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Digital banking FinTech start-up, Kwara has partnered with Workpay to offer Savings and Credit Co-operative Societies (SACCOs) in Kenya with human resource management and payroll processing solutions. The partnership will enable SACCOs to automate their human resource (HR) processes as...
Consumer appetite for digital banking services continues to grow in the countries of the Gulf Co-operation Council (GCC), accelerated further by the COVID-19 pandemic, according to a new survey conducted by Backbase with YouGov. Eighty-nine percent of respondents to the survey said that they are...
It’s been stated that FinTech innovation will be at the heart of London’s recovery. Innovate Finance data shows US$4.1 billion was invested across 408 deals in 2020, putting the UK second only to the US in total capital raised and showing the continued importance of the industry to...
In an extraordinary year for payment trends, Bank of America once more retained its ranking as the top issuer of Visa and Mastercard commercial credit card solutions in the US. The 2020 rankings, published by the financial industry publication, The Nilson Report, represent the seventh...
Net Purpose, a global impact data provider for responsible, sustainable and impact investors, is partnering with tickr, an impact investing app, to provide data to measure the social and environmental outcomes of its funds. Founded in 2019 with the goal of reaching one million investment...
African Export-Import Bank (Afreximbank) has announced the commencement of its African Medical Centre of Excellence (AMCE) project in Abuja, Nigeria. It will provide world-class care to both low- and high-income patient groups across the continent. The Bank recently formalised its long-term...
HSBC has announced that it will exit its US domestic mass market retail banking business through several transactions, pending regulatory approval. It wants to exit 90 branches out of a current branch network of 148 branches. HSBC Bank USA (HBUS) will retain a small network of physical locations...
Angelique Strumpher, Manager at SilverBridge Holdings, explains how insurance compliance brings growth opportunities. Insurers should view the changing regulatory environment as an opportunity to redouble their focus on innovation, introducing more product flexibility, and enhancing customer...
In a region still dominated by cash and mobile money options, like M-Pesa, new collaborations between FinTechs are looking to capture the price-sensitive market with innovative, open-loop digital payment solutions in East Africa. According to Mark Dankworth, President International, Ukheshe...
ESET, a global leader in cybersecurity, revealed that almost two-thirds (62%) of consumers worldwide use some form of FinTech app or platform. However, only 17% strongly feel that the quality of information available on the potential risks related to the usage of FinTech applications – such...
