BML Istisharat in new insurtech and banking tech projects
An insurtech project in Algeria and a core banking tech one in Jordan.
Africa
Bank Zero launches trial in South Africa
Bank Zero is mobile-driven, 45% black-owned an 20% women-owned.
Core banking tech developer Riby secures funding from Microtraction
Riby has developed a cloud-based core banking system for African co-ops and credit unions.
First Bank takes it to WhatsApp with Clickatell
Customers will be able to bank through the chat app.
Temenos gains new core banking tech client in Libya, Alejma’a Alarabi Bank
The project will be carried out by Temenos’ regional partner Prema Consulting.
Coronation first in South Africa live with SmartStream’s corporate actions tech
Coronation Fund Managers live with SmartStream’s TLM Corporate Actions OnDemand.
Absa launches mobile account opening
Absa CIO: “Your bank account is live immediately – no need to go to a branch.”
Commercial Bank of Ethiopia debuts ACI’s retail payments solution
Aiming to push the cashless economy in the country.
Banque Atlantique migrates to Temenos T24 core banking system
Temenos’ T24 core banking tech ousted Capital Banking Solutions’ CapitalBanker.
Daon inks deal with South Africa’s Capitec Bank
Bank will use Daon’s IdentityX platform to develop new authentication solutions.
Banque de l’Habitat in tech overhaul with Temenos
Tunisia’s Banque de l’Habitat (BH) has signed for Temenos’ T24 core banking system.
Cameroon’s Afriland First Bank upgrades to Temenos T24 core system
T24 will replace Sopra Banking Software’s Amplitude system.
Ugandan Orient Bank taps Profile Software for treasury management
Orient Bank in Uganda has selected Profile Software’s Acumen.
Ivory Coast stock exchange calls for West African start-ups
Bourse Régionale des Valeurs Mobilières’ innovation lab is open for business.
Helios takes a shine to TPAY with majority stake
Africa-focused private investment firm gets 76% stake in paytech.
Goldman Sachs leads $52m funding round for JUMO
Goldman Sachs, Proparco and Finnfund come on board as JUMO’s new investors.
New bank in Morocco opts for Path Solutions’ iMAL core banking system
Start-up Islamic bank Bank Al-Tamweel Wa Al-Inma (BTI Bank) implements new front-to-back office tech.
South African paytech Yoco raises $16m funding
Round led by Partech with participation from Orange Digital Ventures.
United Bank of Egypt completes Finastra core banking revamp
The selection for retail, corporate and treasury business was made in 2016.
UK offers fintech expertise to Nigeria
Due to Brexit, it needs to find new markets.
Azimo partners with Interswitch for cross-border payments in Nigeria
Creating a Europe-Nigeria channel for the underbanked.
I&M Rwanda about to roll out Infosys Finacle 10
18 months in the works, moving away from Sopra Banking Software’s core banking tech.
Stripe and Visa join $8m funding round in African start-up Paystack
Nigerian payments firm also gets help from Tencent and Y Combinator.
Kenya’s Equity Group turns Finserve subsidiary to fintech
Its MVNO is now an autonomous commercial enterprise.
Standard Bank’s online escrow service Shepherd meets its end
No explanation as to how or why from the South African bank.
Morocco’s Attijariwafa Bank chooses Path Solutions’ core system
Bank Assafa (subsidiary of Attijariwafa Bank Group) is Path’s third client in the country.
State Bank of Mauritius gets Miles ahead for wealthtech
Bank will use MoneyWare platform. Not listen to a Miles Davis album.
Temenos teams with AUC Venture Lab in Egypt
Vendor promoting its core banking system to start-ups.
Nigerian digital credit platform Mines secures $13m funding
Looking for growth in Africa and new staff.
BHCI in core banking overhaul with ERI’s Olympic
Banque de l’Habitat de Côte d’Ivoire says adieu to CapitalBanker.
Postbank Kenya unveils mobile banking service M-chama
Targeting small savings groups.
Mobile money maestro Eversend launches in Africa
New firm enters alpha testing phase.
Fintech: the driving force behind financial inclusion and empowerment in developing economies
Fintech start-ups are thinking “solution” to the benefit of millions people.
Nova Merchant Bank live with Intellect Design Arena’s core banking system
Nova Merchant Bank is the first taker of the Intellect Digital Core system in Nigeria.
Allianz completes Ensure Insurance acquisition in Nigeria
All part of its plan for long-term growth in Africa.
Absa’s ChatBanking service now includes WhatsApp
Says it’s first in the world to offer full banking services via the chat app.
Chase Bank Kenya endures four-day outage after tech migration
The transition to SMB Holdings’ new platform was most likely the cause.
Jumhouria Bank of Libya selects SmartStream for real-time control
SmartStream to provide intra-day reconciliations management.
Payments start-up Akwewa launches in Benin
Cotonou-based firm offers money transfers around the world.
Standard Bank SA faces IT crash, again
ATMs and online platforms were affected, according to reports.
