First Bank of Nigeria Limited (FirstBank or the Bank), the foremost Nigerian bank, announced the acquisition of the remaining shares in FBNBank DRC Limited (FBNBank DRC), making it FirstBank’s wholly owned Subsidiary. FirstBank said this follows its initial investment in FBNBank DRC (formerly Banque Internationale de Credit) in 2011, when the Bank acquired a 75%
The South African Reserve Bank (SARB) has issued an operating licence to TymeDigital by Commonwealth Bank SA. This is the first licence issued to a new bank by the SARB since 1999. The licence is scheduled to be published in the Government Gazette on Friday 29 September 2017. Commonwealth Bank of Australia (CBA) Group CEO,
The South African Reserve Bank (SARB) has issued an operating licence to TymeDigital by Commonwealth Bank SA. This is the first licence issued to a new bank by the SARB since 1999. The licence is scheduled to be published in the Government Gazette on Friday 29 September 2017. Commonwealth Bank of Australia (CBA) Group CEO,
Luno announced its expansion into 35 new markets across Europe, and R120 million Series B funding round, led by London-based Balderton Capital, one of Europe’s leading venture capital firms. Rand Merchant Investments, through its fintech investment arm, AlphaCode, and existing investors Digital Currency Group also participated in the round. This follows Luno’s R60m Series A
As more financial service providers adopt machine-to-machine (M2M) solutions, it is becoming ever more apparent that these solutions are vital to economic inclusivity and innovation on the African continent. This is according to Jeremy Potgieter, SADC regional head at Eseye, who notes that the financial sector has always been a front runner in technological advancements
As more financial service providers adopt machine-to-machine (M2M) solutions, it is becoming ever more apparent that these solutions are vital to economic inclusivity and innovation on the African continent. This is according to Jeremy Potgieter, SADC regional head at Eseye, who notes that the financial sector has always been a front runner in technological advancements
Following its investment in new data centres and disaster recovery strategies, BankservAfrica, the largest automated clearing house and payment system operator in Africa, has contracted Veeam Software to modernise its backup and data protection systems. Processing billions of transactions annually for 23 banks and their 27 million customers while maintaining the safety and security of
Following its investment in new data centres and disaster recovery strategies, BankservAfrica, the largest automated clearing house and payment system operator in Africa, has contracted Veeam Software to modernise its backup and data protection systems. Processing billions of transactions annually for 23 banks and their 27 million customers while maintaining the safety and security of
Electrum, one of South Africa’s most successful fintech companies which specialises in payments technology, has been selected to participate in the Gartner Aspiring Innovators Programme. The aim of this prestigious programme is to highlight innovative providers of enterprise technology to attendees of the Gartner Symposium/ITxpo Africa 2017, which is being held in Cape Town from
Electrum, one of South Africa’s most successful fintech companies which specialises in payments technology, has been selected to participate in the Gartner Aspiring Innovators Programme. The aim of this prestigious programme is to highlight innovative providers of enterprise technology to attendees of the Gartner Symposium/ITxpo Africa 2017, which is being held in Cape Town from
