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Banking & Finance

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, […]

CaseWare Africa launches template for modified cash standard

CaseWare Africa, a division of AdaptIT, has launched a template for the modified cash standard. It was developed by the Office of the Auditor General in National Treasury to mandate the principles by which national and provincial departments should present their financial accounts. “The key benefit of CaseWare’s templates is that they automate the onerous […]

Entersekt launches digital payments enablement product

Entersekt, an innovator in mobile-first FinTech solutions, this week launched Connekt, a digital commerce enablement product. The company, known for its mobile app security and authentication technology, is offering Connekt to financial services providers to help them adapt to changing market conditions. Tech giants and a host of start-ups have come to dominate digital payments, […]

Financial institutions in Rwanda urged to embrace new technology

Speakers at the International Conference on Responsible and Inclusive Finance (ICRIF) held in Kigali urged Rwandan microfinance institutions (MFIs) to embrace new-age technology to streamline their operations and to enhance their ability to extend financial inclusion among the country’s unbanked and underbanked population. Straton Habyalimana, Senior Programme manager for responsible financing at the Small Enterprise […]

Temenos welcome financial leaders at Bank to the Future forum

Temenos, a software specialist for banking and finance, welcomed the leaders that are driving real change across the industry in Africa at the Bank of the Future forum. The event took place at the Sofitel Hotel Ivoire in Abidjan, Ivory Coast and focused on software solutions for the digital future of financial services. According to […]

Prioritise keeping your bitcoin safe, secure and available

South African cryptocurrency exchanges are on the increase promising favourable rates and other value-added services to those looking to venture into these digital assets. Claude Schuck, Regional Manager for Africa at Veeam, says we need to carefully consider the impact that cryptocurrencies will have on availability strategies. When I was a child, the prospect of […]

Holborn Assets opens new office in Johannesburg, South Africa

Holborn Assets has opened an office in Johannesburg and recruited an eight-strong team of specialist advisers as it continues a major global strategic expansion during 2018. The new office is led by Lourens Reichert, who will focus on providing specialist financial planning strategies and solutions to high net worth South African residents who hold assets overseas […]

CR2 awarded contract to provide digital banking suite in 12 African countries

Banking group ORABANK has selected CR2 to deliver a digital banking suite in 12 African countries. Following a comprehensive search of the market, the Togo-based bank, which operates in West and Central Africa, awarded the contract to the leading banking software innovator because it is seen as the ideal partner to expand its channel offering […]

How data can unlock opportunities in Africa’s financial services industry

While data is an indispensable part of the business environment, many organisations are still not harnessing its potential. Kelly Preston, Data Analytics Manager at SilverBridge, a provider of insurance software solutions in the African financial services industry, believes that data-driven services will empower insurers to address customer needs more effectively. According to a McKinsey article […]

Ecobank wins awards for operations in five African countries

Ecobank, a leading pan-African banking group, has won ‘Bank of the Year’ awards in five of its countries of operation. Ecobank scored the five-trophy haul at The Banker Awards, held in London with the honours going to teams in Cameroon, Guinea Conakry, Gambia, Togo and Uganda. Judges said  teams from the winning countries had made […]

Standard Chartered Bank and Ant Financial sign MOU

Standard Chartered Bank (SCB), a leading international banking group with a strong presence in Africa, and Ant Financial Services, one of the world’s leading digital financial services providers, have announced the signing of a Memorandum of Understanding (MOU). Under its terms SCB will combine its banking expertise and insights in emerging markets such as Africa […]