By Mark Dankworth Mobile transacting is fast becoming the golden egg of financial services – and nowhere more so than in Africa. According to the Global System for Mobile Communications’ (GSMA) 2021 State of the Industry [c]
ESET Research continues its series on Latin American banking trojans, this time dissecting Numando, which targets mainly Brazil and rarely Mexico and Spain. Numando is similar to the other malware families described in this series [c]
By Anna Collard Imagine if your mobile phone could be used to spy on you, listen to your conversations and send information and images from your device to a third party? This is not an [c]
2020 has marked the digital transformation boom in the finance and banking sector. Following the new digitalization trend, various banks and financial institutions have launched their smart applications in the Middle East and Africa region. [c]
The financial threat landscape experienced a game-changing pandemic year according to a new Kaspersky report. In the report, titled Financial Cyberthreats in 2020, it was found that while the overall volume of threats via PCs [c]
By Vincent Chen In the banking industry, the stable running of IT systems is imperative. This is what drove the industry to begin IT construction relatively early and what continues to drive it to make [c]
Vodacom Group and the SADC Banking Association have signed a memorandum of understanding that will allow the Vodacom Group to join the South African Development Community’s Transactions Cleared on an Immediate Basis (TCIB) payment scheme. [c]
By James Bayhack Why is it that Africa is experiencing such immense and impressive growth in mobile money schemes compared to the rest of the world? To understand this, one needs to be cognisant of [c]
Worldwide IT spending in the banking and securities sector is expected to decline by nearly 4.7% to $514 billion in 2020, according to Gartner. Spending on devices such as PCs and mobile devices will see [c]
From denial to anger to acceptance, victims of financial fraud often go through something resembling the five stages of grief. Too often, victims of online scams will be reluctant to take action once they realize [c]
Bankers from sub-Saharan Africa and China who attended the Huawei Sub-Saharan Africa Financial Services Industry Online Summit 2020 were agreed that digitisation of the sector will give it resilience against the current Covid-19 pandemic and [c]
As countries prepare for imminent easing of movement restrictions and resumption of normal operations in most sectors of their economies, many are convinced that some of the changes put in place within business operations due [c]
Libya’s Assaray Trade and Investment Bank (ATIB) has selected Temenos Infinity and Temenos Transact to power its digital transformation. Temenos’ cloud-native, cloud-agnostic banking platform will enable the bank to quickly launch new digital products for [c]
The financial services industry has been at an inflection point. Regulatory requirements have been on the climb, consumers have begun expecting highly personalised experiences while security threats remain dynamic. The challenges for banks, insurers, payments [c]
By Sophia Bekele Eshete Unless the central bank rectifies the wrongful appropriation of diaspora shares in Ethiopian banks and insurance companies, it will be a fool’s errand to come and invest their money… The National [c]
The past year has been extremely eventful in terms of the digital threats faced by financial institutions: cybercrime groups have used new infiltration techniques, and the geography of attacks has become more extensive. According to [c]
The rise of fintechs might be shaking up the banking sector in developed countries, but African banks are taking full advantage of this technological revolution. So argue the co-founders of TagPay – Yves Eonnet and Hervé [c]
Temenos, a banking software vendor, 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 [c]
Relational, a Greek financial solutions software firm, has launched a new solution, AroTRON Collections & Recoveries, targeted at Kenya’s banking industry. During an event held at a Nairobi hotel, Relational unveiled AroTRON Collections & Recoveries to key bank [c]
Traditionally and for along time, Housing Finance Company – which has since rebranded to simply Housing Finance (or HF in short) – was known for nothing else apart from the provision of mortgage lending services [c]
Finserve is targeting to have 500 developers from East and Central Africa to be actively using its application programming interface (APIs) by the end of the year in addition to 2,000 SMEs and start-ups. Developers, start-ups [c]
IBM has announced a new blockchain banking solution that will help financial institutions address the processes of universal cross-border payments, designed to reduce the settlement time and lower the cost of completing global payments for [c]
Check Point Software Technologies recently revealed that banking trojans were extensively used by cyber-criminals during August, with three variants appearing in the company’s latest Global Threat Impact Index. The Zeus, Ramnit and Trickbot banking trojans [c]
By Kunle Awosika The concept of banking has been around for centuries and has had to evolve with changing human needs. In today’s digital age we have seen a major transformation in the financial services [c]
By Chris Bwakira Africa is a hotbed of innovation, particularly in the digital and payment space. Every day, this is proven through the introduction of new and better solutions that truly make a difference in [c]
By Khalid Elgibali The sweeping changes in payments technology fascinate me, and this stems from my observations as a child. Growing up, I vividly remember lining up at the bank with my father, eagerly waiting as [c]
Atlas Mara and Mastercard have signed three strategic business agreements, which aim to build a stronger digital payment ecosystem with a focus on accelerating financial inclusion in sub-Saharan Africa. The strategic alliance will pave the [c]
‘Checking your account balance, paying bills and managing your finances… Nowadays, it is pretty normal to do all those things online…. But are you sure you do them in the most secure way? Presently, cybersecurity [c]
Traditional retail banks must find ways to collaborate with fintech start-ups and integrate fintech offerings into their services to remain relevant to customers, according to a new Efma Digest. Packed with insight from experts and [c]
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