Author Archives: admin

Industry Convergence In Financial Services Is Accelerating | TechCrunch

Old but excellent article on sector convergence as it relates to the financial services sector. “Large retailers are launching their own consumer banks, payment services and credit cards based on customer data, brand loyalty and capital reserves in mature markets. … Continue reading

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The FinTech Opportunity in Africa- Irrational Innovations

Interesting statistics! “with 85% mobile penetration and only 20% with access to financial services, we are facing one of the biggest windows of opportunity of our era”- Irrational Innovations 

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The Nigerian FinTech Landscape – A Growing Opportunity- Irrational Innovations

Nigeria`s FinTech landscape is clearly growing. The country`s financial services sector is not constrained by legacy banking applications like what obtains in western nations. I foresee further growth and investments in 2017 especially in the mobile payments space.  The Nigerian … Continue reading

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Electronic Payments Growing In Nigeria — Quartz

Electronic payments have really witnessed rapid growth in Nigeria especially since the Central Bank of Nigeria introduced its “Cashless Nigeria Project”. Data obtained by Quartz from Nigeria Inter Bank Settlement System (NIBSS) confirm the growth in POS transactions as well … Continue reading

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Baidu Follows Alibaba And Tencent To Enter China’s Banking Sector – China Money Network

The largest Internet firms in China now own digital banks as subsidiaries! The leaders in one sector of the economy trying to take over another sector!!Chinese search engine and Internet company Baidu Inc. said it had obtained regulatory approval to … Continue reading

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A Selfie to Verify your MasterCard? Why Not | Retail News Asia

Mastercard extends “selfiebanking” to Asian countries. Great for cybersecurity.This should reduce cyber fraud if it works well!!Moving from social media to commerce, the “selfie” is about to become verification for online transactions for Mastercard users. An executive of the credit-card … Continue reading

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UBA Empowers MSMEs with Masterpass QR Payment | Middle East/Africa Hub

UBA launch first merchant app in Nigeria and the rest of Africa that will connect 100,000 micro merchants to formal economy by early 2017 United Bank Africa (UBA) has introduced its first merchant-focused app in Africa with the aim of … Continue reading

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Paytm, India’s Top Mobile Payments Firm, Gets Approval To Launch Its Own Digital Bank | TechCrunch

First Airtel then Paytm! The diversification of Telcos, Mobile Payments firms and Internet based firms (like Alibaba) into digital banking and other financial services is great for financial inclusion in emerging economies. Other emerging economies should take a cueIndia leading … Continue reading

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Investing In Digital Innovation | News and insight | HSBC Holdings plc

This is clear evidence that the key to success in responding to disruption in the financial services sector is via partnerships with Fintech firms and government agencies. HSBC is working with the Hong Kong Applied Science and Technology Research Institute … Continue reading

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Top Ten Digital Bank Initiatives in 2016 » Banking Technology

2016 was a great year for digital-only/challenger banks. Some interesting stories about startups in the article. Source: Top ten digital bank initiatives in 2016 » Banking Technology

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