Temenos, the banking software company, has announced the launch of Temenos Learning Community (TLC) Engine, the latest addition to the TLC training suite. TLC Engine helps banks to reduce operational risk and costs, monitor their regulatory compliance better, and increase staff engagement; it can be deployed on the cloud or on premise and integrates seamlessly
Paystack, a Nigeria-based startup providing payments tools to businesses in Africa, has raised $8 million in Series A funding. The round was led by Stripe, and includes Visa, follow-on funding from Tencent and Y Combinator, as well as angel investors Tom Stafford (Managing Partner at DST Global), Gbenga Oyebode (founding partner of Aluko & Oyebode
Entersekt, an innovator in mobile-first fintech solutions, announced it has signed an agreement with the GSMA to offer Mobile Connect to its institutional customers. Developed by the mobile industry as a universal mobile-device–based authentication service, Mobile Connect allows consumers across the globe to access their digital accounts via a single login. Users of the service
Ecobank, the leading independent pan-African banking group, has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology start-ups. The list includes eleven fintech start-ups from across the continent and beyond. An Innovation Fair & Awards ceremony will honour the start-ups on August 30, 2018 at the
Visa, the world’s leader in digital payments, announced a tech startup based in Kenya, Mookh Africa, as the overall winner of its first ever Sub Saharan Africa (SSA) Everywhere Initiative, a global program aimed at startups and designed to encourage the development of the next big thing in payments. The winning solution beat 11 other
MobiKwik, one of India’s leading digital financial services platform, has announced the appointment of three Business heads. The appointments are in line with the ongoing restructuring of the senior leadership team, so as to achieve four-fold growth in the current year. Deepak Batra has joined as ‘Head- Online Business’ at MobiKwik. He will be responsible
Verifone and Bluefin announced a partnership to provide Bluefin’s PCI-validated Point-to-Point Encryption (P2PE) security solution to merchants using either Verifone’s POINT or Retail Transaction Switch (RTS) solutions. Through this partnership, merchants can reduce not only the cost and effort they incur when trying to comply with PCI PA DSS requirements, but also mitigate the risk associated with
GIMAC, the regional electronic money transfer platform of Central Africa and TerraPay, the world’s first mobile payments switch have signed a strategic partnership agreement that will strengthen the remittances ecosystem in CEMAC region. The partnership will enable instant cross border money transfer to bank accounts and mobile wallets in the CEMAC zone, comprising of Cameroon,
Cloud and partnerships key to survival for finservs While financial services institutions have been able to collect huge volumes of data on customers and their behaviours, they need to turn to new technologies and strategic partnerships to improve internal processes and customer experiences, in order to successfully monetise this information, according to Ron Raffensperger, CTO
Wirecard, the leading innovation driver of digital financial technology, and Telenor, a leading telecommunication operator in Bulgaria with over 3.1 million active subscribers, launched processing services to offer customers of Telenor Bulgaria an increased range of digital payment methods. From now on, Telenor’s customers will be able to benefit from credit card payments using MyTelenor
