis and management agree to sell it off.
UNICEF fuels SME funding for emerging markets
Its innovation fund gives Atix Labs some support for good causes.
Airtel Nigeria plans payment service bank
Telco seeks out nation’s mobile market.
Bambu and OUTvest win FinovateAfrica’s Best of Show awards
The votes have been cast and tallied!
South Africa’s FNB turns to township trade
First National Bank partners with Selpal for new customers.
MyBucks and Bibimoney are SIM-Skin kings of Africa
Joint venture aimed at continent’s microloan market.
Orange and MTN launch African mobile money firm
Two telcos team for Mowali JV.
TAB Finance signs for Oradian’s cloud-based core banking system
Oradian is a Software-as-a-Service (SaaS) banking technology provider based in Croatia.
Discovery debuts digital bank
Financial services company launches new digital offering.
South African Reserve Bank fines HSBC $1m for AML fails
There were “certain weaknesses” in its detection of money laundering.
First blockchain securities exchange to launch in Mauritius
Mindex, GMEX Group and HYBSE team up for new platform.
Absa Group and MTN enable POS mobile wallet payments
The service has only launched in Ghana, so far.
Top fintech stories this week – 2 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
BML Istisharat in new insurtech and banking tech projects
An insurtech project in Algeria and a core banking tech one in Jordan.
Bank Zero launches trial in South Africa
Bank Zero is mobile-driven, 45% black-owned an 20% women-owned.
Core banking tech developer Riby secures funding from Microtraction
Riby has developed a cloud-based core banking system for African co-ops and credit unions.
First Bank takes it to WhatsApp with Clickatell
Customers will be able to bank through the chat app.
Temenos gains new core banking tech client in Libya, Alejma’a Alarabi Bank
The project will be carried out by Temenos’ regional partner Prema Consulting.
Coronation first in South Africa live with SmartStream’s corporate actions tech
Coronation Fund Managers live with SmartStream’s TLM Corporate Actions OnDemand.
Absa launches mobile account opening
Absa CIO: “Your bank account is live immediately – no need to go to a branch.”
Commercial Bank of Ethiopia debuts ACI’s retail payments solution
Aiming to push the cashless economy in the country.
Banque Atlantique migrates to Temenos T24 core banking system
Temenos’ T24 core banking tech ousted Capital Banking Solutions’ CapitalBanker.
Daon inks deal with South Africa’s Capitec Bank
Bank will use Daon’s IdentityX platform to develop new authentication solutions.
