IFRS 9 – Why Credit Bureaus Are The Ideal Partner?

Financial institutions around the globe are feeling the heat from the introduction of IFRS 9 impairment reporting. Credit Bureaus offer the most effective solution for compliance and harnessing the benefits of Credit Risk Scoring and PD estimation. 2018 has seen the introduction of IFRS 9 in many countries around the world. The Credit Industry has broadly understood and accepted the reasons […]

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Fintech flourishes in Uganda as regulation remains hands-off for now

Financial technology is flourishing in Uganda, thanks partly to the enormous popularity of mobile money and payment systems and partly to the hands-off approach of the country’s regulators. Although regulation does exist, it applies only to certain areas of the fintech market and even in those areas, it tends to be loosely applied. For example, […]

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“Africa is the Silicon Valley of banking”, say co-founders of TagPay

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 Manceron, in their new analysis of the digital revolution, Fintech: The Banks Counter-attack. The book was presented at a press […]

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Tanzania’s startup Nala wins 2018 Ecobank Fintech Challenge

Tanzanian startup Nala is the winner of this years’ Ecobank Fintech Challenge. Nala beat ten other finalists to emerge as the overall winner of a US$10,0000 cash prize. Nala is a mobile money application that works offline, without an internet connection. It provides a unified user experience in which multiple financial services can be connected on […]

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Fintech may have a more profound impact on financial services in Africa

Fintech may have a more profound impact on financial services in Africa than in Europe or the US. this is according to the more than international fintech pioneers who gathered at the Radisson Blu Gautrain, Johannesburg for the Finnovation South Africa 2018 summit. The fintech pioneers who included African digital pioneers, investors, policymakers, entrepreneurs and […]

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Fintech SandBox Policy to be Ready by July 2018, Says CMA Boss, Paul Muthaura

Regulation in the Blockchain and crypto space is inevitable and coming very soon. To enable this, Capital Markets Authority is setting up a sandbox and with it comes a sandbox policy. The Fintech Sandbox Policy aims to regulate how financial startups and innovators bring their products to the Kenyan market and is expected to be […]

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Finnovation Kenya 2018: Collaboration way forward to driving constructive economic outcomes from the FinTech ecosystem in Africa

Finnovation Kenya 2018 summit kicked off today at the Radisson Blu Nairobi, bringing together more than 200 FinTech experts to discuss about the future of fintech in Africa. The experts also included African pioneers, investors, entrepreneurs and leading bankers to also discuss how the FinTech revolution can boost strategic economic priorities such as financial inclusion […]

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Finnovation South Africa 2018: How FinTech is Accelerating Digital Transformation of Banking in Africa

The unique environment for financial services in Africa is fertile ground for innovative FinTech players who are capitalising on the opportunities to disrupt or leapfrog established business models. This models are aimed at making financial services more affordable, accessible and profitable across the continent.   Finnovation South Africa 2018, which will be held on the […]

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Who wants complimentary passes to the Finnovation Africa: Kenya 2018 summit?

The Finnovation Africa: Kenya 2018 summit is coming to Nairobi on 31st May 2018. The event will bring together more than 300 participants from established banking powerhouses to Fintech startups to tackle the most pressing questions for the progress of Fintech in Africa. The events which is being organized by Ethico Live will also prove […]

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Submissions for Ecobank’s 2018 Fintech Challenge now open, targets African Startups

Ecobank has launched its 2018 Ecobank Fintech Challenge for African startups. Now in its second year, the initiative gives African startups the chance to promote their fintech solutions, and potentially partner with Ecobank in rolling out their solutions across the bank’s 33 markets.   Submissions are open to all startups and developers from any of […]

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Industry Leaders Define How FinTech is Accelerating Positive Transformation of Banking in Africa

The FinTech space in Africa is witnessing rapid growth as innovative new financial services players disrupt the traditional modalities of banking across the continent. Finnovation Africa: Kenya 2018, which will be held on the 31st of May 2018 at the Radisson Blu Nairobi, will gather international FinTech experts together with African pioneers, investors, government policymakers, […]

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FinTech in South Africa: Accelerating the Digital Transformation of Banking & Financial Services

Ethico Live has announced the launch of Finnovation South Africa summit. The event will see participants from established banking powerhouses to FinTech startups gather in Johannesburg on 6th of June 2018 to address how FinTech can contribute to the positive and profitable transformation of financial services in Africa. Speaking at the announcement of the launch […]

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Digital credit scoring is paving the way to more affordable microloans in East Africa.

Fintech companies are using digital technology to score the creditworthiness of people in emerging markets, potentially enabling millions of people in East Africa to get access to affordable credit and financial services for the first time More than 2.5 billion people around the world – many of them in Africa – lack formal identification that […]

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FinTech players to gather in Nairobi for the Finnovation Africa Series summit

More than 300 participants from established banking powerhouses to FinTech start‐ups will in May gather in Nairobi for the Finnovation Africa 2018 summit. The event will bring together stakeholders to tackle the most pressing questions for the progress of FinTech in Africa, providing a platform for them to engage in creating the future of financial […]

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The Main FinTech Disruptors of International Money Transfers

The international money transfer market has experienced significant changes since the turn of the last century, primarily because of the Internet’s widespread coverage and its evolving technology. FinTech companies have entered different markets, taking many a bulls by the horn, and the field of cross-border remittances is no different. While some of the older players […]

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Addressing Financial Inclusivity through Digital Democracy: Is Bitcoin the digital version of gold?

Financial inclusivity is a pre-requisite for building any economy, none more so than in Africa. Acknowledging the role Fin-Tech is playing in redefining financial boundaries and opportunity, AfricaCom 2017 has added a specific track focusing on Africa’s financial digital fluency.  Debuting this year at the continent’s single largest and most influential technology, media and telecoms […]

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Regional and international experts gather in Nairobi to discuss the future of payments in the region.

The 2017 Seamless East Africa conference kicked off in Nairobi today, bringing together regional and international experts to discuss the future of payments in the region. The conference is the region’s most extensive technology and solution event for the fintech, payments and banking industries.   It brings together the biggest global innovators, trailblasers, and gurus […]

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Kenyan Fintech Innovators benefit from first ever Africa Fintech Unconference

Kenyan Fintech innovators were part of the Fintech innovators from across the continent that took part at the first ever Africa Fintech Unconference 2017 held in Ghana.  The Fintech Innovators had a chance to learn from each other the two-day event brought together Fintech innovators, thought leaders, banks and other established financial players in the emerging […]

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Cellulant’s Ken Njoroge (pictured right) with the winners of the African FinTech 2016 in Johanesburg, South Africa at the conclusion of the Awards.

Cellulant beats Mpesa to win Best Payments and Transfers Company Award at African FinTech 2016

Pan-African mobile commerce company Cellulant, emerged the winner of the Payments and Transfers category in this year’s African FinTech 100 Awards. The company received the award at a ceremony held in Johannesburg, South Africa last week. Cellulant which has its headquartered in Nairobi was among the more than 100 FinTech companies shortlisted for the Africa […]

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NetGuardians Africa nominated for the 2016 African FinTech Awards.

NetGuardians has been nominated for the 2016 Africa FinTech Awards. The innovative Swiss Fintech company which was  inaugurated in Nairobi, Kenya in 2016 to curb fraud and cybercrime in Africa will compete with other 100 top African FinTech companies including Safaricom’s M-Pesa to win the award. The company’s solutions are designed on the recognition that human […]

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FINCA and First Access Announce World’s Largest Microfinance Fintech Collaboration

FINCA and First Access, whose technology predicts the credit risk of borrowers in informal markets, has announced a new collaboration that will create the largest and most sophisticated alternative credit-scoring approach by a microfinance institution (MFI) in the world. The partnership according to the two partners will vastly improve FINCA’s outreach to excluded populations. First Access says […]

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