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Banking & Finance

Cloud shift starting to take place in SA financial service sector

Mounting pressure on financial service institutions has forced a change in strategy as disruptors redefine the competitive landscape.  Andrew Cruise, CEO, Routed, a vendor neutral cloud infrastructure provider, says that thanks to the cloud and a growing base of market disruptors, innovation and technology are becoming more critical to the survival of today’s financial institutions. […]

Second place for tech specialist e4 at Ecobank Fintech Challenge

Technology specialist e4 came second in the Ecobank Fintech Challenge, hosted in Lomé, Togo. According to Andrea Tucker, R&D Head at e4, there is a lack of a fully digital onboarding solution across most banks. “Onboarding customers is notorious for its tedious nature, for both the bank and customer,” she said. “Although it is a […]

Xperien partners with Merchant West to offer IT life-cycle solutions

Xperien has partnered with independent financial services company Merchant West to provide continuous IT life-cycle solutions, a fresh line of alternative funding to reduce the cost of IT assets. The partnership offers a full end-to-end IT Asset Life-cycle solution from acquisition to financing, management and disposal. Merchant West will structure a finance deal that reduces […]

Clickatell Transact enables UBA to launch WhatsApp service in Nigeria

Clickatell, an authorised WhatsApp Business Solution provider, has announced that United Bank for Africa (UBA) will be going live with its Chat Banking solution – Leo on WhatsApp. In a first for Nigeria, customers can now conduct their favourite banking activities in a secure and convenient manner, by communicating with their bank in a verified […]

Ecobank announces finalists for the Ecobank Fintech Challenge 2018

Ecobank, the leading independent pan-African banking group, has announced the finalists for the second edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology start-ups. The list includes 11 fintech startups from across the continent and beyond, with an Innovation Fair and Awards ceremony honouring them at Ecobank’s headquarters in Lomé, Togo, on August […]

IRESS opens software design to users through IRESS Labs

Financial technology business IRESS has announced a new initiative, IRESS Labs, that means more users of its software will be able to input directly into the design and development process and use future functionality in advance of general release. IRESS Labs, which operates in South Africa, is now available to users through the latest version […]

EIB support to help unlock Great North Road’s potential for Zambians

The European Investment Bank (EIB) has signed a €110 million (ZMK 1.27 billion) concessional loan with the Zambian Ministry of Finance in support of the Great North Road (T2), which will be followed by the signature of an EU grant of €72.45m that will complement EIB financing. Support for a regional project The overall project, […]

Decision Inc expert on transforming financial planning in retail

When it comes to developing relevant operational plans, Allan Saffy, FP&A Executive at Decision Inc, says that when it comes to developing relevant operational plans, the finance teams of South African retailers must be able to adjust for the unique challenges of this environment whether it is mobile e-commerce or real-time data analysis. The growth […]

Central Bank of Egypt embarks on Digital Transformation with Alaris

The Central Bank of Egypt has digitised 100 million documents using scanners from Alaris and aims to scan another 500 million documents over the next five years. The Central Bank of Egypt had 500 million documents which were retained as paper records. Retention of these records needs to be achieved in accordance with the relevant […]

Bridging the divide in Burkina Faso: How tech is changing lives

Technology is playing an important role in improving the lives of some of the poorest members of the population in Burkina Faso. Intelligent CIO explores some of these technologies – from improved digital infrastructure to Blockchain and innovative new farming tools – which are helping to bridge the digital divide in the west African country. World […]

Zoona automates financial forecasting with Decision Inc.

Implementing Adaptive Insights has brought about significant operational improvements at Zoona, enabling the organisation to become more efficient and responsive to market demands. Decision Inc. has recently implemented an automated financial forecasting solution at Zoona to replace its manual-based financial forecasting and planning system. About Zoona Zoona is a fintech start-up committed to helping communities […]

TMA-SA expert on rescuing the business profession

Alastair Macduff, Chairman and Chief Executive Officer of the Turnaround Management Association – Southern Africa (TMA-SA), says managing a business in today’s uncertain socio-economic conditions is not without its challenges. The emergence of more agile competitors, increasingly fickle customers and global pressures mean decision-makers must keep innovating while still delivering stakeholder value. Some have turned […]

Blue Turtle launches FinTech go-to-market for Africa

Blue Turtle, a leader in enterprise technology management, has unveiled a new go-to-market strategy which will assist financial services companies to better make us of new technology to drive business. As part of this strategy, Blue Turtle has partnered with some exciting new software providers in the Fintech space. The strategy brings together technology innovations, […]

SilverBridge expert: Incentivising for insurance change

Combining the intelligent management of data with behavioural economics can assist insurers in providing customers with more sustainable solutions, says Kelly Preston, data analytics manager at SilverBridge. Merely having access to data is no longer good enough to be competitive in the insurance market. The data must be combined with meaningful analysis that enables better […]

Italy ramps up support for Somalia’s infrastructure

The African Development Bank, based in Mogadishu, has participated in a signing ceremony that marked Italy’s contribution of €1 million to the Somalia Infrastructure Fund (SIF). The ceremony was witnessed by Albert Mafusire, the African Development Bank’s Principal Country Economist for Somalia, who represented the Bank’s Deputy Director General for East Africa and Country Manager for Somalia, Nnenna Nwabufo. Also present were the […]

SADC finance professionals adopt automation

As the compliance agenda gains traction across Africa, the finance professionals of Central and Southern Africa are displaying a hunger to adopt automation as a way to deliver the kind of efficient and transparent services their clients increasingly demand. Automation is also rapidly gaining acceptance amongst the region’s finance professionals because they see it as […]

CaseWare partners with ICPAK to offer preferential pricing

The Kenyan National Treasury’s recent mandate that public entities should submit financial reports quarterly, rather than just annually, should be welcomed, argues Theuns Holtshousen, Business Leader, CaseWare Africa. He believes the move will set the tone for greater financial accountability and effective use of financial data across the entire economy. In support of the move, […]

The dangers of using spreadsheets for financial planning and analysis

The spreadsheet has become such a ubiquitous tool in finance that people hardly notice it anymore. But in a world where digital transformation requires different data approaches, Andries van der Berg, Business Manager: FP&A, Decision Inc, asks if reliance on this traditional solution pose a risk to business? Simply put, decades-old spreadsheets are not built […]

Mimecast helps African Bank to manage its cyber-resilience

Innovative retail banking brand turned to Mimecast targeted threat protection for advanced, easy-to-deploy protection against spear phishing and ransomware attacks. African Bank’s mission is to be a retail bank offering a wide range of products and services that enable consumers across South Africa to borrow, save and insure. Guided by its mission to offer more […]

Impact of cryptocurrencies on financial services and security

No one really knows what the future holds, especially when it comes to threatening or enhancing security around current financial services systems. OneChannel CEO Bernard Ford will be presenting a paper, entitled Impact of Cryptocurrencies on Financial Services and Security at the upcoming Digitisation & Cyber Security Conference 2018 taking place at the Indaba Hotel, […]