SWIFT to Eliminate Frictions in International Payments By Upfront Verification of Account Details in Real Time

Posted on by Staff Writer | 2862 Views | 14 min read

New service enables real-time payment validation to reduce errors, exceptions and costs caused by wrong or missing beneficiary information Removes a key area of friction in cross-border payments, supporting SWIFT’s strategy for seamless, instant account-to-account transactions SWIFT has announced the go-live of a service that will enable banks to verify payee account details before an

Ukheshe Takes Another Step Closer to Unicorn Status as it Comes Second in Prestigious KPMG Global Tech Innovator Launch

Posted on by Staff Writer | 25754 Views | 10 min read

The KPMG Private Enterprise Global Tech Innovator Africa competition came to an exciting close this week and saw Africa’s future unicorn, Ukheshe, take second place among 75 other worthy entrants across Africa. The maiden KPMG Global Tech Innovator launch showcased Africa’s place as the next global the next growth and investment frontier. Aimed at recognising

Over 9,000 Customers Benefit From GCB Loans

Posted on by Staff Writer | 5062 Views | 7 min read

GCB, Ghana’s largest bank, as part of measures to ameliorate the sufferings of its customers from the ravaging effects of the COVID-19, has advanced in excess of GHS 156.1 million in personal loans to over 9,000 customers. The enhanced loan product which was aggressively offered during the peak of the pandemic to provide financial support

Razorpay & Mastercard Launch Mandate HQ, a Safe & Secure Recurring Payment Interface

Posted on by Staff Writer | 3533 Views | 18 min read

To further the adoption of digital payments in a safe and secure manner, the RBI has issued a framework for processing of e-mandates on recurring online transactions. It has made AFA (Additional Factor of Authentication) mandatory for all recurring transactions below INR 5000 on debit cards, credit cards, even UPI and other Prepaid Payment Instruments

Ecobank Group Named 2021 African SME Bank of the Year

Posted on by Staff Writer | 5115 Views | 13 min read

The Pan-African banking group, the Ecobank Group, is the African Banker’s 2021 African SME Bank of the Year. Ecobank beat a host of other banks in the African Banker Awards 2021 to take home the SME Award in a 2020 tumultuous year characterised by the Covid-19 pandemic which continues to ravage many African economies, with

MoData Announces Strategic Partnership with Mazars to Bring World Class Advisory Services to the African Financial Services Industry

Posted on by Staff Writer | 2882 Views | 12 min read

Digital and finance solutions specialists, MoData, has partnered with Mazars’ Financial Services Consulting division to help provide clients with sustainable solutions to enhance profitability. The partnership will give MoData clients access to Mazars’ deep expertise in helping financial services organisations manage the profitability of their business through the provision of monitoring tools, diagnostic reviews and

Financial Institutions Enhance Customer Experience and Drive Growth with Cloud-based CRM from Fiserv

Posted on by Staff Writer | 3111 Views | 11 min read

Built on Microsoft Dynamics 365, the Enteract customer relationship management platform enables integrated sales and service for retail and commercial banking Fiserv, Inc., a leading global provider of financial services technology solutions, has launched EnteractSM, a new, cloud-based customer relationship management (CRM) platform for financial institutions. Built on Microsoft Dynamics 365, Enteract enables financial institutions

Standard Bank Collaborates with Transaction Capital to Empower Businesses in Driving Smarter Payments and Collections Decisions

Posted on by Staff Writer | 3805 Views | 11 min read

Standard Bank, Africa’s largest financial services organisation, has collaborated with Transaction Capital to develop an intelligent data solution that will empower businesses with a deeper understanding of consumers’ payment and transaction behaviours. Coined AUTHENTIFI, the value proposition is designed to assist businesses enhance risk management, optimise cost and efficiencies, and improve cashflow and collection success

Absa PMI Moved Lower for a Third Consecutive Month and is Now Back in Line with February’s Level

Posted on by Staff Writer | 3635 Views | 11 min read

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged down slightly to 57.4 index points in June 2021 from 57.8 in May 2021. All 5 of the headline PMI’s major sub-components were above the neutral 50-point mark in June. Furthermore, the average reading of both the headline PMI as well as the business activity index during the

Mastercard Partners with Eazy Financial Services to Expand Digital Offering for SMEs and Merchants in Bahrain

Posted on by Staff Writer | 3210 Views | 11 min read

Partnership will leverage Mastercard’s expertise and solutions to provide SMEs and micro merchants in the Kingdom with digital payment tools Mastercard has partnered with Bahraini fintech & Payment service provider Eazy Financial Services to provide SMEs and micro merchants with digital payment tools and access to financial services that will accelerate inclusive economic growth in