Vista Bank picks Temenos for African digital expansion
Infinity and T24 Transact will update the bank’s systems.
Africa
FSS takes stake in Africa’s Ecentric Payment Systems
Paytech acquires 46% stake as part of its African expansion plans.
United Bank for Africa launches in UK
Follows on from its recent arrival in Mali.
People’s Bank of Zanzibar goes live with ICSFS core system
State-owned bank made its selection in late 2016.
Nigerian fintech TeamApt is apt for $5.5m of funding
To develop digital solutions for Africa.
South Africa’s Standard Bank to unleash payments blockchain platform
Plans a cloud-based platform for foreign exchange and settlement in H1 2019.
Mastercard and Angaza shine for payments in emerging markets
Will offer digital solution that “increases access to affordable necessities”.
TymeBank launches with Mambu core system
South African bank finally live and using Software-as-a Service (SaaS) offering.
BML Istisharat’s ICBS core system sees success in Lebanon and Morocco
Finance Bank is going live and FNAC has picked the platform.
Discovery’s digital bank to go live next month
South African financial services company satisfied with testing.
Sasfin takes equity stake in South African lendtech Payabill
Johannesburg-based firm looking for more SME action.
Kenya keen on regulatory fintech sandbox
Capital Markets Authority outlines its plans for innovation.
Nigerian paytech OyaPay is no more
“Our grand experiment is at an end after 365 days.”
TymeBank times South African launch for this month
Digital challenger gets ready following its soft launch in December 2018.
Societe Generale selects HPS for payments power in Africa
Paytech will help bank with processing activities at ten African subsidiaries.
Morocco’s CFG Bank in digital banking revamp with Kony DBX
CFG’s strategy is built on “simplicity, transparency and sustainable customer relationships”.
Standard Chartered launches African digital banking phase two
Bringing its new service to four countries.
Absa AI automates account switching in South Africa
Bank’s CIO Jacques Barkhuizen calls it a “world first”.
Cyberattack waves wash over West African banks
Problems in Ivory Coast, Cameroon, Congo (DR), Ghana, and Equatorial Guinea.
South Africa talks tax with crypto task force
Government gets tough on cryptocurrency activities.
Nasdaq nets new Nigerian trading tech deal
Nigerian Stock Exchange signs on for five more years.
Egypt’s Commercial International Bank ventures into fintech investment land
CIB unleashes CVentures for a national “first”.
Mastercard invests $3m in African financial inclusion
The Mastercard Foundation Fund for Rural Prosperity goes to Malawi, Burundi and Rwanda.
Emergent Technology acquires Interpay Africa
Californian firm dreaming of African action.
Ecobank teams with MFS Africa for digital payments
Customers can now transact with 170 million mobile wallets across continent.
Banking tech problems hit TSB and Absa
UK and South Africa united in fintech grief.
Lending platform JUMO gets $12.5m funding
Takes total raised in excess of $103 million.
Experian to acquire African credit info firm Compuscan for $263m
Actis and management agree to sell it off.
UNICEF fuels SME funding for emerging markets
Its innovation fund gives Atix Labs some support for good causes.
Airtel Nigeria plans payment service bank
Telco seeks out nation’s mobile market.
Bambu and OUTvest win FinovateAfrica’s Best of Show awards
The votes have been cast and tallied!
South Africa’s FNB turns to township trade
First National Bank partners with Selpal for new customers.
MyBucks and Bibimoney are SIM-Skin kings of Africa
Joint venture aimed at continent’s microloan market.
Orange and MTN launch African mobile money firm
Two telcos team for Mowali JV.
TAB Finance signs for Oradian’s cloud-based core banking system
Oradian is a Software-as-a-Service (SaaS) banking technology provider based in Croatia.
Discovery debuts digital bank
Financial services company launches new digital offering.
South African Reserve Bank fines HSBC $1m for AML fails
There were “certain weaknesses” in its detection of money laundering.
First blockchain securities exchange to launch in Mauritius
Mindex, GMEX Group and HYBSE team up for new platform.
Absa Group and MTN enable POS mobile wallet payments
The service has only launched in Ghana, so far.
Top fintech stories this week – 2 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
