Africa

Luxoft and Finastra to deliver turnkey managed services to banks in EMEA

Finastra, a global provider of financial software applications and marketplaces, has announced a new managed services partnership agreement with Luxoft, a DXC Technology company, to support Finastra’s Kondor customers in...

AEG partners with Microsoft and Crayon to revolutionise SWIFT infrastructure in MEA

Allied Engineering Group (AEG), one of the largest SWIFT service bureaus globally, has announced its collaboration with Microsoft and Crayon to bring tailored and compliant solutions to financial service institutions (FSIs) that are migrating their SWIFT...

JSE launches Flagship Investment Challenge

Virtual trading floors for the Johannesburg Stock Exchange’s (JSE) flagship financial literacy programme – the JSE Investment Challenge – have officially opened as the competition marks a 50-year milestone.  Designed to highlight the importance of inves...

The future of payments in Latin America 

Rapid development in Latin America is leading to high levels of innovation in FinTech. EBANX’s Beyond Borders 2022/2023 report explores the causes and potential effects this may have into 2023.  EBANX, a FinTech company that specialises in international pa...

Verto transforms cross-border B2B payments with ForexPeople partnership

Verto, a leading B2B cross-border payments and Foreign Exchange (FX) enabler, has partnered with ForexPeople to bring secure, fast and seamless global payments to South African businesses buying, selling, or operating globally. With more than US$1.5 billion...

A stats-based approach to hybrid work in the financial sector

A flexible office environment can better align employee needs and business goals, but the financial and banking sector seems to be reverting to old habits and rallying for in-office presence. Ekta Puthran, MEA Lead – Collaboration, Barco, takes a l...

Carbon transforms into a full-service bank on Mambu

Carbon Finance, a Pan-African microfinance bank, has announced it has extended its partnership with Mambu to continue growing its financial services offering and accelerate expansion. The agreement enables Carbon to offer the full-spectrum of...

Grey raises US$2 million to simplify cross-border payments across Africa

Grey, a FinTech started to simplify sending and receiving foreign payments for Africans, has raised US$2 million in seed funding. The service offered by Grey enables its customers to have virtual international bank accounts for free and enjoy a seamless...

PalmPay hits 10 million user milestone in Nigeria

PalmPay, a FinTech innovator aiming to make digital payment more accessible and flexible, has announced that it has reached 10 million users in Nigeria. This represents a doubling in its user base within just six months and puts its customer numbers in the...

Banque Misr ensures banking Business Continuity and digital employee engagement

Banque Misr, one of Egypt’s largest banks, has announced a Digital Transformation partnership with global technology company SAP in support of Egypt Vision 2030, for Business Continuity and employee engagement during and post-COVID-19. Egypt is one of A...

Global development finance coalition commits over US$5.5 billion for MSME financing in Africa 

The  coalition for a sustainable and inclusive recovery of the private sector – an international group of 20 development finance institutions that came together in 2020 – has announced commitments of over US$5.55 billion of financing to micro, small and mediu...

BFS goes live on Temenos SaaS to deliver finance faster

Temenos, the banking software company, has announced that Barko Financial Services (BFS), a South Africa-based microfinance institution, has gone live on Temenos Software-as-a-Service (SaaS) to make it faster and easier for South Africans to access finance...