Archive
Interest in Fintech Picks up in Cameroon
Cameroon’s nascent fintech industry is gaining traction this year, a trend reflected by rising digital financial services adoption, considerable funding going towards paytech startups, and several product announcements. Maviance, the owner of digital payment platform for merchants Smobilpay, raised a
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AAR Insurance Partners With Safaricom to Migrate to AWS Cloud
AAR Insurance has inked a deal with telecommunications provider Safaricom to roll out new technology infrastructure based on the Amazon Web Services (AWS) as part of its goal to be a full digital insurance company. The medical underwriter has begun
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Standard Bank Partners Microsoft to Accelerate Digital Transformation in Africa
Standard Bank and Microsoft announced a strategic partnership to accelerate its digital transformation. The bank’s growing investment in the Microsoft Cloud will enable the innovation, efficiencies, and resilience required to respond to market dynamics and customer needs. This partnership builds
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United Bank for Africa Taps Irish Digital Banking Provider Layer for Digital Drive
Ireland’s digital banking platform provider, Layer has announced that it is partnering with United Bank for Africa (UBA) to fuel its digital transformation aimed at providing greater access to a wider range of financial services for its African customers. Layer
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IFC Launches DigiLab Finance to Boost Tech Adoption Among African Banks
The International Finance Corporation (IFC) launched its DigiLab Finance training and support programme to increase financial inclusion as well as support the digital transformation of financial institutions across Africa and the Middle East. DigiLab Finance is a capacity building programme
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Zimbabwe, Togo and Zambia Showed Significant Growth in Fintech Interest Since the Past Year
Over the past year, Latvia, Zimbabwe and Israel have witnessed the highest surge in fintech interest worldwide, an analysis by the Fintech News Network found. Latvia considered as one of the most startup-friendly countries in the world Google Trends data
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Fintech Development in Algeria Lags Behind MENA Counterparts
Despite strong mobile phone penetration and high mobile broadband connectivity, fintech development in Algeria is still underwhelming compared to other nations in the Middle East and North Africa (MENA) region, experts say. According to World Bank experts, only 16% of
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