Adopt an Agile Digital Banking Platform: Improve Innovation, Create New Value and Increase Profitability

The report looks at how niche markets push banks to innovate – to go beyond supporting basic and necessary banking transactions – on the same digital banking platform CR2’s latest market insight report, ‘Adopt an Agile Digital Banking Platform’ has been written in collaboration with Stessa Cohen (www.pivotassets.co), an internationally recognised expert on the digital

Fintech Introduces New Online Payment Gateway for Small Businesses

In 2020, the South African e-commerce market grew by 66% and is now expected to be valued at R225 billion by 2025. As small businesses make the move into digital commerce, so begins the search for online payment methods that can offer security and reliability at a rate that maintains realistic profit margins. Now, financial

Crossfin Technology Holdings acquired by a Consortium of Investors in a ZAR1.5bn deal

Fintech company Crossfin Technology Holdings (“Crossfin”) acquired by a consortium of investors in a ZAR1.5bn transaction (the “Transaction”). Crossfin, a leading player in the South African fintech industry, announced today it is being acquired by a consortium of investors (“Consortium”). The Transaction is considered a landmark deal in the fintech industry and will see Crossfin

Stanbic IBTC Introduces Smart Loan to Support Customers

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, has introduced a Smart Loan digital solution to enable customers who have an account with their Asset Management arm access a loan to enable them meet their medium-term financial obligations. According to the bank, the devaluation of the naira due to the global economic downturn

Kenya Upgrades its Real-Time Payments Infrastructure

Integrated Payment Services Limited (IPSL) is the Kenya Bankers Association’s (KBA) real-time payment services company. Recently, IPSL launched a modernized real-time payment system based on ISO 20022. The new real-time payment system, delivered by TietoEVRY, put Kenya as one of the first countries in Africa to start running an ISO 20022 instant payments system with

Visa Completes Acquisition of Currencycloud

Visa has announced it has completed the acquisition of Currencycloud, a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments. The acquisition will empower Visa and Currencycloud clients and partners to provide greater transparency, flexibility and control for consumers and businesses when making international payments or doing business

ABK-Egypt Collaborates with Mastercard to Boost Contactless Payments

Al Ahli Bank of Kuwait – Egypt (ABK-Egypt), one of the fastest-growing banks in Egypt, has entered into a strategic partnership with Mastercard to launch “ABK Pay Sticker” – a contactless payment solution to  enable the growth of Egypt’s digital economy, enhance financial inclusion and provide consumers with a seamless payment experience. The latest addition to

Mastercard, Thales and Providus Bank Launch a Tokenisation and Digitisation Initiative in Nigeria

COVID-19 has led to more consumers and in-store employees avoiding physical contact and embracing social distancing. Mastercard and Providus Bank are extending the “contactless” payment solution alongside the growth of a low-touch environment, especially as more and more people are seeking safer and more secure ways to transact. Mastercard, Thales and Providus Bank have partnered to bring

SWIFT Delivers Major Milestones in Strategy for Instant and Frictionless Transactions

A year after sharing a bold vision to enable instant and frictionless transactions from one account to another anywhere in the world, SWIFT  underlines major progress in realising this vision in 2021. SWIFT has delivered on many commitments, including transforming the speed and transparency of low-value payments, removing key frictions by validating payments upfront, and

SWIFT’s ISO 20022 Services for Cross-Border Payments Ready for Customer Testing with Launch of In-Flow Translation

–              Complete environment ready for customer testing –              Available 12 months before migration period begins –              Suite of test services includes network-based ISO 20022 to MT (‘in-flow’) translation –              Production services will support the industry’s adoption of the new standard SWIFT today announces the availability of its new In-flow Translation service and confirms that it