Standard Chartered Kenya has today announced the launch of its first Sustainable Account in Africa, in response to growing momentum in the sustainable finance arena. Aligned to Standard Chartered’s commitment to enhance access to sustainable finance, the Sustainable Account provides clients an opportunity to participate in sustainable development by having surplus cash referenced against Standard Chartered’s sustainable loans and projects. Kenya became the first African market to adopt the new solution following its launch in the United Kingdom, the United Arab Emirates, Singapore, China and m ..read more

HPS, the leading global provider of payment solutions and services, has launched a new eBook, in partnership with OMDIA, on the unique opportunity presented by cloud-based payment platforms for financial institutions and merchants across the world. The eBook, Seamless Evolution: Transforming Financial Institutions with Cloud-Powered Digital-First Strategies for Enhanced Customer Experiences, canvasses the views of more than 6,400 CIOs and other senior IT decision-makers across 59 countries worldwide, and across 15 major industries, including the financial services, merchants and retail sectors ..read more

IBM released the 2024 X-Force Threat Intelligence Index highlighting an emerging global identity crisis as cybercriminals double down on exploiting user identities to compromise enterprises worldwide. This global trend is also reflected in the Middle East and Africa region (MEA), with the use of valid local accounts and valid cloud accounts, making up the primary cause of cyberattacks against organizations in the region, according to X-Force – highlighting the need for strong user access and control strategies by enterprises. According to IBM X-Force, IBM Consulting offensive and defensive sec ..read more

Last year, the World Economic Forum called Africa the “world leader” in digital and mobile banking. There’s no doubt that banking in Africa has undergone significant changes in the last few years and that it will continue to change and grow in the coming years. How can business leaders prepare for this? How has the landscape shifted? And, most importantly, what opportunities does this create? The Banking on the Future with EFT Corporation Conference, taking place from 13 to 15 May 2024 in Victoria Falls, will bring together C-suite executives from more than 70 of Africa’s premier banks to addr ..read more

A new study from Juniper Research, the foremost experts in fintech markets, forecasts that global BaaS (Banking-as-a-Service) platform revenue generated from account/card issuing and transaction fees will grow by 158% to 2028; up from $36.4 billion this year. This expansion primarily comes from API deployment across eCommerce and freelance platforms, by connecting consumers to innovative financial tools, and so unlocking additional revenue streams for BaaS providers. The BaaS business model involves the delivery of digital banking services by licenced banks. Through the APIs (Application Progr ..read more

By Dean Baker, Squad Lead, BFSI from Infobip South African banks have weathered rough seas during the past year, with many of their customers coming under severe pressure from a stagnant economy, rising cost of living and high interest rates. Despite these storms, the financial services industry is still delivering good profits and growth, but there is constant pressure to maintain these results amid the adverse market trends and pressures that are currently shaping the landscape. While South Africa’s established banks and financial institutions remain the powerhouses in the banking space, new ..read more

Interswitch, one of Africa’s leading integrated payments and digital commerce companies and eMaisha Pay have announced a partnership which will digitize payments in Uganda’s agriculture sector to address several challenges encountered by farmers as well as businesses throughout the value chain. To tackle issues such as limited access to credit, absence of appropriate saving tools, and the risk of theft associated with handling cash, Interswitch has introduced smart devices which will enable wholesaler field agents to accept payments made by retailers of agricultural products using the eMaisha ..read more

Mastercard and Onafriq (previously MFS Africa), a pan-African payments company, have collaborated to bring secure, cost-effective, and innovative payment options to consumers, as well as small and medium enterprises (SME) across the continent. Africa’s mobile money sector is one of the most established and fastest-growing fintech industries in the world. According to The State of the Industry Report on Mobile Money 2024 by the GSM Association, there are 835 million registered mobile money accounts in Sub-Saharan Africa, accounting for 48% of global users and registering a 19% increase year on ..read more

Comviva, the global leader in customer experience and data monetization solutions, today announced the launch of its transformative Low-Code/No-Code Platform. Comviva’s Low-Code/No-Code composable platform is an extension of its existing mobiquity® platform and shall enable Financial Institutions, including Banks, FinTechs, and Digital Wallet providers to revolutionize the development landscape. The new platform will help Financial Institutions to quickly adjust to market shifts, regulations, and evolving customer demands. With the ability to visually construct user journeys and workflows, alo ..read more

HPS, the leading global provider of payment solutions and services, has launched a new eBook, in partnership with OMDIA, on the unique opportunity presented by cloud-based payment platforms for financial institutions and merchants across the world. The eBook, Seamless Evolution: Transforming Financial Institutions with Cloud-Powered Digital-First Strategies for Enhanced Customer Experiences, canvasses the views of more than 6,400 CIOs and other senior IT decision-makers across 59 countries worldwide, and across 15 major industries, including the financial services, merchants and retail sectors ..read more