Kenya Bankers Association unveils real-time interbank switch

Kenya 1

Kenya Bankers Association (KBA) has launched its real-time interbank switch, PesaLink, and kicked off a phased rollout of the digital payments platform. The product has been in the making since 2013, when KBA member banks decided to create their own industrywide switch to rival the M-Pesa services. KBA vice-chairman John Gachora says PesaLink is “proof […]

2017: the year fintech shifts its focus to Africa


Africa is becoming a very interesting fintech innovation hub (in particular South Africa, Nigeria and Egypt). As much as 80% of the continent is unbanked, opening the door to a breadth of opportunities for fintech companies to seize market share.

Innotribe start-up challenge returns to Africa


Swift Innotribe’s “Start-up 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 typically attracts up to 500 delegates from around 40 countries, according to Swift. It offers the usual mix of […]

Ecobank launches fintech challenge for start-ups

CEO is now Chief Cultural Transformation Officer

Pan-African banking conglomerate Ecobank has launched a fintech challenge for start-ups. The event, open to Africa’s entrepreneurs, innovators and developers, provides an opportunity to win $500,000 in funding as well as partner with Ecobank and roll out services across 36 countries.

New digital bank, SunTrust, runs on ICS Banks core platform

SunTrust, Nigeria's new digital bank

SunTrust Bank in Nigeria has renewed the contract with banking software vendor ICS Financial Systems (ICSFS) for its ICS Banks core banking system.

Centenary Bank live with new core banking system, Profits

Centenary Bank in core banking tech overhaul

Centenary Bank in Uganda has gone live with a new core banking platform, Profits, supplied by Intrasoft International.

NetGuardians signs fintech deal with Keystone Bank

Keystone Bank

Nigeria-based Keystone Bank has selected the FraudGuardian solution from NetGuardians for protection from online banking fraud.

ICSFS gains new core banking client in Ghana, BOND Savings and Loans

ICSFS gains new core banking software deal in Ghana

BOND Savings and Loans, a Ghana-based financial services company, has selected new core banking software provider and system as it is aiming to become a fully-fledged bank in 2017. ICS Financial Systems (ICSFS) has won the contract to supply its flagship ICS Banks system to BOND.

People’s Bank of Zanzibar to overhaul core banking tech with ICS Banks

People's Bank of Zanzibar in core banking tech overhaul with ICSFS

People’s Bank of Zanzibar (PBZ), a state-owned bank in Tanzania, has concluded its core banking system selection. The bank has signed a deal with ICS Financial Systems (ICSFS) to implement the vendor’s ICS Banks platform.

Beige Capital in Temenos 24 core banking revamp

Temenos living the American Dream

Ghana-based Beige Capital Savings and Loans (BCSL) is in the final stages of rolling out Temenos’ T24 core banking system. The T24 project formally kicked off in February this year, after the November 2015 launch of BCSL’s new technology centre in Accra. During that same period consultants from Temenos and London-based systems integrator Jethro were […]