Mackson Wakama

996 Flips | 5 Magazines | 397 Likes | 13 Following | 47 Followers | @Mackson23 | macksonwakama.com Digital Banking + FinTech

How banks can use personalized services to increase customer satisfaction and compete with fintechs

It's no longer enough for banks to offer customers a sleek mobile banking app; in fact, they expect it.<p>And with emerging fintechs continuously creeping in on incumbents' marketshare, legacy banks must work to provide additional tools that will keep users engaged in-app — and prevent their eyes from …

Customers

10 Ways Digital Banking Can Change Africa- Jaydeep Gutpa, Regional Head Retail Banking, Africa & Middle East, Standard Chartered Bank - Financial Technology

Mobile money can serve as a gateway to financial inclusion, it enhances the impact of international remittances on development. Digital platforms …

The Best Bank Branch For The Digital Age Isn’t A Branch

Banks and credit unions must improve digital solutions before determining how much to invest in digital branch technologies.The post The Best Bank …

Technovation 2018: Meet di Nigerian girls wey win Silicon Valley competition wit fight fake medicine app

Image copyright @technovation<p>One team of young girls wey represent Nigeria, dust America, Spain, Turkey, Uzbekistan and China to win di junior division of di 2018 Technovation world pitch for San Francisco, US.<p>Di Nigeria team wey call demsef Save-A-Soul, bin develop mobile app wey dem call 'FD …

What is WhatsApp Banking and how does it work?

While social media is taken for gossip in one part of a continent, it is a banking tool in another. WhatsApp is evolving from just a mere chit chat …

Offering a white-labeled lending service in emerging markets, Mines raises $13 million

Emerging markets credit startup Mines.io has closed a $13 million Series A round led by The Rise Fund, the global impact fund formed by private equity giant TPG, and 10 others, including Velocity Capital.<p>Mines provides business to consumer (B2C) “credit-as-a-service” products to large firms.<p>“We’re …

The Rise of the Digital Wallet

For years, paying at the register has looked and felt the exact same: Pull out your wallet from a purse or a pocket, and hand over cash to a store …

Alibaba's Jack Ma ‘Will Do Anything to Share Technology’ With Africa

Alibaba Group Holding Ltd., China’s biggest online emporium, “will do anything to share technology” with Africa, founder and Chairman Jack Ma …

German banks unveil mobile payment challenge - Mobile World Live

Germany’s association of cooperative banks announced the majority of its institutions would launch smartphone wallet services in the coming days, …

Opera to acquire controlling stake in Nigerian mobile money platform, PayCom

The company behind the popular Opera browser, Opera Software is about closing an acquisition deal for Telnet Nigeria Limited’s mobile money platform …

Opera (Browser)

Your next bank card will have a fingerprint scanner built-in

Visa and Mastercard have chips embedded in hundreds of millions of credit and debit cards around the world. They're used in more than 200 countries …

Nigerian lendtech Fint unleashes loan marketplace

Lagos-based lendtech start-up Fint has powered up offering loans as it seeks to gain a share of the financial inclusion market.<p>“The better your …

Citi will soon make mobile banking available to non-Citi customers

Citi is making its mobile app available to everyone — even if they aren’t Citi customers.<p>Big banks are becoming more accessible. Just look at Goldman …

Sub-Saharan Africa remains the dominant force in mobile money

Mobile money hasn’t just changed the economic and social fabric of Africa. It has changed the world.<p>Latest research1 shows that in 2017, the mobile …

6 Trends Impacting the Future of Payments

Blockchain. Cryptocurrencies. Mobile payments: The internet of things: Fintech has sure got its hands full.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Fintech underwent a revolution of sorts this past year with the rise of crypto assets: Cryptocurrencies like Bitcoin and Ethereum …

Apple CEO Tim Cook wants to end money — and everyone working in financial technology should be paying attention

If Apple CEO Tim Cook had his way, he would never use cash again — and he thinks there's a chance that it could actually happen.<p>"What I believe is I think I'm hoping that I'm still going to be alive to see the elimination of money," he said earlier this month at a meeting for Apple shareholders in …

Curve card review: is this ‘smart’ card worth going for?

<b>Curve is a new ‘smart’ card that allows you to combine credit, debit and some prepaid cards in one place, switching between accounts with a</b> …

Meet Leo by UBA; UBA Launches Chat Banker to Change the Face of eBanking

Nowadays, most banking transactions are carried out by using USSD codes or using a mobile app, Leo by UBA is here to revolutionize ebanking by …

Social Media

Is Digital Banking Henry Ford's Faster Horse?

This year’s the Digital Banking Report from Jim Marous is a record-setting 106 pages based on a crowd-sourced panel of 100+ financial services influencers combined with the results from a global research study of financial institutions. It identifies the key trends and strategies that will have the …

Banking

Britons went crazy for contactless in 2017: Here's how much we spent

Britons are using contactless payments for bigger and bigger transactions, new figures have shown.<p>Barclaycard said the amount Britons spent using …

Bitcoin WARNING: Fintech boss warns of currency DELUSION – 'Can you buy a house with it?'

GETTYSingapore's Fintech chief said Bitcoin had no intrinsic value<p>Sopnendu Mohanty, Fintech chief for Singapore’s monetary authority (MAS), said …

Cryptocurrency

A mobile banking service is transforming how the poor transfer money — here's how it works

It's called M-Pesa, and it has lifted hundreds of thousands of people out of poverty in Kenya.<p>"Pesa" is Swahili for money. The Kenyan service provider Safaricom launched M-Pesa in the East African nation 10 years ago, and since then it's enabled countless people to move small amounts of their own …

The surprising place where cash is going extinct

Somaliland, a self-declared republic in East Africa, faces high illiteracy and has an economy ravaged by a civil war. But it might just become the first cashless society on Earth.<p>Half a dozen men crowd round one of the many small colourful wooden shacks off a main street in Hargeisa, Somaliland, …

High street cash machines to be replaced by supermarket cashback service within decade

Cashpoints will be replaced with supermarket cashback within five to ten years, under plans being drawn up by Britain's biggest ATM network.<p>The idea will see shops told to offer free cash services to members of the public with no requirement for them to buy items first.<p>Link claims the amount being …

How a FinTech Company and a National Postal Service Reach the Unbanked

Mid-October, FinTech firm conta.MOBI, which provides payment account (including a free version), announced a collaboration with Correios, the …

Will Cash Disappear?

Coins and paper currency remain the most popular ways to pay in most countries. But longer term, cash appears to be locked in a losing battle with electronic payment methods.

Does Your Bank Need an Innovation Lab?

Traditional banking providers in the U.S. are falling behind in the innovation arms race that will define the industry for the next 20 years.

Plastic cards not going away anytime soon

KUALA LUMPUR: PayPal, Apple Pay, Samsung Pay, Alipay and other leading digital wallets have become increasingly popular, thanks to advancements of …

FinTech

Foodpanda may roll out e-wallet, keeping pace with Hong Kong’s embrace of cashless economy

As part of a mobile payments push, Foodpanda could launch an e-wallet service for its food delivery business, according to a company executive. Arun …

Hong Kong