Africa


Al Salam Bank Seychelles selects iFinancial’s AMLtrac solution

Al Salam Bank Seychelles (ASBS) has chosen International Financial Systems’ (iFinancial) anti-money laundering (AML) solution, AMLtrac, as it plans to introduce domestic banking services for local and regional SMEs and corporates. As part of that planned expansion, ASBS, an offshore financial institution, has selected the know your customer (KYC) and document management, account monitoring, transaction […]

Case study: EBank and Fiorano – core banking integration

Namibia’s EBank has achieved digital transformation of services with Fiorano’s core banking integration. Fiorano Enterprise Service Bus seamlessly integrates EBank’s Temenos T24 core banking system with third party suppliers and channels facilitating its vision of financial inclusion.

Veridium and Wala bring blockchain power to Africa’s unbanked

Biometrics firm Veridium has teamed with Wala, a blockchain-powered financial services platform, as they target the unbanked and underbanked population in Africa. The duo will collaborate on a pilot programme in sub-Saharan Africa to demonstrate their digital model offering “zero-fee banking”. This pilot is funded by a grant awarded to Veridium from the Digital Financial […]

Africa can learn from the South American mistakes

Africa is firmly in last place when it comes to the development of the digital society, unless you count the Antarctic, but looking towards the failures of other emerging markets might help things along, reports Telecoms.com (Banking Technology‘s sister publication). First of all you have to address the hurdles which Africa is facing. Firstly, the […]

Over-regulation and career politicians could spell disaster for tech

Government intervention has been a hot topic all week at AfricaCom, and it doesn’t seem like there is going to be a resolution to the problem anytime soon, reports Telecoms.com (Banking Technology‘s sister publication). Of course there will always be a need to regulate any industry; commercial entities should not be left by themselves, they […]

ITS gains first core banking system deal 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

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 […]

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