Technology for tomorrow

Finance Indaba 2017: Decision Inc is your single-purpose information management partner

"Decision Inc was created with the vision of offering these organisations a single purpose information management business to allow them to make better decisions across multiple divisions and sectors," says Nick Bell, CEO of Decision Inc, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.

The impact of cybercrime on SA companies: are we better or WORSE off?

During the last year, the public became painfully aware of what cybersecurity experts have long been warning us about: That cybercrime is on the rise and that everyone is a potential target. The recent WannaCry and Petya attacks have revealed that hackers have adopted an increasingly financial focus, as they demand ransom (usually in cryptocurrencies like Bitcoin) in exchange for unlocking the affected users’ data. Companies throughout the globe have been affected in the latest attack this June, with South African companies being no exception.

Abu Dhabi launches global FinTech challenge

Abu Dhabi is looking to strengthen its FinTech position with a flurry of initiatives, including a tie-up with Switzerland and an innovation challenge for startups.

Rakesh Parbhoo new CEO of WestconGroup SA

Westcon-Comstor Southern Africa has announced that it has appointed Rakesh Parbhoo as the new CEO of WestconGroup SA. Parbhoo joins the company after an almost two-decades-long tenure at Dimension Data, most recently holding the role of chief information officer for Dimension Data Middle East & Africa.

Bidvest enters the business banking arena

Bidvest’s recent acquisition of First Data Resources South Africa (FDRSA) will catapult it into South Africa’s world of business banking – a market currently dominated by FNB, Nedbank and Standard Bank.

Mukuru joins Finance Indaba 2017

Mukuru has joined Finance Indaba 2017 as a silver partner and will make its debut at the event at the Sandton Convention Centre in October.

Barclays partners with FinTechs to meet African challenges

Barclays Africa Group will collaborate with nine FinTech companies to explore promising new technology-based solutions that could prompt significant improvements for consumers and in bank services.

Life-hacker Martijn Aslander to speak at Finance Indaba 2017

Martijn Aslander is a thought leader, public speaker and executive sparring partner with a unique ability to challenge business leaders and help them to think outside of the box.

Oxford University launches online FinTech programme

Oxford University, one of the world’s most prestigious educational institutions, has launched an online programme to meet the growing demand for a formal FinTech course.

Finance Indaba 2017: Alternative Circle is broadening the financial inclusion spotlight

"We believe that the user is the true source of value in any business, and if you service them well you can grow them and they in turn will grow your business," says Kevin Mutiso, CEO and co-founder of Alternative Circle, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg. Finance professionals and accountants register for the Finance Indaba for free with code FB2017! In the coming weeks and months, we will be chatting to all the Indaba partners, asking them why they are joining the event and what their most important message for finance professionals is. Do you want to hear how Alternative Circle can help with your KYC processes? Do you want to be informed about the latest and greatest in finance? Then don't miss the Finance Indaba Africa 2017. The Finance Indaba is the biggest annual event on the continent for financial managers and specialists who are seeking partnerships to drive progress. Thousands of delegates will gain valuable insights into realising financial performance and growth, becoming more efficient and accessing funding, among a host of other opportunities from leading players in financial services.

ThisIsMe signs up for Finance Indaba 2017

ThisIsMe has joined Finance Indaba 2017 as a silver partner and will make its second showing at the event at the Sandton Convention Centre in October.

Flutterwave raises $10m for African expansion

Nigerian FinTech Flutterwave announced it has secured $10 million in Series B financing. Four investors contributed to the round: Greycroft Partners, Green Visor Capital, Y Combinator, and Glynn Capital Management. Flutterwave, founded by Iyinoluwa Aboyeji, provides technology, infrastructure, and services to enable global merchants, payment service providers, and pan-African banks to accept and process payments via any channel, including web, mobile, ATMs and POS. The company helps businesses in Africa go global by smoothening the exchange of funds in more than 150 currencies. The company revealed that it intends to use the funds to hire talent, build out its global operations, and accelerate its expansion across Africa.

EOH and Powertech System Integrators merger approved

A large merger between EOH Industrial Technologies and certain business of Powertech System Integrators has been approved by the Competition Tribunal, without conditions.

FinTech investment goes through the roof in 2017

FinTech start-ups are set to break funding records in 2017, as record as insurance, wealth management, lending and blockchain-related companies attract unprecedented investment.

Alternative Circle signs up for Finance Indaba 2017

Alternative Circle has joined Finance Indaba 2017 as a silver partner and will make its second showing at the event at the Sandton Convention Centre in October.

Convergence Partners exits Dimension Data investment

Convergence Partners Investments announced this week that it has exited its investment in Dimension Data, a specialist IT services and solutions company.

Qlik Master Reseller signs up for Finance Indaba 2017

Qlik Master Reseller has joined Finance Indaba 2017 as a gold partner and will make its second showing at the event at the Sandton Convention Centre in October.

Total and Worldline sign agreement with African FinTech InTouch

Total and Worldline have signed binding technological, commercial and financing agreements with African FinTech InTouch.

Decision Inc. joins Finance Indaba 2017

Decision Inc. has joined Finance Indaba 2017 as a silver partner and will make its debut at the event at the Sandton Convention Centre in October.

Visa partners with Kenyan FinTech JamboPay

Global payments technology company Visa has partnered with Kenyan online payment gateway JamboPay to enable its merchants to facilitate mVisa Payments.

ACS-Embrace signs up for Finance Indaba 2017

ACS-Embrace has joined Finance Indaba 2017 as a silver partner and will make its debut at the event at the Sandton Convention Centre in October.

Curve expands to London

South African FinTech company Curve Technology Group has expanded to the UK with the opening of a new office in London.

ZAR X signs up for Finance Indaba 2017

ZAR X has joined Finance Indaba 2017 as a gold partner and will make its debut at the event at the Sandton Convention Centre in October.

Tips for CFOs looking to keep abreast of tech advancements

Technology is moving at breakneck pace, with a significant impact on business and the world around us. It is imperative that CFOs have understanding of these rapid change in order to mitigate the risks and maximise the rewards. Here are five tips that can make this process easier, according to CGMA.

Finance Indaba 2017: Use DocFox to simplify compliance procedures

"DocFox provides a single solution - endorsed by global law firm, Norton Rose Fulbright - which gives a FSP of any size the assurance that they will remain compliant with ever-changing legislation, while simultaneously creating a seamless customer experience and reducing operational costs," says Ryan Canin, CEO of DocFox, a gold partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.

FinLeap FinTech incubator raises EURO39m

FinLeap, the startup platform behind Germany's solarisBank, has secured €39 million in equity capital to support its ongoing FinTech incubation programme. Next to the founding shareholder Berlin-based HitFox-Group, new institutional investors include the German insurer Signal Iduna, Japan's SBI Group and Dutch bank NIBC. Hannover Re, the third largest worldwide reinsurer, also raised its stake having participated in the platform's last €21 million raise.

Karabina signs up for Finance Indaba 2017

Karabina has joined Finance Indaba 2017 as a gold partner and will make its debut at the event at the Sandton Convention Centre in October.

FinTech unlikely to replace traditional sector - CFA report

The new FinTech 2017: China, Asia and Beyond Report, released by CFA argues that, while FinTech companies were usually strong at technology and applications, they are mostly inexperienced in financial sector operations and therefore unlikely to completely replace the more conventional sectors of the financial services industry.

Vital for FinTechs to be aware of obligations in event of data breach - Webber Wentzel

The rise of the FinTech industry may herald a significant upheaval to the financial services industry, and significant opportunities (and risks) await those who wish to participate.

ThisIsMe sets Fica registration record

South African FinTech ThisIsMe has set a new African record for the Financial Intelligence Centre Amendment (Fica) process. The process used to take as long as two weeks, but can now be completed in as little as three minutes.

EOH signs up for Finance Indaba 2017

EOH has joined Finance Indaba 2017 as a gold partner and will make its debut at the event at the Sandton Convention Centre in October.

CFO of the Year Till Streichert shares successful ERP implementation tips

In the space of just a few years, Till Streichert, CFO of Vodacom Group and this year's CFO of the Year, turned Vodacom’s finance team into a flourishing intelligence unit. He is a textbook example of a finance executive who used the first 100 days of his tenure to make a swift and decisive impact on his organisation.

SA FinTech Peach Payments brings Alipay to Africa

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, and Alipay announced that they are launching Alipay in South Africa, via leading regional payment service provider (PSP) Peach Payments.

Africa's first FinTech development platform launches

Koncart, a platform that empowers developers and techpreneurs to build their financially driven tech idea with ease, has recently been launched into the African FinTech sector. The platform enables startups to quickly create and manage virtual wallets and transactions with an in depth analysis to your data by leveraging on Koncart’s analytics dashboard.

Finance Indaba 2017: Intellection is the leader in procure to pay improvement

“First and foremost, we have one focus: delivering value with a long-term objective of providing the best service in our industry," says Christo Jacobs, director at Intellection, a gold partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.

Consumer uptake of FinTech services surges - EY

Consumer uptake of innovative FinTech products is set to be embraced by the mainstream as adoption levels surge among digitally-savvy consumers, according to a study by EY. The research, based on 22 000 online interviews with digitally active consumers across 20 markets, shows that the emerging markets are driving much of this adoption with China, India, South Africa, Brazil and Mexico averaging a 46% participation rate.

Naspers' earnings skyrocket

South African tech and media giant Naspers on Friday recorded positive results for the year to March 2017, increasing revenue by 19% year on year to $14.6 billion. Core headline earnings at Naspers rose 41% to $1,8 billion for the year. Positive results from Chinese behemoth Tencent took the edge of its stuttering pay-TV and other e-commerce ventures, with businesses outside SA contributed 80% of revenues, compared to 77% a year ago.

TechPreneur Africa and Abu Dhabi sign FinTech agreement

TechPreneur Africa, which aims to support FinTech firms and entrepreneurs that want to increase financial inclusion and opportunities for growth across Africa, has signed a memorandum of agreement with international financial hub Abu Dhabi Global Market (ADGM).

Six European cities attract 70% of all continental FinTech investments - report

Six European cities attract 70% of all investments in European private FinTech companies.

Multiply Group delves into FinTech

Durban-based investment firm Multiply Group has acquired 35% of newly formed Crossfin Technology Holdings, part of the Capital Eye Investments’ portfolio, which owns stakes in several companies in the FinTech space.

Entersekt receives cash windfall

South African FinTech Entersekt has received a multi-million-dollar cash boost to fund its global expansion.

DocFox joins Finance Indaba 2017

DocFox has joined Finance Indaba 2017 as a gold partner and will make its debut at the event at the Sandton Convention Centre in October.

London remains global FinTech powerhouse

London remains the powerhouse of global FinTech, despite concerns over Brexit and the upcoming UK elections. Some 31 London-based FinTech firms are featured in the annual Fintech50 report, which lists the best startups in the space as decided by industry leaders including Microsoft and Samsung. The number has increased from 29 in 2016 and the list includes seven more London-based startups than it did in 2015.

Naspers pours $80m into Indian platform

Naspers, a global internet and entertainment group and one of the largest technology investors in the world, today announced that it led an $80 million Series E investment in India-based Swiggy, an online food ordering and delivery platform in India. Ashutosh Sharma, head of investments in India for Naspers, will join the Swiggy board. The investment will help to bolster Swiggy’s growth plans and demonstrates Naspers commitment to help Swiggy become the undisputed leader in food ordering and delivery across India.

Beware the FinTech hype - Accenture report

Did someone cancel the FinTech revolution or has it just been delayed? That's the question posed by a new report on the UK scene, which argues that new entrants have failed to lure customers from incumbents and that VC money has started to dry up. Over the last few years, the FinTech hype machine has been in overdrive, with a digital revolution promising to change market structure, radically improve products and services, and save the high street veterans from sliding into invisible utilities.

Entersekt clinches second banking award

South African FinTech company, Entersekt has won the Judges' Choice: Best Technology Provider at the fourth Banker Africa East Africa Awards held recently at a gala dinner in Nairobi. In April, the firm won the award for Best Mobile Security Technology in the 2017 Banker Africa Southern Africa Banking Awards for the second year in a row.

Naspers invests $5m in Filipino FinTech Coins

South African media and e-commerce giant Naspers has continued its expansion into the FinTech and cryptocurrency space by putting $5 million behind Philippines-based startup Coins.ph. The investment was facilitated by Naspers’ Ventures division.

Meet Wayne Koonin (Omnia), winner of the Finance & Technology Award

Wayne Koonin, CFO of Omnia, led a strategy to implement a new, company-wide ERP system and IT platform as a basis for taking the business to a new level. For this, Wayne won the Finance & Technology Award at the recent CFO Awards, held on 11 May at Summer Place in Johannesburg.

FinTech unicorn Transferwise hits the black

FinTech unicorn Transferwise says the company has reached operational profitability six years after launch. The London-based currency exchange startup says it is currently amassing £8 million a month in revenue and is on target to reach £100 million for the year.

SA FinTech Synthesis acquired for R132m

JSE-listed speciality finance company Capital Appreciation has acquired FinTech firm Synthesis for R132,1 million.

"Bankers of the future will be developers, designers and risk modelling people," says N26 CEO, Valentin Stalf

Banking is like Formula One, says Valentin Stalf, co-founder and CEO of mobile bank N26. This observation came a day after Valentin returned from the famous Monza race track north of Milan in Italy, where N26 was invited as the Fast Companies Series partner by British Formula One racing team, Manor Racing. “Of course, it was very cool to see our logo there, but when you are on the grid and in the pit lane, you also realise Formula 1 is a big myth,” he says. “Just like banking, people think it is really complex. When you get closer to the action, you realise it is a group of normal people working on cars. We have debunked the myth that banking is very complex.” We chatted to Valentin about the practical steps an entrepreneur needs to take to turn a brilliant idea into a thriving business.

School payments startup Karri partners with Nedbank

Local mobile payments startup Karri has partnered with Nedbank for the launch of its app, which facilitates payments for school activities and events.

Internet Solutions' acquisition of Mweb to go ahead

The Competition Commission has recommended to the Competition Tribunal that the acquisition of MWEB by Internet Solutions – a subsidiary of Dimension Data – be allowed to proceed. The deal was first announced on 2 December 2016.

KPMG acquires FinTech platform

KPMG has acquired global FinTech innovation platform Matchi, which connects traditional financial institutions with technology solution providers. The platform includes more than 700 curated FinTech solutions and a database of more than 2 500 FinTech companies.

KPMG acquires global FinTech platform, Matchi

KPMG has acquired Matchi, a leading global FinTech innovation and matchmaking platform that connects financial institutions, including banks and insurance companies, with leading-edge financial services technology solutions and companies worldwide. The Matchi platform includes more than 700 curated FinTech solutions and a database of more than 2,500 FinTech companies .

Barclays opens Europe's largest FinTech site

Barclays has opened an innovation centre in London's hipster capital Shoreditch housing internal banking and technology teams alongside more than 40 FinTech startups. The bank says its new site is Europe's largest co-working space dedicated to FinTech and will play host to more than 200 hours of learning, workshops, hackathons and networking on a monthly basis.

Cash-flush Apple posts disappointing earnings

Apple has announced financial results for its fiscal 2017 second quarter ended April 1, 2017. The tech behemoth posted quarterly revenues of $52,9 billion, falling below market expectations, and quarterly earnings per diluted share of $2,10. These results compare to revenues of $50,6 billion and earnings per diluted share of $1,90 in the year-ago quarter. International sales accounted for 65 percent of the quarter’s revenue. iPhone shipments disappointed, with Apple stocks falling by as much as two percent in active after-hours trading.

Former British minister delivers FinTech boost to African farmers

Former UK government minister Mark Simmonds (pictured) has teamed up with FinTech veteran Hirander Misra on a venture that aims to help African smallholder farmers boost their earnings by connecting them with local commodity exchanges. The Financial and Commodities Ecosystem (FinComEco) says it wants to improve food security, economic diversity and financial inclusion by connecting farmers with exchanges, financial infrastructure and national economies.

World Bank launches African digital entrepreneurship programme

The World Bank has launched an accelerator for African digital entrepreneurs. The five-month long XL Africa – which includes a two-week residency in Cape Town and the Venture Showcase pitching event – is backed Finland, Norway, and Sweden, XL Africa. Participants will be mentored global and local experts through a tailor-made curriculum, increase their regional visibility, and receive access to potential corporate partners and investors.

Banking must adapt to be future-fit, says futurist Keith Coats

In order to meet the demands embedded in the future, banking will need to adapt. It will need to change the way things are done and bring the delivery closer to the rhetoric. In short, banks will need to rethink their traditional business models completely. Futurist Keith Coats, director at TomorrowToday Global, says it is time for banks to face their demons. Keith sheds light on the top three challenges banks are facing that will determine their future.

First African FinTech accelerator launched in Cape Town

Startupbootcamp has launched its new Cape Town-based FinTech accelerator. This global industry-focused accelerator group has 18 programmes across 13 countries and has seen value in now setting up a footprint in Africa.

CFOs should be on top of tech, says Graham Shapiro

Today’s world requires innovation to remain competitive, and with the changing nature of consumers, businesses cannot afford to be on the wrong side of technology. CFOs need to be on top of tech.

Nasdaq launches global FinTech investment programme

Nasdaq, one of the world's leading providers of technology and services to the capital markets, has announced the launch of a venture investment programme, Nasdaq Ventures, dedicated to discovering, investing in and partnering with unique FinTech companies worldwide. The programme's main objective is to identify and collaborate on new technologies and groundbreaking services and solutions which align with Nasdaq's clients' needs and the company's long-term objectives in the global capital markets.

FinTech Academy Africa kicks off 24 & 25 April

The internationally successful FinTech Academy kicks off in South Africa at The FinTech Academy Africa on 24 and 25 April 2017 at the Duke Corporate Education Leadership campus, Bryanston, Gauteng.

London, Singapore remain top FinTech hubs

FinTech has become a truly global phenomenon, with hubs popping up in cities around the world, although established players such as London and Singapore continue to be the top centres, according to a report by Deloitte. The study is the second output of the Global FinTech Hubs Federation, an initiative by Swift's innovation arm Innotribe and the UK's Innovate Finance to create a cross-border and open platform that brings established and emerging hubs together.

M-Pesa pioneer Michael Joseph joins MFS Africa

Pan-African FinTech firm MFS Africa has announced that Michael Joseph (pictured) has joined its board as an independent non-executive director. Michael served as CEO of Safaricom in Kenya from 2000 to 2010, and is widely credited with spearheading M-Pesa, the world’s most successful mobile money service.

SA's Entersekt lands banking security award

Stellenbosch-based FinTech Entersekt has scooped the Best Mobile Security Technology going in the Banker Africa Southern Africa Banking Awards for the second time.

Keyrus joins Finance Indaba 2017

Digital and data solution provider Keyrus has joined Finance Indaba 2017 as a silver partner and will make its debut at the event at the Sandton Convention Centre in October.

OfferZen, Standard Bank to introduce programmable bank account

Root, an OfferZen initiative, and Standard Bank have teamed up to launch a lightweight bank account, which comes with a programmable credit card, online banking interface, mobile app, and APIs.

Voice IT wins African FinTech hackathon

FinTech startup Voice IT took the honours at the Africa Fintech Foundry (AFF) 48-hour Recode Nigeria hackathon, sponsored by Access Bank, winning N1,5 million cash, as well as a year's access to the IBM Bluemix artificial intelligence platform and the Microsoft BizSpark developer toolkit.

MENA FinTech challenge open to North Africa

North African startups are eligible for the SANAD Fincluders Startup Challenge in Amman, Jordan, on 3-4 May 2017 and its $15 000 cash prize. The challenge, which also includes Middle Eastern startups, aims to find innovative SMEs focusing on financial inclusion and follows the Arab Day dedicated to increasing access to financial services.

FinTech Academy set for April launch

The FinTech Academy Africa, a collaboration between FinTech Circle and the Cape Innovation and Technology Initiative (CiTi), is set to launch in SA on 24 and 25 April, in Johannesburg.

22seven's Christo Davel signs off

Founder of personal management website 22seven Christo Davel has resigned, citing an Old Mutual decision to change strategy. 22seven was acquired by Old Mutual in 2013.

Why artificial intelligence won't spell the end for accountants

Accountants across the globe, like their colleagues in many other professions, may feel a tad insecure at the moment, as disruptive technologies and automation continue to make disciplines obsolete and shape the way we work. These technologies are no longer confined to manufacturing, but are beginning to redefine the knowledge economy as well. Machine learning, mobile and automated workflow solutions are having a huge transformative effect on the accounting landscape.

Mena region set for FinTech boom

The Middle East and North Africa (Mena) is set to experience a boom in fintech innovation over the next three years, propelled by a large unbanked population, VC inflows and the rapid emergence of a host of new startups, according to a state of the nation report prepared by local payment services outfit Payfort and entrepreneurial platform Wamda. According to the report, the number of startups in Mena’s FinTech ecosystem doubled from 46 to 105 over the three years 2013 to 2015 and the region could see a total of 250 FinTech startups launch by the year 2020.

EOH revenue up 21% to R7.2 billion

JSE-listed technology services company EOH has posted very good results, with headline earnings per share rising by 22 percent, and revenue that improved by 21 percent to R7.2 billion in the six months to 31 January 2016. Moreover, operating profit margins improved despite tough economic conditions, with profit before tax up by 26 percent to R845 million.

SA's first online credit facility: WATCH Mobicred CEO Geraldine Anderson at #afta16 #findaba16

Mobicred is a simple and convenient credit facility that allows you to safely shop online with participating retailers. It charges interest rates comparable to those of credit card providers and only levies monthly fees while the account is used. When a buyer – who first undergoes a simple online registration process with Mobicred – pays using the facility, the seller will immediately receive the full amount, without the risk of payment reversals.

Towards a cashless society: FinTech Africa event

Financial inclusion, APIs, India, sentient fridges and blockchain technologies were all on the agenda as some of the continent’s leading FinTech visionaries applied their minds to the hot topic of the future of payments in the first FinTech Africa event of the year, held at Rand Merchant Bank’s Merchant Place campus in Sandton, Johannesburg, on Tuesday.

Africa's first cash economy research platform

Global mobile research platform mSurvey, a global mobile-first research platform and Kenyan communications agency Safaricom have launched Consumer Wallet, a platform that quantifies offline consumer spending habits and trends.

Mama Money continues African expansion

FinTech startup Mama Money has announced the expansion of its money transfer service into Nigeria, Ghana and Tanzania.

Simplifying online payments: WATCH Cubebucks CEO Jan MacKay at #afta16 #findaba16

Cubebucks is a virtual currency developed on blockchain technology that fixes the value of the qb digital currency to value in your local market against the price fix of gold on the London Metal Exchange against the dollar. The FinTech firm seeks to balance accounts in a combination of bank currencies, Bitcoin and gold reserves, that will secure the exchange ability of Cubebucks for Bitcoin or Vanilla currency value.

World-first FinTech fund targets financial inclusion

Three billion people around the world are underserved by the financial sector, with limited or no access to quality savings, credit, insurance, and payments.

Innovation is in RMB's DNA - The Foundery's Liesl McKay-Bebb

Liesl McKay-Bebb heads up RMB's The Foundery, which was launched to create a space for innovation & disruption in the Fintech space and is the host of CFO SA's Future of Payments event on 14 March. We spoke to her about her work and how she sees the local FinTech space.

Bringing science to FinTech: WATCH I Know First's Dmitry Neginsky at #afta16 #findaba16

I Know First brings science and math to the financial world by providing daily investment forecasts based on an advanced self-learning algorithm. Developed by CTO and PhD-holder Lipa Roitman, the algorithm utilises artificial intelligence and machine learning techniques through which I Know First is able to analyse, model and predict the stock market.

Mauritius is an ideal FinTech location - Inter Pay Tech's Mark O' Sullivan

Mauritius-based payment solutions provider Inter Payments Tech will be one of the FinTechs pitching at the FinTech Africa Future of Payments event in Sandton, Johannesburg, on 14 March. Topics of discussion relevant to the exciting and expanding space on the evening will include the the death of credit cards and systems enabling digital currencies. We spoke to founder and CEO Mark O’ Sullivan to find out more about the company’s activities and involvement in the event.

FinTech roadshow on the way

Accelerator Sw7, in partnership with the law firm Webber Wentzel, is set to launch its FinTech Innovation Africa roadshow in Cape Town and Johannesburg next week. FinTech specialists will be making presentations at various events at the Webber Wentzel offices in Cape Town and the SW7 workplace in Rivonia, Johannesburg.

FinTechs to disrupt Nigeria's retail banking - PwC

Nigeria’s retail banking and payments sectors will be most disrupted by FinTech solutions, according to the PwC Nigeria FinTech Survey 2017.

SA startups crack FinTech 100 list

South African-based mobile payment providers FinTechs Zoona and Wealth Migrate have placed in KPMG and H2 Ventures’s FinTech 100 for 2016 list of the most influential startups in the space.

FinTech goes beyond digital banking - MyBucks CEO Dave van Niekerk

CEO of Frankfurt-listed FinTech MyBucks Dave van Niekerk believes that both businesses and consumers do not fully recognise the the transformative power of technology.

Easy Equities launches SA Champions portfolio

Online investment platform Easy Equities, the overall winner of the African FinTech Awards in 2016, has launched the BizNews SA Champions portfolio. With innovative CEO Charles Savage (pictured) at the helm, the award-winning platform allows investors to buy fractional shares in leading companies simply and cheaply.

5 employee KPI pitfalls

It may not seem like it at first glance, but properly thought-out Key Performance Indicators (KPIs) can be the difference between success and failure for your team and organisation over the long run.

Reserve Bank considers digital currency

The South African Reserve Bank has not precluded the possibility of issuing a national digital currency, which would likely harness Blockchain or Distributed Ledger Technology, according to a Moneyweb report.

Innotribe FinTech challenge open for applications

Financial messaging service provider SWIFT Innotribe's Startup Challenge for Africa is open for applications. For the third year running, the Challenge will be part of SWIFT’s African Regional Conference (ARC) held in Abidjan, Ivory Coast, from 16-18 May 2017. ARC brings together policy-makers, industry leaders and the broader financial community from across the African continent. Typically attracting up to 500 delegates from around 40 countries, ARC is a unique forum for networking, education, discussion and debate and a great platform for FinTech startups to connect with the financial sector.

Ecobank launches African FinTech challenge

Pan-African banking conglomerate Ecobank, which boasts operations in 36 countries on the continent, has launched a FinTech challenge for African startups. The Ecobank FinTech Challenge provides selected startups with tailored mentorship from leading industry experts, funding of up to $500 000, a partnership with the multinational, and access to Africa’s biggest banking ecosystem, maximising exposure across the continent. The winner will also showcase their idea at Ecobank’s Innovation Fair.

Croatian FinTech Oradian expands to South Africa

One of Europe’s leading FinTech startups, Oradian, is set to open a branch in South Africa to foster entrepreneurial development in the region. It also has plans to expand throughout Africa.

Dubai to support African FinTech

The Dubai International Financial Centre (DIFC) and professional services firm Accenture are set to launch a fintech accelerator that will support startups from Africa, Asia and the Middle East.

African FinTechs garnered most investment in 2016

African FinTechs received the lion’s share of the $129 million invested in 146 of the continent’s tech startups in 2016, accounting for a combined $31,4 million, according to Disrupt Africa’s African Tech Startups Funding Report. It was followed by the agricultural sector.

Adapt to win: WATCH life-hacker Martijn Aslander at #findaba16

Renowned futurist and life-hacker Martijn Aslander is not one to mince his words or confront his audiences with sometimes brutal truths. He has earned a reputation for being one of the world's foremost thinkers on the age of disruption. For Martijn, it is no longer about what you own or what you know, but about your attitude and your ability to adapt.

Peach Payments introduces secure payment option

Small business owners that don’t sell their goods or services online can now offer an online payment option to make payments much easier for their clients.

London and Brussels build FinTech bridge

While other major European capitals play to Brexit fears in a bid to steal the UK's leading FinTech hub status, Belgium is taking a different approach by seeking to build a mutually supportive bridge between startups across both jurisdictions. A delegation led by Belgian finance minister Johan van Overtveldt recently crossed the channel to initiate talks with UK FinTech agency Innovate Finance on the establishment of a collaboration between the two communities and to announce the launch of a new Brussels-based hub to support financial technology startups.

Blockchain will surprise you: WATCH BankyMoon CEO Lorien Gamaroff at #afta16 #findaba16

"There is a lot of hyperbole about blockchain right now: blockchain will change everything and become the beating heart of finance. Finance is a big thing for blockchain. Banks have a lot of interest in the potential for cross-border remittances, for instance. There are many other applications. Blockchain can replace letters of credit and be used for smart contracts. I think it is going to create new business models and surprise us," says BankyMoon CEO Lorien Gamaroff.

OPIC pledges $5 million towards emerging market investments

The Overseas Private Investment Corporation (OPIC), the US Government’s Development Finance Institution has announced the financing of up to $5 million to support Unreasonable Capital Fund I. Unreasonable Capital is a venture capital firm that invests in scalable and profitable companies working to address social and environmental issues that improve the lives of people living in underserved communities across Latin America, India, Asia and Africa.

Nigeria set to become FinTech hub

Nigeria’s FinTech space is growing from strength to strength and the West African nation is well on its way to becoming a hub on the continent, if developments over the past few years are anything to go by.

5 signs that you are CFO material

There is only one CFO position in a company and as such, it is a coveted spot, with many financial executives vying to make the shortlist. How do you know if you are CFO material and if there is anything that will stand against you when it comes to the final reckoning? Here are five sure-fire signs that you can do the business.

Cactus completes fintech investments

Business advisory firm Cactus Advisors has closed its second and third investments of CY 2016 into African fintech startups Flutterwave and E-Factor.

Nigeria to host CashlessAfrica Expo

Cashless Africa will address the future of finance at the Lagos Oriental Hotel, Nigeria, from 22 - 23 March.

The future of banking is now: WATCH FNB CIO Peter Alkema at #afta16 #findaba16

FNB has long been lauded as the most progressive of South Africa's big four banks and it has received global recognition of its innovative and digitisation initiatives. The bank added another award to its bulging trophy cabinet at the African FinTech Awards at the Finance Indaba Africa 2016 in October, beating Absa and Standard Bank to the honours in the Incumbent Bank category. But while FNB may have enjoyed much success over the past few years, according to CIO Peter Alkema, it is certainly not resting on its laurels.

Egyptian startups receive £1m boost

The British Embassy in Cairo is pumping a million pounds into the thriving Egyptian tech landscape in a show of support for the North African nation's entrepreneurs.

Boloro launches debit authentication system in SA

Boloro, a New York-based technology company known for its globally patented, multifactor mobile authentication technology and mobile payment platform, has launched the first in a series of new, global products in South Africa to help eliminate fraud.

On-demand alcohol delivery app receives R500k investment

On-demand alcohol delivery app Bottles has successfully navigated the stringent demands of popular reality series Shark Tank SA and emerged with investment of R500 000, after The Creative Council co-CEO Gil Oved bought a 10% stake in the business.

Paystack earns $1,3m in seed funding

Y-Combinator-backed Nigerian fintech Paystack has closed on $1.3-million in seed funding from the likes of Tencent, Comcast Ventures and M&S Partners.

Uber's Ebi Atawodi: "Collaboration in the African tech space is practically impossible`

Africa is a continent of over one billion people, 54 countries, vast land mass and a multitude of languages, customs and cultures. Panelists at the Africa Technology Summit held in Lagos, Nigeria, by the Meltwater Entrepreneurial School of Technology earlier this month agreed that Africa's diverse markets and the need to adapt to individual circumstances remain a stern challenge for tech startups looking to expand across the continent.

Towards global wealth creation: WATCH Wealth Migrate's Scott Picken at #afta16 #findaba16

While many startups have the long-term aim of going global, real estate investment firm Wealth Migrate already boasts a presence on five continents with investors in 84 cities on its globally compliant platform. At the African FinTech Awards at the Finance Indaba Africa 2016 in October, Wealth Migrate CEO Scott Picken explained how his company aimed to solve one of the world's most pressing challenges: bridging the global wealth gap. While 49% of the world's wealth is held in real estate, only 12,9% actually have access to property and less than 1% retire wealthy, according to Scott.

Visa aims to boost African fintech

Visa, in partnership with Hong Kong-based venture capital firm and incubator Nest, to run a four-day fintech bootcamp in Nairobi, Kenya, for innovative startups in Africa.

Standard snaps up stake in Firepay

Big Four financial institution Standard Bank has bought a majority stake in Firepay, which produced the SnapScan quick payment app in partnership with the bank in 2014. SnapScan, which allows users to make payments from their mobile device by scanning a QR code, now has more 32 000 physical and online merchants onboard.

Driving change in the public sector: ACCA report

The level of economic growth is the number one driver of change in the public sector, according to the latest report in the Association of Certified Chartered Accountants’ (ACCA) Professional Accountants: The Future series.

Finance Indaba 2017: Purple Group eager to build on success

“We have a completely different approach to financial services. We take what we do seriously, but not ourselves, so we have a lot of fun with our customers. Despite the fact that investment is a very serious discussion, it doesn’t need to be a boring and staid experience," says Charles Savage, CEO of Purple Group, a gold partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.

Bridging the agricultural funding gap: WATCH FarmDrive's Mary Joseph at #afta16 #findaba16

$200 million ploughed into Nigerian FinTech

According to global financial services giant KPMG, more than $200 million has flowed into the Nigerian FinTech space over the past two years. It called on the Nigerian government to take the initiative to further increase investment by proving incentives and a welcoming regulatory ecosystem at a summit entitled The FinTech Disruption – Understanding the Value Proposition at the Eko Hotel and Suites in Lagos.

Merchant West awarded AAA rating, lists bonds on JSE

Merchant West, an authorised financial services provider specialising in business finance and advisory services, has been awarded a AAA rating by the leading international rating agency, Standard & Poors. This is the highest credit rating that can be afforded to a company, country or structured finance transaction. In light of this, Merchant West can now officially list its bonds on the JSE.