USTDA Advances U.S. Digital Banking Technology in Nigeria

USTDA

USTDA Supports Zenith Bank’s Transition to Microsoft’s Azure Cloud Platform The U.S. Trade and Development Agency announced that it has awarded a training grant to Zenith Bank Plc (Zenith) to support institutional skill set transformation as it adopts the Azure hyperscale cloud platform from Washington-based Microsoft Corporation (Microsoft). Zenith’s switch to this technology will increase

Stanchion On-Demand Webinar: The Future of Banking – Platformication and Payment Fabric

Access the webinar here How can banks stay ahead in a rapidly changing industry? In just 30 minutes, Stanchion Payment Solution’s on-demand webinar, The Future of Banking – Platformication and Payment Fabric, explores how financial institutions are tackling emerging priorities through innovative technologies and smarter strategies. Drawing on IDC research with 150 banks, we unpack

Visa Launches Accelerator Program to Support African Startups in Transforming Fintech

Visa

Visa has launched the Visa Accelerator Program, a three-month initiative to help African startups grow and create new solutions in the financial sector. The program is open to startups at the seed to Series A stage that has market-ready products tackling key challenges in payments and fintech. To qualify, startups need to have a minimum

Arrabet Morocco and Skaleet Partner for a New Neo-Bank Offering in Africa

Arrabet

Arrabet, a major player in digital transformation in Morocco, has partnered with Skaleet, a leader in next-generation core banking solutions in Europe and Africa, to launch a new neo-banking offering dedicated to the African market. Arrabet announced the deal in a press release Wednesday. This partnership aims to transform access to digital financial services and

Absa Secures US$150mn Facility for African SMEs from BII

Absa

Absa Bank CIB has secured a US$150mn facility from the UK’s British International Investment (BII) to fund sustainable trade in Africa. According to a joint press release, the financing will support transactions, including those benefiting women—and youth-led SMEs. The press release says the partnership is “making strides in advancing the efforts of the African Continental

IFC and Equity Bank of Kenya Partner in Landmark Facility to Support Financial Inclusion for Refugees

IFC

IFC today announced a risk sharing facility for Equity Bank of Kenya that is the first globally to be dedicated to financial inclusion for refugees and their host communities. The $20 million facility will boost financial inclusion for individuals and small businesses in Kenya’s most underserved regions, including the Turkana and Garissa refugee hosting areas,

Stanchion Payments to Partner With PCI Security Standards Council to Help Secure Payment Data Worldwide

Stanchion

Stanchion, a global Payment Technology company and a pioneer of Payment Fabric, announced today that it has joined the PCI Security Standards Council (PCI SSC) as a new Associate Participating Organisation. Stanchion will work with the PCI SSC to help secure payment data worldwide through the ongoing development and adoption of the PCI Security Standards.

Omnisient, the SA-Founded Fintech, Secures $7.5m Investment From Arise.

Omnisient

The South African fintech start-up, Omnisient, has received a $7.5 million investment from Arise, advancing financial inclusion in Africa. Founded in December 2019, Omnisient is a privacy-preserving data collaboration and insights platform that allows the owners and users of consumer data to collaborate to extract commercial insights without compromising consumer privacy. The technology provides a

Paymentology Achieves Mastercard’s Cloud Edge Certification

Paymentology

Paymentology. the leading global issuer-processor, today announces its connection to Mastercard leveraging Mastercard’s Cloud Edge, further advancing its comprehensive cloud-first strategy to deliver next-generation payment solutions across the globe. The new certification aligns seamlessly with Paymentology’s cloud-first approach. Mastercard’s Cloud Edge allows customers to connect to Mastercard from cloud providers of their choice and supports

Equity Bank (Kenya) Limited Announces New Appointment

Equity Bank

Equity Bank (Kenya) Limited, a subsidiary of Equity Group Holdings Plc, is one of the leading banks in Kenya. Equity Group Holdings Plc. is a Pan-African financial services holding company listed on the Nairobi Securities Exchange and cross-listed on Uganda Securities Exchange and Rwanda Stock Exchange. The Group has other banking subsidiaries in DRC, Rwanda,