South African challenger Bettr prepares for 2021 launch
“Young people are being excluded from wealth-generating services,” says CEO.
South Africa
South African association predicts the death of the cheque
PASA says it’s willing to help banks make the transition.
UK challenger Samie to launch in 2025
The start-up claims it hit the 500,000 future customer mark in mid-2019.
Nedbank Private Wealth appoints Chris Kirk as new chief risk officer
Chris M Kirk joins the firm to support its international growth.
Estonian fintech Planet42 to tap South Africa’s alternative car finance market
The fintech landed €2.2 million in seed funding last month.
P2P payments app Chipper Cash lands $13.8m
The San Francisco-based start-up operates across seven African countries.
Postbank replaces 12m cards after employees steal master key
The employees stole the bank’s master key back in December 2018.
Open banking start-up truID raises funding to expand customer base
It has raised an undisclosed funding round to help build out its product.
Flywire’s CEO on unicorn status: “It means nothing until it is something”
“I’m the most anti-unicorn terminology person, so it’s quite ironic,” says Massaro.
Standard Bank shifts SAP core system to Microsoft Azure cloud
South African bank’s “Project Embrace” kicks off with a core switch.
Catalyst Fund raises $15m from JP Morgan and UK Aid for emerging market fintechs
Thirty fintech start-ups from South Africa, Kenya, Nigeria, India and Mexico will get funding.
BRICS nations aiming for common payment system
Russian official says the association is looking to reduce reliance on USD.
Crypto bundler Revix targets female investors, aims to make digital assets “responsible”
Revix will be sponsoring entrepreneur platform Future Females.
Old Mutual plans to move 1,000 applications to AWS cloud
South African financial group makes strategic cloud decision
Zip acquires PartPay for $50m
The Aussie credit card company has also purchased an equity interest in QuadPay.
Standard Bank and Nomanini sign 12-months in the making $4m deal
Nomanini will be looking to raise additional funding for growth.
DPO Group acquires PayFast
A major deal for the African paytech sector.
Challenger banks in South Africa: who’s who and what’s their tech
A comprehensive list of South African challenger banks and banking services and the tech they are using.
Infosys Finacle digitises Standard Bank’s African branches
The Mobile Teller Solution has slashed waiting times.
Barko chooses Temenos to power bank ambitions
The microfinance institution has applied for a banking licence.
JSE goes live with new real-time clearing platform from Nasdaq
First asset classes are migrated as part of JSE’s multi-year plan.
Ithala SOC selects Intellect Design to support expansion plans
The system integrator will be Tech Mahindra.
Standard Bank moves over to AWS
All its workloads, including its customer facing and core banking applications.
Challenger banks country by country: who’s who (and what’s their tech)
Comprehensive and free guides for UK, Spain, Germany, France, US, Canada, South Africa, Australia, India and Hong Kong.
South Africa’s Standard Bank to axe 1,200 jobs
It will also close 91 branches in the name of digitalisation.
South Africa’s Standard Bank to unleash payments blockchain platform
Plans a cloud-based platform for foreign exchange and settlement in H1 2019.
TymeBank launches with Mambu core system
South African bank finally live and using Software-as-a Service (SaaS) offering.
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.
TymeBank times South African launch for this month
Digital challenger gets ready following its soft launch in December 2018.
Absa AI automates account switching in South Africa
Bank’s CIO Jacques Barkhuizen calls it a “world first”.
South Africa talks tax with crypto task force
Government gets tough on cryptocurrency activities.
Banking tech problems hit TSB and Absa
UK and South Africa united in fintech grief.
South Africa’s FNB turns to township trade
First National Bank partners with Selpal for new customers.
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.
Top fintech stories this week – 2 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Bank Zero launches trial in South Africa
Bank Zero is mobile-driven, 45% black-owned an 20% women-owned.
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.”
