Technology |

Fintech Platforms Within a Trade Finance Context

LAGOS (Capital Markets in Africa) – Much has been said about the upcoming “fintech disruption”. About 4 years ago, emerging technology companies identified as “fintechs” were mostly finger-pointed as attempting to create the next wave of competition against established financial institutions (FI’s). At that time, most bankers viewed fintechs as new entrants trying to enter the financial services industry using advanced technologies and innovative business models. Fintechs were perceived as attempting to grab market share…

Digitisation: Six Key Trends Disrupting the Insurance Sector

Posted on by The Editorial Team

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?

Posted on by The Editorial Team

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,…

JPMorgan Is No Match for Google in One Analyst’s Fintech Ranking

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – No banking titan is better prepared than JPMorgan Chase & Co. to roll out new financial technologies — but even its innovation pales alongside Silicon Valley’s, according to a report by Autonomous Research. Big financial firms including Bank of America Corp., Barclays Plc, Wells Fargo & Co. and UBS Group AG are “soberingly behind actual tech companies” in showing they’re embracing advances that power fintech, the study found. Alphabet Inc.’s Google, Facebook Inc. and…

Embrace the impact of digitalisation and turn disruption into opportunity

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The growth of digital technologies is seeing disruption taking place across industry sectors. For companies operating in Africa, the opportunities these presents are too significant to ignore. Long considered the next frontier when it comes to innovation, the continent is poised to benefit from this push towards digitalisation. “With the gap between technology and business all but disappearing, decision-makers are faced with a choice of either embracing a new,…

Cybercrime growth highlights need for short- and long-term ICT education plans in South Africa

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – The Joburg Centre for Software Engineering’s (JCSE) seventh annual ICT skills survey showed that South Africa continues to lag behind other African countries, such as Kenya, Nigeria, and Egypt, in information communication technology (ICT) skills training and an emphasis on the contribution that technology plays in contributing to economic growth. In the current environment of increasing cybercrime attacks globally, this makes the need to upskill our citizens even more…

Nigeria to License Drones in New Rules for Unmanned Aircraft

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigeria plans to license drones used for both commercial and private purposes under new regulations governing unmanned aircraft, the head of the civil aviation agency said. “We have proposed regulations already,” Dele Sasegbon, director of general aviation at the Nigerian Civil Aviation Authority, told reporters Thursday in the capital, Abuja. “For the integration of unmanned aircraft into the national airspace system, we have to do it seamlessly.” Steps have…

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