Into Africa | - Part 5

No Simple Solution to Achieving Scale In Global Mobile Payments

LAGOS (Capital Markets in Africa) – In many ways, cash transactions are the original “mobile payments”. They are fast, easy, cheap, and relatively secure, and have set a very high payment experience bar that any other form of mobile payment will need to exceed if it plans on making the use of cash obsolete. Not only are cash payments instantly ‘cleared’ between the buyer and seller, they are mostly universally accepted, require no complex hardware…

INTERNET OF THINGS: ENABLING THE FULL VALUE OF CONNECTIVITY

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Technology has the potential to fundamentally transform societies. It enables rapid improvements to industrial production and societal services, positively influencing the way we live and interact with our environment. Africa is home to over a billion people and the population is expected to grow in the coming years. It is also a continent with the most growing economies and many from a low base. To accelerate its journey towards…

Riding the Wave Of Artificial Intelligence in the Banking Sector

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LAGOS (Capital Markets in Africa) – Ever since the term Artificial Intelligence was coined by John McCarthy, the field of Artificial Intelligence has moved through many phases. The subject of Artificial Intelligence actually predates personal computing, it all started with “an ancient wish to forge the gods.” As Pamela McCorduck would put it. In 1950, Alan Toring, the English Mathematician published a paper in which he deduced the possibility of creating a machine that ‘thinks’….

INVESTING IN TECHNOLOGY ENTREPRENEURS: A REALITY CHECK

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LAGOS (Capital Markets in Africa) – South Africa’s entrepreneurial activity is at its highest level since 2013, the global entrepreneurship monitor’s (GEM) latest report for South Africa 2017/2018 has revealed. Total early-stage entrepreneurial activity (TEA) in South Africa is at 11.0%, 4.1 percentage points higher compared to 2016’s score of 6.9%. This is the measure of all adults in the population that are involved in early stage entrepreneurship. However, this is far from demonstrating a…

Digitisation: Six Key Trends Disrupting the Insurance Sector

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LAGOS (Capital Markets in Africa) – As exponential, digital-driven technologies transform the 4th Industrial Revolution from a buzzword into reality, the financial services sector – and insurance in particular – face massive disruption, it starts with a radical reimagining of the very model insurance has been built on since its origins in the 14th Century, and Africa is no exception. Several trends are emerging on the continent that pose a significant threat to the business…

Are Financial Services Embracing Analytics and Artificial Intelligent?

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LAGOS (Capital Markets in Africa) – If there’s one industry that’s been through the mill over the past few years, it’s the financial services industry. Plagued by unparalleled levels of change in terms of business processes, regulations and customer expectations and facing new digital threats all while still reeling from the 2008 global economic crisis, the sector has proven itself to be resilient. Though the outlook for the industry is looking to be more positive,…

Open Banking and APIs: Emerging Opportunity in Africa

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The terms Open and Africa has never been considered synonymous. With a linguistic diversity of almost 2000 languages, 3000 plus cultural identities and 55 currencies it is hard to image ever establishing an Open architecture on the second largest continent. However, Africa is known for leap-frogging technology. We see solar cities being built instead of laying new power grids, rapid adoption of cellphones instead of landlines and gleaning first…

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