Technology for tomorrow
Are you a tech evangelist? From developing a coherent and workable strategy, knowing how data and analytics will drive finance forward and learning to anticipate the disruptive technologies which may challenge your business models, tech savvy CFO are on the frontfoot.
06 July 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. 05 July 2017 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. 04 July 2017 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. 30 June 2017 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. 29 June 2017 “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. 28 June 2017 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. 26 June 2017 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. 23 June 2017 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). 20 June 2017 Six European cities attract 70% of all investments in European private FinTech companies. 16 June 2017 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. 14 June 2017 South African FinTech Entersekt has received a multi-million-dollar cash boost to fund its global expansion. 13 June 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. 09 June 2017 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. 06 June 2017 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. 02 June 2017 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. 30 May 2017 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. 26 May 2017 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. 23 May 2017 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. 23 May 2017 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. 19 May 2017 JSE-listed speciality finance company Capital Appreciation has acquired FinTech firm Synthesis for R132,1 million. 17 May 2017 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. 16 May 2017 Local mobile payments startup Karri has partnered with Nedbank for the launch of its app, which facilitates payments for school activities and events. 13 May 2017 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. 12 May 2017 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. 10 May 2017 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 . 05 May 2017 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. 03 May 2017 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. 02 May 2017 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. 28 April 2017 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. 26 April 2017 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. 25 April 2017 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. 24 April 2017 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. 21 April 2017 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. 20 April 2017 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. 18 April 2017 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. 14 April 2017 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. 11 April 2017 Stellenbosch-based FinTech Entersekt has scooped the Best Mobile Security Technology going in the Banker Africa Southern Africa Banking Awards for the second time. 10 April 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. 07 April 2017 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. 04 April 2017 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. 31 March 2017 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. 28 March 2017 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. 24 March 2017 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. 23 March 2017 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. 21 March 2017 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. 19 March 2017 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. 16 March 2017 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. 15 March 2017 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. 14 March 2017 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. 10 March 2017 FinTech startup Mama Money has announced the expansion of its money transfer service into Nigeria, Ghana and Tanzania. 09 March 2017 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. 07 March 2017 Three billion people around the world are underserved by the financial sector, with limited or no access to quality savings, credit, insurance, and payments. 03 March 2017 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. 02 March 2017 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. 28 February 2017 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. 24 February 2017 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. 21 February 2017 Nigeria’s retail banking and payments sectors will be most disrupted by FinTech solutions, according to the PwC Nigeria FinTech Survey 2017. 17 February 2017 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. 14 February 2017 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. 10 February 2017 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. 08 February 2017 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. 07 February 2017 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. 03 February 2017 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. 31 January 2017 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. 27 January 2017 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. 24 January 2017 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. 20 January 2017 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. 19 January 2017 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. 17 January 2017 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. 13 January 2017 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. 12 January 2017 "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. 10 January 2017 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. 06 January 2017 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. 06 January 2017 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. 03 January 2017 Business advisory firm Cactus Advisors has closed its second and third investments of CY 2016 into African fintech startups Flutterwave and E-Factor. 02 January 2017 Cashless Africa will address the future of finance at the Lagos Oriental Hotel, Nigeria, from 22 - 23 March. 29 December 2016 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. 28 December 2016 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. 27 December 2016 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. 26 December 2016 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. 24 December 2016 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. 20 December 2016 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. 15 December 2016 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. 14 December 2016 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. 13 December 2016 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. 12 December 2016 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. 07 December 2016 “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. 02 December 2016 29 November 2016 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. 28 November 2016 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. 26 November 2016 After just two years of development, online savings platform ADDaBIT has managed to attract the interest of financial services behemoth Sanlam. The basic premise is that users choose what they want for their children – education, gifts, etc – and ask friends and family to contribute whenever they are able. There are no penalties, monthly fees or minimum payments, and users earn a competitive rate of return on their investment. 24 November 2016 Africa has a huge untapped potential for solar power generation and initiatives that electrify businesses and impoverished communities could help the continent meet its economic development goals. At the African FinTech Awards at the Finance Indaba Africa 2016 in October, The Sun Exchange CCO Morwesi Ramonyai talked about the revolutionary bitcoin-based investment scheme that is filling the gap between large-scale solar farms and solar-powered lamps and other items. 19 November 2016 Fintech Circle Innovate, a London-based fintech accelerator, has joined forces with the well-established Cape Innovation and Technology Initiative to stimulate growth in the local sector as well as fintech development in the rest of Africa. 15 November 2016 Donald Trump’s shock victory in the US elections has sent shockwaves around the world, causing volatility in many key markets. FinTech is not immune to the effects of the Republican candidate’s ascent to power and commentators believe there are choppy waters ahead for US firms. 14 November 2016 Johannesburg-based AdvanceNet has signed up as a partner to the Finance Indaba 2017. Launched in 1987, AdvanceNet offers sophisticated business solutions in more than 30 African countries across a number of industries, including mining, financial services, telecommunications, logistics and the public sector. 09 November 2016 The historical victory of Donald Trump in the US elections has taken the world by surprise. In the next few days, weeks, months and years there will be countless analysis, debates and studies to explain why hardly anyone saw it coming. CFO South Africa Editor in Chief Joël Roerig doesn't want to wait that long and has listed six important lessons South African CFOs should learn from the property baron, tv-star and president-elect. 02 November 2016 Purple Group has become the first gold partner to join Finance Indaba 2017, after a successful showing at this year’s event. Headed by CEO Charles Savage, the group offers accessible investing and trading solutions for the man on the street, from fully managed investment solutions to DIY trading and investment platforms. 28 October 2016 The biggest failure in business is that failure itself is not accepted and it is something to be shunned upon said Easy Equities CEO Charles Savage. Teach your staff to accept failure, said Charles during an inspirational session at the Finance Indaba Africa on 13 October 2016. 26 October 2016 What is the cost of not knowing? Perhaps that is the most important question in business today. 25 October 2016 In a Volatile Uncertain Complex and Ambiguous (VUCA) world, management accountants are expected to provide better support for decision-making, performance management and ongoing ‘insight’, in the form of financial and non-financial data. According to a latest CGMA research, ‘Business analytics and decision making – The human dimension’, analytics has little to do with technology. It is people, not technology, who give data meaning. While there may be technical issues to address, such as getting access to data, combining data sets or integrating financial data with data generated from social media or ‘connected things’, no analytical tool can do more than augment or complement what is a cognitive and sometimes social process. Generating insight is an inherently human trait. Thus, business intelligence resides not in the data warehouse but in the minds of people. 21 October 2016 It is estimated that 330 million adult Africans lack access to basic financial services. In the face of an outstanding opportunity, an ecosystem of FinTech startups providing payments and money transfer solutions have grown to transform a cash-heavy payments industry on the continent. 19 October 2016 Thomson Reuters has launched its newest Data and Innovation Lab, located in Cape Town. The lab will see Thomson Reuters engage with the region’s vibrant innovation ecosystem and dynamic start-up community. The Labs have two primary objectives: innovation and partnership. Innovation will come through driving creative conversations with customers and partners through open events and rapid prototyping, while partnership involves collaboration and co-creation with startups and other partners to put new technology and business models into practice. Mona Vernon (pictured), vice president of Thomson Reuters Labs, said: 18 October 2016 We’ll never again have economic growth like we have known before, says Martijn Aslander. And that’s okay... 14 October 2016 “One ERP is not about creating a utopia, but using technology to create an illusion of a single interface for things like cash and shared service centre management. Robotics is fantastic – we have a lab in Germany dedicated to playing around with – but most robots today only fix things that are broken.” 13 October 2016 Easy Equities is the overall winner of the 2016 African FinTech Awards at the Finance Indaba Africa at the Sandton Convention Centre in Johannesburg on 13 October 2016. 13 October 2016 Cube Bucks, The Sun Exchange and Bankymoon went head to head in the hotly contested Blockchain & Bitcoin category of the 2016 African FinTech Awards at the Finance Indaba Africa at Sandton Convention Centre in Johannesburg on 13 October 2016. 13 October 2016 Servicing the millions of unbanked citizens of Africa and bringing them into the mainstream economy through FinTech innovations – the mission of many startups – can thwart poverty and other social ills, as well as enable the continent to compete on a level footing with the rest of the world. This was the core message coming out of the opening discussion of the African FinTech Awards at the 2016 Finance Indaba Africa at the Sandton Convention Centre in Johannesburg on 13 October 2016. 12 October 2016 "We understand the world of fintech through our mobile expertise and having launched a financial services product in a regulated environment," says Ahmed Cassim, Chief Commercial Officer of Hello Group, a gold partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg. 12 October 2016 "FinTech is completely revolutionising the speed, the scale and the cost of getting services to the people. This is transformational for Africa – and it is this transformation that drives Cellulant to continue realising this for millions of consumers and thousands of businesses," says Ken Njoroge, Group CEO of Cellulant, a silver partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg. 11 October 2016 "A single platform can become the main source of information for all digital channels, not only enabling banks and other financial institutions to offer their clients an engaging experience, but also solving simple problems related to the integration of data and reducing infrastructure costs," says Jakub Piotrowski, CRO and Head of Customer Engagement at Meniga, a silver partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg. 11 October 2016 The Finance Indaba Africa 2016 is almost upon us and it is time to start looking at what exactly lies ahead at the Sandton Convention Centre on 13 and 14 October 2016. Every day until the event, we will shine a light on the parts of the amazing programme. Today: The Future of FinTech, an exhilarating programme on 13 October 2016. 09 October 2016 The Finance Indaba Africa 2016 is almost upon us and it is time to start looking at what exactly lies ahead at the Sandton Convention Centre on 13 and 14 October 2016. Every day until the event, we will shine a light on the parts of the amazing programme. Today: Finance leading with data and insight, a two-day programme opening up the world of analytics and technology. 09 October 2016 Which three forex developments will be most significant for SA businesses between now and 2020? And Which import and export trends should CFOs be aware of? Those are some of the questions we are asking Herman Bezuidenhout, CEO at trade and forex company BeztForex, a silver partner at the Finance Indaba Africa 2016. 08 October 2016 "Cryptocurrency and 'click once' authenticated payments will be prominent in the future," says Thomas Pays, CEO of iPay, a simple, real-time EFT payment solution, that allows consumers to make secure, instant payments directly into a merchant’s bank account. 07 October 2016 "CFOs have to have a deep understanding of these models and be creative around the understanding of the financial implications of the benefits and the risks to their businesses going forward," says Lenore Kerrigan, Country Sales Director for Sub-Saharan Africa at OpenText, a gold partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg. 06 October 2016 The Finance Indaba Africa is THE place where finance professionals can get to grips with the latest and greatest technologies around. Besides well-established brands like SAP, Oracle and IBM, there is also space for a number of exciting, highly specialised companies. One of those is silver partner Larc AI. We spoke to Jannie Strydom, CEO of Larc AI about his message for finance teams. 05 October 2016 The Finance Indaba Africa 2016 is almost upon us and it is time to start looking at what exactly lies ahead at the Sandton Convention Centre on 13 and 14 October 2016. Every day until the event, we will shine a light on the parts of the amazing programme. Today: Smart Finance, Smart Business a two-day programme about the power of technology. 04 October 2016 "The Finance Indaba is an ideal platform for Linxus to engage with key decision makers by demonstrating the value we can add to any business through our software products," says Russell Glover, managing director at Linxus, a a gold partner at the Finance Indaba next week. We spoke to him exclusively. Why is Linxus present at the Indaba? "Linxus is a Software Solutions business that specialises in the building and implementing solutions that drive operational efficiencies, reduce cost and mitigate risk. Our focus is on delivering appropriate and responsible solutions that are developed and implemented rapidly thereby addressing current business needs in a time frame that enables businesses to grow and or reduce cost, ultimately driving profitability in your business." 04 October 2016 Connect Africa Payments is a B2B technology solution, connecting various payment networks. Members of the hub are able to facilitate cross-network transfers. The Kenya-based FinTech company is a silver partner at the Finance Indaba Africa. We asked Caroline Cherotich to tell us a bit more. 01 October 2016 With well 30,000 people voting and an elite panel of 40 judges helping to determine the eventual winners, the African FinTech Awards 2016 (#AFTA16) are shaping up to be a “mind-blowing success”, to quote the man behind the awards, Alex van Groningen.EOH signs up for Finance Indaba 2017
CFO of the Year Till Streichert shares successful ERP implementation tips
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TechPreneur Africa and Abu Dhabi sign FinTech agreement
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M-Pesa pioneer Michael Joseph joins MFS Africa
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Keyrus joins Finance Indaba 2017
OfferZen, Standard Bank to introduce programmable bank account
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MENA FinTech challenge open to North Africa
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World-first FinTech fund targets financial inclusion
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Bringing science to FinTech: WATCH I Know First's Dmitry Neginsky at #afta16 #findaba16
Mauritius is an ideal FinTech location - Inter Pay Tech's Mark O' Sullivan
FinTech roadshow on the way
FinTechs to disrupt Nigeria's retail banking - PwC
SA startups crack FinTech 100 list
FinTech goes beyond digital banking - MyBucks CEO Dave van Niekerk
Easy Equities launches SA Champions portfolio
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Reserve Bank considers digital currency
Innotribe FinTech challenge open for applications
Ecobank launches African FinTech challenge
Croatian FinTech Oradian expands to South Africa
Dubai to support African FinTech
African FinTechs garnered most investment in 2016
Adapt to win: WATCH life-hacker Martijn Aslander at #findaba16
Peach Payments introduces secure payment option
London and Brussels build FinTech bridge
Blockchain will surprise you: WATCH BankyMoon CEO Lorien Gamaroff at #afta16 #findaba16
OPIC pledges $5 million towards emerging market investments
5 signs that you are CFO material
Nigeria set to become FinTech hub
Cactus completes fintech investments
Nigeria to host CashlessAfrica Expo
The future of banking is now: WATCH FNB CIO Peter Alkema at #afta16 #findaba16
Egyptian startups receive £1m boost
Boloro launches debit authentication system in SA
On-demand alcohol delivery app receives R500k investment
Paystack earns $1,3m in seed funding
Uber's Ebi Atawodi: "Collaboration in the African tech space is practically impossible`
Towards global wealth creation: WATCH Wealth Migrate's Scott Picken at #afta16 #findaba16
Visa aims to boost African fintech
Standard snaps up stake in Firepay
Driving change in the public sector: ACCA report
Finance Indaba 2017: Purple Group eager to build on success
Bridging the agricultural funding gap: WATCH FarmDrive's Mary Joseph at #afta16 #findaba16
$200 million ploughed into Nigerian FinTech
Merchant West awarded AAA rating, lists bonds on JSE
Sanlam throws its weight behind ADDaBIT
Solar for a new Africa: WATCH The Sun Exchange's Morwesi Ramonyai at #afta16 #findaba16
Fintech Circle Innovate partners with Cape tech hub
Trump's effect on FinTech
AdvanceNet partners with Finance Indaba 2017
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Purple Group signs up for Finance Indaba 2017
Accept failure, says Charles Savage of award-winning Easy Equities - #findaba16
CFOs weigh the cost of not knowing at CFO dinner with IBM
People, not technology, give data meaning, says CGMA study
2016 African FinTech Awards: Powering up payments in Africa - #afta16 #findaba16
Newest Thomson Reuters Data and Innovation Lab Launches in CT
Mavericks, freaks and geeks: Martijn Aslander about attitudes for a changing world - #findaba16
One ERP to rule them all - SAP making waves at #findaba16
Easy Equities wins 2016 African FinTech Awards - #afta16 #findaba16
2016 African FinTech Awards: insane in the blockchain - #afta16 #findaba16
2016 African FinTech Awards: Towards a financially inclusive continent - #afta16 #findaba16
Finance Indaba 2016: Champions of financial inclusion
Finance Indaba 2016: Cellulant is all about transforming Africa
Finance Indaba 2016: Meniga brings banks and clients closer together
Finance Indaba programme: The Future of FinTech - #findaba16
Finance Indaba programme: Leading with data and insight - #findaba16
Finance Indaba: BeztForex makes you more competitive
Finance Indaba: i-Pay leading the way in instant easy payments
Finance Indaba 2016: The leader in enterprise information management
Finance Indaba: chat to Larc AI about Robotic Process Automation
Finance Indaba programme: Smart Finance, Smart Business - #findaba16
5 questions for Russell Glover about Finance Indaba partner Linxus
Finance Indaba: meet silver partner Connect Africa Payments
Finance Indaba: programme African FinTech Awards 2016 - #findaba16 #afta16