Banking

USA-based but Africa-focused fintech startup, Pngme, has announced that it has successfully concluded raising $3 million in VC funding which will help it further expand its offerings across Africa.

People in Kenya have taken to social media to complain of bank accounts wiped clean by fraudsters. In most of those cases, banks have been blamed for either having a role to play in it through insiders.

We talk of new generation fintech as driving financial inclusion by making it easier and cheaper to transact or move value, but we must take a step back and realize that with all that activity and growth, your data remains locked up with each service provider.

According to Afriland First Bank, a number of the automated cash deposit terminals have already been installed at some of their bank’s branches in Cameroon, and the feedback from users has largely been positive.

Open Banking Fintech startup, truID, has received an undisclosed sum of investment from South Africa's Crossfin Ventures. The South African Fintech startup has indicated that it is looking to use the funding received from Crossfin Ventures to scale its operations and look for synergies.

How the rules of the game are changing in Afrika’s banking sector, thanks to FinTech.

The 7th Annual SITEisfaction report has awarded FNB South Africa the "Best Digital Bank" in South Africa award for 2018. FNB was also announced the winner of the Best Mobile Banking and Best Internet Banking categories as well. The awards organizers also noted that FNB’s rise in