Synthesis | Blockchain and The Future of Remittances

By Ramtin Mesgari, Synthesis Software Engineer Every year, hundreds of billions of dollars are sent across borders by emigrant workers who have moved away from their home countries. Global remittances in 2018 alone totalled over $600 billion and the number of migrant workers continues to increase every year. And yet, migrant workers who leave their

Standard Chartered Appoints Bongiwe Gangeni to Lead Consumer, Private and Business Banking for Africa, Middle East, Europe Region

Bongiwe will be based in Dubai when she joins the Bank in March 2022 Standard Chartered (www.SC.com) has appointed Bongiwe Gangeni as Head, Consumer, Private & Business Banking (CPBB), Africa & Middle East, and Europe (AME/E), subject to regulatory approval. Bongiwe will be based in Dubai when she joins the Bank in March 2022. Bongiwe

MoData Partners with DataVisor to Deliver Real-time AI-powered Fraud Detection

MoData, leading specialists in providing digital solutions for financial services, has partnered with technology pioneers DataVisor to deliver a comprehensive suite of AI-powered fraud management solutions to its customers across Africa. This new partnership will give MoData clients access to DataVisor’s comprehensive fraud and risk management platform, which enhances and accelerates fraud detection, keeping companies

Dashen American Express® International Debit Card Launched

Dashen is the most reputable brand in Ethiopia’s Banking industry, pioneering different forms of digital banking. The bank has registered consistency in terms of delivery of various technological outputs. It was the first bank to introduce card banking to the Ethiopian banking industry. Dashen also works in partnership with renowned international electronic payment brands like

Ecobank Group Announces the Top Five Finalists in its 2021 Fintech Challenge

The challenge, in its fourth edition, is designed to help Fintechs with Africa focused products join forces with the leading pan-African Group to provide Africans with groundbreaking financial services Finalists to compete for the top prize and could be inducted into the coveted Ecobank Fintech Fellowship to pursue commercial partnerships with the Ecobank Group (www.Ecobank.com),

RBR | Customer Convenience and Personalisation Drive Bank Branch Transformation

Banks worldwide embrace new technologies and branch strategies in response to changing customer behaviour and expectations The demand for self-service continues to rise RBR’s report Branch Transformation 2021 reveals key trends in customer behaviour which help to shape and drive branch transformation initiatives around the world. One notable trend is the ongoing shift away from

Adumo Partners with TymeBank to Enable MoreTyme at SMEs Across South Africa

Fintech and payments provider Adumo has partnered with TymeBank to extend the newly-launched MoreTyme payment offering to small and medium enterprises in South Africa. MoreTyme is a buy-now-pay-later (BNPL) payment service that offers consumers a three-instalment, interest-free payment option at the point of sale. Paul Kent, CEO at Adumo, says South African businesses and consumers

FNB Wins Best SME Bank in South Africa and Africa

FNB has been announced as the Best SME Bank in South Africa and Africa at Global Finance’s inaugural SME Bank Awards. The criteria for Best SME Bank is based on knowledge of SME markets and needs, breadth of products and services, market standing, and innovation. FNB was recognised as the bank that best meets the

BankservAfrica and TymeBank Leverage APIs

BankservAfrica went live with an Application Programming Interface (API) for its Real-Time Clearing (RTC) payments solution. The first financial transactions on RTC were processed on 20 October 2021, after the API development was completed successfully by BankservAfrica and TymeBank. TymeBank is the first South African bank to leverage this modern and agile connectivity to BankservAfrica’s

SOLMate Prepaid Cards Give Financial Freedom to the Financially Excluded

SOLMate has announced the launch of its newly branded SOLMate prepaid debit cards. In its ongoing effort to offer clients a fully-fledged financial ecosystem in their pockets, SOLMate has further enhanced its solutions with the launch of this new generation debit card. In addition to the host of payment services housed in the SOLMate app,