IBM Report: Identity Comes Under Attack in Middle East and Africa, Straining Enterprises’ Recovery Time From Breaches

Posted on by kara | 12583 Views | 21 min read

IBM released the 2024 X-Force Threat Intelligence Index highlighting an emerging global identity crisis as cybercriminals double down on exploiting user identities to compromise enterprises worldwide. This global trend is also reflected in the Middle East and Africa region (MEA), with the use of valid local accounts and valid cloud accounts, making up the primary

Shaping the Future of Banking in Africa With EFT Corporation

Posted on by kara | 51361 Views | 17 min read

Last year, the World Economic Forum called Africa the “world leader” in digital and mobile banking. There’s no doubt that banking in Africa has undergone significant changes in the last few years and that it will continue to change and grow in the coming years. How can business leaders prepare for this? How has the

Only a Quarter of Payment Issuers and Acquirers Have Made Significant Progress on Their Shift to the Cloud, New Research From HPS

Posted on by kara | 4702 Views | 11 min read

HPS, the leading global provider of payment solutions and services, has launched a new eBook, in partnership with OMDIA, on the unique opportunity presented by cloud-based payment platforms for financial institutions and merchants across the world. The eBook, Seamless Evolution: Transforming Financial Institutions with Cloud-Powered Digital-First Strategies for Enhanced Customer Experiences, canvasses the views of

Banking-As-A-Service Platform Revenue to Reach $94 Billion Globally by 2028, as API Deployment Unlocks Fintech Innovation – Juniper Research

Posted on by kara | 35750 Views | 6 min read

A new study from Juniper Research, the foremost experts in fintech markets, forecasts that global BaaS (Banking-as-a-Service) platform revenue generated from account/card issuing and transaction fees will grow by 158% to 2028; up from $36.4 billion this year. This expansion primarily comes from API deployment across eCommerce and freelance platforms, by connecting consumers to innovative

African Development Bank, Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA) Combat Money Laundering and Terrorism Financing in Africa Through New Project

Posted on by kara | 11745 Views | 8 min read

Distributed by APO Group on behalf of African Development Bank Group (AfDB). The African Development Bank and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) on Thursday officially launched a three-year support project to combat money laundering and terrorism financing in their member countries. The project, titled “Capacity Development for Anti-Money Laundering

Banks Must Embrace Next-Generation Solutions to Meet Customers’ Demands for a Data-Driven Journey – BFSI from Infobip

Posted on by kara | 11541 Views | 16 min read

By Dean Baker, Squad Lead, BFSI from Infobip South African banks have weathered rough seas during the past year, with many of their customers coming under severe pressure from a stagnant economy, rising cost of living and high interest rates. Despite these storms, the financial services industry is still delivering good profits and growth, but

Comviva Unveils Innovative Low-Code/No-Code Platform for Digital Payments and Banking

Posted on by kara | 14773 Views | 8 min read

Comviva, the global leader in customer experience and data monetization solutions, today announced the launch of its transformative Low-Code/No-Code Platform. Comviva’s Low-Code/No-Code composable platform is an extension of its existing mobiquity® platform and shall enable Financial Institutions, including Banks, FinTechs, and Digital Wallet providers to revolutionize the development landscape. The new platform will help Financial

Absa Bank Partners With Visa to Launch Superior Card Payment Offering for Travel Agents and Businesses

Posted on by kara | 35170 Views | 15 min read

Absa Bank Kenya, in collaboration with Visa, a world leader in digital payments, has introduced the Visa Commercial Choice Programme, a new Corporate Card solution targeting members affiliated with the Kenya Association of Travel Agents (KATA), allowing them the benefits of automation, flexibility and better cash flow management. Under this partnership, travel agents under KATA

CR2 named Technology Leader in SPARK Matrix for Digital Banking Platforms 2024

Posted on by kara | 12104 Views | 5 min read

CR2, the global digital banking and payments platform has achieved “Technology Leadership” position in Quadrant’s report on Digital Banking Platforms 2024. The report offers an in-depth analysis of the global Digital Banking Platform market, including trends, competitive landscape and a SPARK Matrix ranking of top vendors to guide technology providers and banks in their strategic

I&M Bank (Rwanda) Plc. And Network International to Collaborate on Accelerating Digital Payment Transformation in Rwanda

Posted on by kara | 16959 Views | 9 min read

I&M Bank (Rwanda) Plc., the oldest bank in Rwanda and licensed by the Central Bank of Rwanda, and Network International, the leading enabler of digital commerce across the Middle East and Africa, have signed a strategic partnership to provide advanced digital payment solutions in support of the bank’s efforts to boost the country’s financial inclusion