Mackson Wakama

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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 …

Startups

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 …

Banking

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 …

Sub-Saharan Africa

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 …

Internet of Things

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 …

FinTech

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 …

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 …

FinTech

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 …

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 …

Basic Income

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, …

Africa

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 …

ATMs

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 …

Payment Systems

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.

Innovation

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 …

Facebook makes fintech move with UK launch of p2p payments via Messenger feature

Facebook is making its first foray into finance in the UK with the launch of a new feature which lets users send and receive payments via …

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.<p>Arun …

Top 10 Retail Banking Innovations in the World

Starving for some inspiration? Check out these fresh ideas from ten different financial institutions.

Banking

Challenger bank OakNorth says it just closed the largest funding round of any UK fintech firm to date

British challenger bank OakNorth said Friday that Singaporean sovereign wealth fund GIC would take a 10 percent stake in the firm.<p>The state-owned …

Venture Capital

This UK fintech is taking on big banks with business loans — and one key EU law is driving it

A digital invoice finance platform in the U.K. will provide business loans to its customers for the first time, it was announced Wednesday.<p>Financial …

Loans

CommuterClub raises £2.3m to grow online season ticket financing from WGC and early-stage investors

A startup which provides financing for commuters to buy rail travel cards has landed a fresh injection of cash, City A.M. can exclusively reveal.<p>The …

These two twenty-somethings convinced HSBC to work with their startup — here's how

LONDON — Fintech startup Bud is just two years old and has just 23 staff but has managed to sign a deal with HSBC, one of the world's biggest banks.<p>Bud also recently raised £1.5 million from backers including investment bank Investec and Spain's Sabadell Bank. Bud's founder and CEO Ed Maslaveckas, …

Customers

Banks should fear the financial prowess of Amazon rather than fintech firms, says McKinsey

The global banking industry is failing to respond to a growing digital threat, that could also be harnessed to ramp up profits, according to …

Jeff Bezos

Catholic Church is bringing in contactless donations

The Catholic Church in London is introducing contactless collections so it’s easier for people to donate.<p>Officials said the move would help …

In the contactless payment era, why is cash making a comeback?

It’s never been easier to pay without using real money, and yet the value of banknotes and coins in the economy is rising at a rapid rate. Austerity, fear of a looming Brexit apocalypse, or growing criminality may all be behind it<p>As we enjoy an era of contactless payment, credit cards and bitcoin, …

Bank of England

UBA Group deploys AI-powered callback technology for instant customer response

<b>United Bank of Africa Group, (UBA) is going above and beyond the legacy banking systems to omni channel marketing and social media lead generation,</b> …

Customers

The Pulse of Fintech – Q2 2017

Markets