ITS gains first core banking system deal in Morocco

New core banking tech deal for ITS in Morocco

Morocco-based Al Akhdar Bank, a joint venture of Crédit Agricole and Islamic Corporation for the Development of the Private Sector (ICD), has signed for a new core banking solution, Ethix, supplied by International Turnkey Systems (ITS).

Interview: Martin Grunewald, BankservAfrica – the African payments dream

Martin Grunewald, BankservAfrica

In an exclusive interview with Daily News at Sibos, Martin Grunewald, chief payments officer at BankservAfrica, discusses its vision for a modern payments system in Africa and why replication is a good thing. “If we don’t start, we won’t get to the finish line”. There is a lot of planning and talking now, but South […]

Mauritius looks to blockchain for financial inclusion boost


The State Bank of Mauritius, SBM Group and SALT, creator of a blockchain-backed loan platform, have entered into an exploratory relationship to use blockchain assets as collateral for lending services. SALT, which stands for Secured Automated Lending Technology, says it offers risk mitigation software which allows financial entities, like SBM, to participate in this new […]

Ovamba and Microsoft team for first African language driven chatbot


Fintech firm Ovamba says it is working with Microsoft to create “the first African language driven chatbot designed to serve the millions of African SMEs who face exclusion from financial services due to the challenges of functional and business literacy”.

Cooperative Bank of Oromia live with new core banking system, Temenos T24

Fun with flags (again)

Ethiopia-based Cooperative Bank of Oromia (CBO), has gone live with new core banking software, Temenos’ T24.

Prime Tyme for South Africa’s newest bank


TymeDigital, a South African online money transfer business bought by Commonwealth Bank of Australia (CBA) two years ago, has been granted a banking licence. The first licence issued to a new bank by the South African Reserve Bank (SARB) since 1999. TymeDigital will enter a retail banking market dominated by South Africa’s five biggest banks: […]

BGFI Bank in group-wide upgrade of core banking software


BGFI Bank, a financial services group in Central Africa, is upgrading its core banking software group-wide. The bank is rolling out a new version of Sopra Banking Software’s Amplitude system, Amplitude Up.

South Africa Bettr get ready for new mobile banking service

Bettr 1

South African start-up Bettr Finance is preparing to launch its mobile banking service – with the offer of no monthly account fees and no bricks and mortar branches. It’s early days at the moment, so timelines and specific details are not available. But on its website its alpha phase is limited to 10,000 users. The […]

Kenya leads Africa in financial inclusion innovation

De-risking in Africa

Kenya is leading the way when it comes to digital innovation for financial inclusion in Africa, according to research by the Consultative Group to Assist the Poor (CGAP). Earlier this year, CGAP says it invited firms and organisations to submit proposals for digital innovations they believe have the most potential to advance financial inclusion in […]

Barcode payments spread across Africa with M-vendr and PiP iT


M-vendr, a UK-based tech company with a POS pay-in system across 12 African nations, has signed an agreement with international cash payments platform PiP iT to integrate the latter’s barcodes across its network of 45,000 merchant locations.