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13 November 2017

Nigerian FinTech Amplify launches social media banking solution

Nigerian online payments provider Amplify has partnered with banks in the West African nation to let clients conduct transactions via WhatsApp, Facebook Messenger and other social messaging platforms through its innovative mTransfers solution. It will be launched before the end of 2017. Amplify helps businesses accept recurring payments online within minutes from customers in over 100 countries. It plans to bring banks closer to a new generation of social media-savvy clients and provide consumers with a more convenient way of banking. “Social and messaging apps are six of the 10 most popular mobile applications across platforms in Africa. We believe that vibrant and digitally savvy consumers want financial services to meet them where they are, in the channels and platforms they use,” said CEO Segun Adeyemi. “We have built mTransfers to empower banks and other financial institutions to blend their payment process into the everyday lives of their customers and provide an engaging user experience for them,” said Maxwell Obi, the startup’s chief technology officer.

10 November 2017

WATCH: ThisIsMe at Finance Indaba 2017

Fica specialist ThisIsMe stormed to victory at the first time of asking in the Innovative Banking category at the African FinTech Awards 2017, hosted at the Finance Indaba Africa at the Sandton Convention Centre in October. The FinTech firm, which has experienced exponential growth over the past year and has already surpassed the notable milestone of one million verifications, also claimed the overall title along with reigning champion Easy Equities.

08 November 2017

The CFO must be a leading voice, says Sihlalo Jordan, Deloitte's deputy CE

“Every CFO is now a strategic partner to the organisation and has to be,” says Mgcinisihlalo Jordan, partner and deputy Chief Executive for Deloitte Africa. Better known as Sihlalo, the former leader of the firm’s financial services practice in Africa has an astute understanding of what should be expected of modern finance leaders. CFOs should champion the rise of disruptive technologies within their organisations, he said during an exclusive interview with CFO South Africa, where he also spoke about finance leaders’ responsibility to promote an aligned strategy, future-focussed technology and shining integrity.

07 November 2017

Navigate your future: CFOs flock to 'super summit' on 16 November

There is a lot at stake right now and your career and your business require that you make smart choices if you want to effectively navigate your way into 2018. And smart choices start with good information. The final CFO Summit of the year features boasts peer-to-peer learning and debates, plus exclusive insights on South Africa’s economic and political future from leading economist Goolam Ballim (Standard Bank), ZAR X CEO Etienne Nel and Deloitte's deputy CEO Mgcinisihlalo Jordan.

06 November 2017

The future of Africa is trade, says Standard Bank's Group Head of Trade, Vinod Madhavan

The responsibility of Group Head of Trade is both humbling and exciting, says Vinod Madhavan, whose career has taken him across Africa and Asia (living and working in India, Singapore and South Africa). “It affords an opportunity to work in the intersection of my passion and desire to contribute to achieving Standard Bank’s social, economic and environmental (SEE) outcomes.” Vinod says his experience of engaging customers across 25 countries has afforded him the opportunity to learn from the experiences in offering trade and working capital financing solutions to clients in institutional, corporate, commercial and business banking client segments.

03 November 2017

Gates Foundation launches open-source financial inclusion software

The Bill & Melinda Gates Foundation has released a new open-source software for creating payment platforms that will help unbanked people around the world access digital financial services. The software is designed to provide a reference model for payment interoperability between banks and other providers across a country’s economy. It is available now, free-of-cost, for software developers to adapt and banks, financial service providers and companies to implement. Information on the code can be found at mojaloop.io.

24 October 2017

I wanted to serve, says Ramasela Ganda, Public Sector CFO of the Year 2017

Earlier this year, Ramasela Ganda won the Public Sector CFO of the Year Award for her incredible accomplishments at Ekurhuleni Municipality. She dedicated the prize to “all public servants that serve us diligently and with honesty” and referred specifically to public sector CFOs who have “lost their lives because they said no to corruption”. Long eschewing a CFO role in the private sector, she left Ekurhuleni at the end of last year and started as CFO: rental and corporate service at Barloworld, which had been courting her for quite a while.

18 October 2017

The tech-savvy CFO holds the power

It is vitally important for today’s CFO to be tech-savvy, though they should resist the urge to purchase technology for technology’s sake and instead respond to the needs of the business. This was the advice of Christine Ramon, CFO of AngloGold Ashanti, and Wayne Koonin, CFO of Omnia Holdings and winner of the Finance & Technology Award at this year's CFO Awards, during last week’s Finance Indaba Africa 2017, held at the Sandton Convention Centre.

17 October 2017

Accounting with integrity, Dr Sarah Bux at #findaba17

With stories of corruption and mismanagement rife in South Africa, there is one thing that will keep us afloat in extraordinary times. “Technology is one of the biggest drivers of change,” said Dr Sarah Bux, associate director for South Africa – management accounting at the Chartered Institute of Management Accountants (CIMA), speaking during last week’s Finance Indaba Africa 2017, held at the Sandton Convention Centre.

13 October 2017

Unified cloud computing can boost collaboration, says Oracle

In an age where cloud computing is fast becoming the standard approach to data management, many companies still work in silos, each division having their own ERP system or cloud platform to work from. This presents a risk as it can lead to having duplicated data, which is not only inefficient but can lead to bad decision-making, advised Sarah George, ERP strategy leader for Africa at Oracle and Ronnie Toerien, HR strategy leader for Africa at Oracle, during their session on 13 October 2017 at Finance Indaba Africa.

13 October 2017

To get into the C-Suite, be bold, informed and deliberate, say top CFOs

The road to the C-Suite might not be a straight line or predictable, but for both Illovo Sugar CFO Mohammed Abdool-Samad and Barloworld Equipment Rental CFO Ramasela Ganda, it was a path walked with clear intention. This pair of top CFOs shared their experiences of career progression during an insightful panel discussion themed “Breaking into the C-Suite”, held at Finance Indaba Africa on 13 October 2017.

13 October 2017

SBU: mentoring small businesses is crucial for growth

An initiative that was started to develop entrepreneurs, Shanduka Black Umbrellas (SBU), through its incubator programme, is at the forefront of mentoring black small business owners. Shanduka CFO Nyasha Dzumbunu, speaking on 13 October 2017 at the Finance Indaba Africa, told small business hopefuls that the idea behind the organisation’s three-year incubator programme caters for small businesses that have the potential for sustainability.

13 October 2017

Companies must adapt to the fast pace of change or die, says Yumna Tayob

How do you create a culture of innovation in your organisation, Yumna Tayob, a solutionist with Iconoclast, speaking at Finance Indaba Africa on 13 October 2017 asked the assembled finance professionals? “The first industrial revolution took just over a century, in less than a century the second and third had happened, and now we find ourselves in the fourth. This unprecedented pace of change is driving the fact that innovation is a journey and not a destination, and companies that do not adapt to this are going to die.”

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