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.

31 January 2017

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.

13 January 2017

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.

12 January 2017

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.

10 January 2017

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.

29 December 2016

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.

20 December 2016

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.

15 December 2016

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.

07 December 2016

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.

24 November 2016

Solar for a new Africa: WATCH The Sun Exchange's Morwesi Ramonyai at #afta16 #findaba16

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.

09 November 2016

Donald Trump becomes US president: six lessons for CFOs

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.

25 October 2016

People, not technology, give data meaning, says CGMA study

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.

19 October 2016

Newest Thomson Reuters Data and Innovation Lab Launches in CT

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:

13 October 2016

2016 African FinTech Awards: Towards a financially inclusive continent - #afta16 #findaba16

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

Finance Indaba 2016: Cellulant is all about transforming Africa

"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

Finance Indaba 2016: Meniga brings banks and clients closer together

"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.

04 October 2016

5 questions for Russell Glover about Finance Indaba partner Linxus

"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."

15 September 2016

Disrupt, or be disrupted - CFOs discuss digital transformation

“By show of hands, how many people in the room have begun a digital transformation project in the last 12 months?” CFO South Africa MD Graham Fehrsen asked the crowd during his welcoming at the first Johannesburg breakfast event hosted by CFO South Africa on 15 September 2016. Virtually every attendant raised their hands. “So everybody is here to discover why it is not working or how to improve the ROI,” he joked to appreciative chuckles.

15 September 2016

Finance Indaba 2016: Creditinfo is a data-driven solutions pioneer

"Credit bureaus have always played an important role within the financial sector providing information, solutions and services that ensure that creditors have the information and technology needed to make informed decisions." says Agata Szydlowska, Head of Financial Inclusion and CRB Awareness at Credit Info, a gold partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg.

14 September 2016

Public sector CFOs and CIOs are trying to embrace the future

From medical emergency drones, to self-driving vehicles to a Google Hangouts gathering of Archbishop Desmond Tutu in South Africa and the Dalai Lama in Tibet: technology makes amazing things possible, as long as we embrace it. During a breakfast event on 13 September 2016, the energetic futurist Craig Wing challenged, educated, inspired – and entertained – a group of CFOs and CIO from the public sector and asked them some hard questions about technology: “Do you see a threat or an opportunity?”

29 August 2016

IBM's Leslie Moodley: CFOs can become performance accelerators through technological advancement

Technological advances are disrupting the status quo and creating huge turbulences. Businesses are converging and unforeseen competitors are emerging. It is all about creating disruption and staying ahead of the curve, which is rising at a rapid pace. And amid all this change, CFOs still need to create profits for their enterprises, writes Leslie Moodley, managing partner Global Business Services, IBM South Africa.

26 August 2016

Finance Indaba 2016: ManageIt has your procurement processes covered

“We can help professionals by centralising procurement, simplifying ordering, improving efficiency, reducing costs and securing pricing, sourcing and qualifying new suppliers with ease and managing BEE, contract and all other documents online,” says Brett Cunnington, marketing director of ManageIt, a silver partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg.

22 August 2016

Data governance in times of POPI and cyber crime - Yolanda Smit, PBT Group

An increase in cyber attacks targeting businesses and legislative requirements like the Protection of Personal Information Act (POPI) have brought attention to the need for effective data governance, says Yolanda Smit, Strategic Business Intelligence Manager at PBT Group. At its heart, data governance focuses on driving enterprise data management practices to the next level of maturity, where data is being managed intentionally and not just as an afterthought. Data security and privacy management, data architecture management, data quality management, records management, business intelligence, and data operations management are all vital elements in this new discipline of management.

03 August 2016

Wipro Partners and IDC give rural school learners access to technology

Leading global IT, consulting and business process services company Wipro has launched a three-year CSI project in partnership with South Africa’s Industrial Development Corporation (IDC) to set up 29 computer labs across South Africa, benefiting 28,000 students from rural areas. Gavin Holme, Business Head, Wipro Africa, said the company is committed to building a sustainable economy in South Africa, and that Wipro will be providing a broad range of hardware, software, connectivity, education and programme management resources.

27 July 2016

Finance Indaba 2016: Zetta Business Solutions make a CFO's life easier

"We can help finance professionals to improve their ability to better utilise their time, by automating and simplifying remedial processes like data collection, allowing them to spend more time on analysis," says Anna Puzone, the head of enterprise performance management at information management company Zetta Business Solutions, a gold partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg.

27 June 2016

Creativity needed for big data to drive revenue, says risk actuary Stefan Swanepoel

“Taking advantage of opportunities requires more creative thinking than simple analysis of data,” says risk actuary Stefan Swanepoel, the principal consultant for Directrix Risk Services, an actuarial and corporate risk management consultancy specialising in the pricing, financing and control of risks. Swanepoel has more than 13 years of experience in this field and currently consults to many of the largest South African companies, as well as many large international corporates. A fellow of the Institute of Risk Management and the Actuarial Society of South Africa, Swanepoel followed his father, a state actuary, into the profession after serving time in the military. He spoke to us about the impact of Big Data, risk management, the changing climate in South Africa and how it compares to foreign nations.

24 June 2016

Financial inclusion and money-making: FinTech Africa event massive success

How can FinTech companies help millions of Africans get access to financial services? And what should FinTech entrepreneurs do to build viable, money-making businesses out of this? Those were some of the key questions during a spectacular FinTech Africa event at 23 June 2016, hosted at the beautiful Woodmead offices of Deloitte South Africa and co-sponsored by WeChat, the company that invented the increasingly popular social communications app.

23 June 2016

Meet Christine Ramon (AngloGold Ashanti), winner of the Finance & Technology Award at the CFO Awards 2016

“Just being recognised as CFOs is great, along with the fact that we are making an impact in the business community. I would like to thank CFO South Africa and the sponsors for this event," said Christine Ramon, CFO of AngloGold Ashanti, on receiving this year’s Finance and Technology Award at the CFO Awards 2016, held on 12 May at the stunning Summer Place. Pictured right: Christine Ramon with Kholiwe Makhohliso (Oracle) Christine was joined at the awards by her three CA siblings: Justine Mazzocco (exco member Deloitte), Veran Kathan (CFO Vodacom Business Africa) and Mark Kathan (CFO AECI), the latter a nominee of the CFO Awards in both 2015 and 2016.

20 June 2016

Allianz Risk Transfer and Nephila successfully pilot blockchain tech

Allianz Risk Transfer AG (ART) and Nephila Capital Limited (Nephila) have successfully piloted the use of blockchain smart contract technology for transacting a natural catastrophe swap. The test demonstrates that transactional processing and settlement between insurers and investors can be significantly accelerated and simplified by blockchain-based contracts. It also points to other benefits such as increased tradability of cat bonds and wider opportunities to apply this technology in other insurance transactions. Richard Boyd, Bermuda-based Chief Underwriting Officer of ART, said:

06 June 2016

Kuben Naidoo new registrar of banks

The Reserve Bank recently appointed Kuben Naidoo (pictured), one of its three deputy governors, as registrar of banks. Naidoo will fill both the deputy governor and registrar roles, effective 1 June, following Rene van Wyk’s recent retirement at end May. This comes ahead of the establishment of a new Prudential Authority that will regulate banks and insurers in terms of the new Twin Peaks model of regulation. The Twin Peaks legislation, which requires that the CE of the Prudential Authority be a deputy governor of the Reserve Bank, is in line with developments in financial sector regulation globally. It will see responsibility for banks, insurers and others in the sector split between a Prudential regulator, in the Reserve Bank, and a Market Conduct regulator, which will sit in the Financial Services Board. According to Naidoo, the Bank hopes the legislation, currently still with parliament, will be passed later this year so that it can come into effect on 1 January 2017.

23 May 2016

INOVO's Thinus Janse van Rensburg: Four ways customers should drive a CFO's IT spend

CFOs have traditionally not had to engage with IT. The CIO or other IT execs would simply recommend that the company adopt certain technologies without explaining how those technologies benefit the company. Buzzwords about technology and business processes can be impressive or baffling, depending on the level of communication between departments. It has become increasingly apparent that CFOs can benefit from engaging with IT, and that this engagement has a direct impact on profitability.

22 April 2016

Five tech trends CFOs cannot ignore - a chat with KPMG's Frank Rizzo

“I have always had a passion for technology,” says Frank Rizzo, who is in charge of the technology sector and of data & analytics at KPMG across Africa. Frank is a popular speaker at CFO South Africa events, combining ultra-current insights with an easy presentation style. In an exclusive interview with CFO South Africa, Frank speaks about his love for technology, the way CFOs should use data, and his plans to increasingly work with incubators and startups. Frank also lists five technology trends CFOs cannot afford to ignore.

30 March 2016

To SPAC or not to SPAC? An interview with #FinTech financier Greg Voigt

"The traditional PE model is stale and battling with an ever increasing amount of regulations and complexity," says Greg Voigt, chief investment officer at special purpose acquisition company M-FiTEC that listed on the JSE’s AltX board at the end of last year. We spoke to him about the advantages of a SPAC over other financing forms, the opportunities for FinTech in South Africa and his ambitions with M-FiTEC.

06 March 2016

Mike Lysko, AYE: taking eventing to the next level through tech

Mike Lysko was up to his elbows in the event space when the makings of a brilliant idea started to take root in his mind. He frequently saw people at events lined up (im)patiently waiting their turn to talk to the flushed assistant at the information desk. He noticed others lugging around reams of print materials handed out at seminars and presentations, or walking in circles around the venue, unsure where their next session was being held. Then there were those surprised to hear post-event that they'd missed a great special valid only on the day, or struggling to get in touch with an exhibitor whose wares had caught their attention but whose business card they'd misplaced. The idea nagged at him until he paid it enough attention for it to germinate properly into a concept, and then, with the help of a tech incubator, BizSpark, into a business: AppYourEvent (AYE). "I always knew I wanted to start a company in the tech space," says Lysko, who has always found the tech sector intriguing. He launched AYE in 2014, though its beginnings were humble, as he could only dedicate time outside of his 8-5 job to the business. His first client was HobbyX, an annual craft and hobby expo that attracts 30 000 attendees, and which he secured through a personal connection. "They were looking for a solution because they wanted to do away with all the print material," explains Lysko. "They could see the trend was there for such a solution." Lysko used HobbyX's database to conduct a survey, asking customers about the pain points they experienced or what features would be useful should HobbyX put together an app for their event. Based on the results of this market research he then developed an app prototype. After the event he dissected the data and tweaked the app accordingly. "It was a great learning experience," he says. "There was about a 30% change." A year later AYE had become busy enough that Lysko left his full-time employment to focus on the company. He bootstrapped it entirely, investing everything he had into the fledgling business. But it paid off, and in little over six months AYE's staff contingent had grown from Lysko alone to six staffers on the payroll. Better still, AYE has already been used at events in 15 countries, and has several high-profile clients on its books, including Sage Pastel, The Rockefeller Foundation, Smart Procurement, and Oracle. While the app was not an entrant in the awards, Lysko and his team were nominated to create the app for the MTN App of the Year awards. "That was a big milestone," he says. Lysko believes the tech has been quite disruptive to the event space. "In the sense that your traditional marketing methods have been changed with this app because you’re alerting users to personalised messages or notifications," he says. Rather that printing out stacks of bulk material for attendees, all the info they need it accessible literally at their fingertips. Better yet, the generated data is incredibly useful for planning of future events, debriefing of past events, or reporting back to sponsors, partners or other event role players. "With the app you are able to say to a client, 'your sponsorship banner received x number of views or taps'," Lysko explains. "So you can give real ROI to sponsors." For users, the uses are myriad, and can be enjoyed at the event as well as before and after. Attendees who download the app ahead of the event can connect with and communicate with other attendees ahead of time, scheduling networking sessions if they so choose or simply exchanging information. They can introduce themselves ahead of time to a speaker or person of importance they might like to meet on the day. And, because the programme for the event is live through the app, any updates, changes and reminders are in real-time, and users can access details of planned presentations, participate in live polls or surveys, or peruse available reading material ahead of a session they might be attending. As with many businesses, there have been some small hiccups along the way. "Getting people to buy into the idea initially was quite a challenge," Lysko says. "There were clients but they were hesitant." It also took some time getting acquainted with the rules and regulations of the Google and Apple app stores, in order to get each app onto the platform for download. "Learning about those submissions and processes was challenging at first, but now I've got a good relationship with them," Lysko says. Each app for each client gets put through this same process before it is made available on the app stores. Thus far, AYE has published close on 35 full apps and 40-plus prototypes, though Lysko anticipates this number will continue to grow, and quickly too.

26 February 2016

FinTech Africa event: fascinating insights in #blockchain at Barclays Rise

A Dutch “prophet of the future", a forward-thinking Barclays boss and a group of amazing South African FinTech pioneers engaged in some intriguing discussions and short presentations during FinTech Africa’s Blockchain event in Cape Town on 25 February 2016. The gathering of around 80 FinTech professionals and enthusiasts was hosted at the marvelous Rise innovation hub of Barclays Africa at the Bandwidth Barn in Woodstock.

19 February 2016

Blockchain will revolutionise business, says Bankymoon CEO Lorien Gamaroff

"Blockchain is going to be a massive disruptive force. This is the next revolution, the next Internet, if you like. It is not an understatement to declare that a new technological revolution is upon us," says Lorien Gamaroff, founder and CEO of Bankymoon, a software company focusing on Blockchain technologies. Gamaroff will be one of the speakers at the much-anticipated FinTech Africa Blockchain Event, taking place on 25 February in Cape Town.

19 January 2016

Paul Marten, CFO Microsoft SA: talking products within finance

“As a finance team we can bring our own products into the conversation with our business partners and our customers, by talking about how we do things at Microsoft.” Discussions about finance transformation and the evolution of the CFO can sometimes sound theoretical and dry – not so with Paul Marten, Finance Director at Microsoft South Africa. Using the same tools that his famous firm is selling, he embodies the outward looking finance leader of the 21st century.

14 December 2015

Use big data to grow your business, says Uber's Dave Kitley

Speaking at the recent Oracle Cloud Day, held at The Forum in Bryanston, Dave Kitley, Driver Operations and Logistics Manager Uber Johannesburg and Pretoria, explained how the Uber concept began purely in response to a need. The company's founders Travis Kalanick and Garrett Camp, were standing on a Paris street one chilly evening, trying to hail a cab. After several unsuccessful minutes they thought there must be a better way to do this. In each of their pockets – as in the pockets of many people – was a smartphone and a credit card. Surely, they pondered, something could be created using just these two things? With this in mind, the pair returned home to San Francisco to develop their app concept, and thus was created Uber.

09 November 2015

Virtual data rooms essential for M&A - Arie Maree, Ansarada

Virtual data rooms are crucial in ensuring that the acquisition process is as smooth as possible. That is according to Arie Maree, director at Ansarada, a world leader in merger and acquisition technology and headline sponsor of the Knife Capital Exit Conference, held at the Sandton Convention Centre on 21 August. A virtual data room is a limited-access website or software platform that bidders and advisers can use to peruse confidential corporate information before making a decision to purchase. These rooms offer significant cost savings on physical centres, especially when large teams of experts are required to perform extensive due diligence processes. They can be used for data storage, document exchange, file sharing, financial transactions and legal transactions, among other functions.

21 October 2015

Think globally & grow up - successful FinTech event in Cape Town

South African FinTech companies need to adopt an attitude of abundance, learn to “think globally” and then “grow up and do the hard work”. Those were some of the conclusions of the incredibly successful and well-attended FinTech Africa event in Cape Town on Tuesday 20 October 2015. “We have been overwhelmed by the response,” FinTech Africa MD Graham Fehrsen candidly admitted. “Never in our wildest dreams had we expected such a large audience and such fantastic speakers.”

19 October 2015

FinTech entrepreneurship 'tough, painful and unhealthy', says Perry Blacher

The challenge for African FinTech entrepreneurs is "doing things that are big enough", says seasoned FinTech entrepreneur Perry Blacher. According to him the best ones focus on the bottom of the pyramid. "A lot of entrepreneurs start businesses solely for the four million South Africans with money, while ignoring the 51 million who don’t have much in their bank accounts," he says. We spoke to Perry in the run up to our big FinTech Africa event in Cape Town tomorrow.

15 October 2015

Fintechs don't realise own arrogance, says Paul Steenkamp (Standard Bank)

"Banks need to become less self-obsessed and more aware that all the decisions they make have to have customers at the centre," says Paul Steenkamp, Head: Innovation Capability at the Standard Bank Group. Paul was on the panel during the successful 2nd FinTech Africa event in Johannesburg. In the lead up to our 3rd event in Cape Town on 20 OctoberEbrahim Moolla spoke to him about the panic banks felt about FinTech and the way they are starting to embrace the revolution now. "One plus one equals three. Banks and FinTech companies can achieve a lot more by working together."

12 October 2015

Next FinTech disruptor is African, says Techstars director Greg Rogers

The world-renowned startup accelerator Techstars has set up shop in Cape Town. As part of the recently announced Barclays Africa incubator Rise, Techstars and Barclays have partnered together to create a unique program for 10 promising FinTech startups. Applications are open until 10 January with program start on March 28. We spoke to Techstars executive director Greg Rogers about the program and his vision for FinTech in the continent.

08 October 2015

African FinTech businesses can conquer the world, says IDM's Benay Sager

"FinTech is a fantastic thing, but lenders must be responsible and conduct proper creditworthiness assessments," says Benay Sager, chief operating officer at Intelligent Debt Management. Benay will be on the panel of experts during our upcoming FinTech Africa event in Cape Town on 20 October. Our journalist Ebrahim Moola spoke to him about FinTech's benefits and barriers. "My hope is that many more people will enjoy access to mobile banking technology and not have to go into a branch."

05 October 2015

Colin Vallis: attitude change financial institutions crucial for Afican FinTech

Big financial institutions in South Africa have changed their attitude and are now ready to collaborate with FinTech companies, says investment professional Colin Vallis (PlatCol Investments), who was on the panel during the successful 2nd FinTech Africa event in Johannesburg. In the lead up to our 3rd event - in Cape Town on 20 October - Ebrahim Moolla spoke to Colin and got his vision on the state of FinTech in the country. Are there too many virtual payment solutions? Where are the venture capitalists? What should entrepreneurs do better?

02 October 2015

The future of investing in FinTech in Africa? Join us on 20 October!

FinTech Africa is back, with an event that promises to be bigger, better and even more inspiring than the July event in Johannesburg. Hosted by the University of Stellenbosch Business School Executive Development (USB-ED) at their Bellville campus in Cape Town, national and international speakers and panellists will shed their light on the f future of investing in FinTech in Africa. Whether you are an investor or a FinTech entrepreneur, the event on 20 October 2015 is one you should not miss!

18 August 2015

Triple CFO Award winner Colin Brown raises the bar at Super Group

“You need to understand what world class means and then raise the bar for your own company.” There is no doubt that Colin Brown knows what he is talking about. In his position as Group CFO, he assisted the Group Chief Executive Officer, Peter Mountford, and the current leadership in rescuing the flailing Super Group from the abyss five years ago, turning it into a profitable transport logistics and mobility group once again.

12 August 2015

Meet Colin Brown (Super Group), winner Finance & Technology Award 2015

I am not telling any secrets when I say that Colin Brown was one of the hot favourites for the CFO of the Year Award 2015. After scooping up two major awards during the first CFO Awards in 2014 - Strategy Execution and Digital Transformation - the Super Group story had only gotten better and Brown is considered one of the key engineers of the remarkable turnaround and renewed ascend of the South African firm. However, the panel of judges felt that Deon Viljoen's remarkable work at Alexander Forbes deserved the recognition and Brown was pipped to the post.

29 July 2015

FinTech Africa event: as it happened (with all the tweets!)

Disruption, the value of failure, attitude, innovation and collaboration were some of the keywords during a riveting FinTech Africa event at GIBS Business School in Johannesburg on Tuesday 28 July 2015. With lifehacker Martijn Aslander as keynote speaker, FinTech guru Nicole Anderson and Wizzit CEO Brian Richardson as presenters and a bunch of the most exciting FinTech experts on a lively panel, the energy in the room was palpable. With well over 100 people from the FinTech ecosystem attending the event, we're already looking forward to putting together the next one.

28 July 2015

FinTech innovators and capital need to partner - Charles Savage, GT247.com

In South Africa entrepreneurs tend to be very poor at articulating or selling their ideas to capital, that’s according to Charles Savage, Chief Executive Officer at online trading company GT247.com. “When it comes to valuing an income statement, we can compete with the best in the world, but when it comes to valuing a business plan, not so much, because it requires a greater leap of faith,” says Savage.

27 July 2015

Grant Morgan, Dimension Data: making savings in the cloud

"We used to treat our servers like pets, giving them nicknames like Superman... Now we have entire farms of nameless “creatures”. This is automation. Cloud solutions never have IP conflicts or bring down your network and you only pay for what you use,” Grant Morgan, General Manager of Cloud at Dimension Data told the delegates at the inaugural MyBroadband Cloud & Hosting Conference at Gallagher Estate, Midrand, on 9 June. “The motor industry was mechanised to provide quantity and quality at the same time. Machines make fewer mistakes. Today, the same thing is happening in IT."

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