Banking

Many banks are partnering with fintech startups to help them digitalize, enabling them to expand their services and reach more customers at the same time.

Banks that build their issuance business now not only contribute to the foundation on which this transition can take place, but also position themselves to reap the rewards of this seismic fundamental shift.

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.