After securing a R1.6 billion funding deal, the digital bank is on a business development drive to introduce insurance and credit offerings.
The bank establishes Africa’s first Hedera network node, which is set to soothe some of the sore points that have historically beset cross-border trade.
Retailers have long understood the need to adapt to changing shopping preferences, but the pandemic disruptions triggered a much greater sense of urgency.
The global financial services company calls on Sub-Saharan Africa fintech start-ups to enter the regional leg of its Everywhere Initiative.
NSFAS fintech partners to challenge contract cancellations
In this week's tech news roundup, Fintech partners contracted to disburse monthly allowances to NSFAS-funded tertiary students have challenged the allegations levelled against them, saying they are considering legal action. eZaga and Tenet Technology have denied the allegations made against them and claim to not have received the full report in which these were made Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #sita #nsfas https://www.itweb.co.za/content/DZQ58MV8yPAvzXy2 https://www.itweb.co.za/content/rxP3jqBEax8MA2ye https://www.itweb.co.za/content/xnklOvz1dnYq4Ymz https://www.itweb.co.za/content/dgp45vaBPVJ7X9l8 https://www.itweb.co.za/content/P3gQ2qGAPrg7nRD1
The digital-only bank adds new board members and explores international opportunities after securing R1.6 billion in funding from investors in the UK and Philippines.
Local crypto players strongly believe the higher digital currency prices will lead to faster regulatory developments in the country.
South African banks are redefining their banking services to create immersive customer experiences using virtual reality and augmented reality technologies.
Huawei Cloud drives African FinTech innovation
Mark Wang, Solution Architect at Huawei Cloud Southern Africa, spoke to ITWeb about Huawei being a strategic partner in the banking sector. He also addressed challenges for banks in SA and potential growth in the payment ecosystem for customers. #huaweicloud #fintech #digitalbanking
The bancX start-up will use the funding to accelerate the expansion of its experiential cloud-based banking platform globally.
Improving the accuracy and timely processing of statements from the banks.
The relationship aims to enable large bank customers to reimagine core banking transformation.
As banks globally undertake digital banking transformations, embedded finance is a fast-growing trend that many companies have begun implementing within their own strategies.
Through a strategic partnership, MTN customers with a Mastercard virtual payment solution linked to their MoMo wallets can make payments to global merchants.