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Tag: FinTech

Blockchain in Africa

How Blockchain is Transforming Africa: From Financial Inclusion to Transparency

Africa, a continent rich in potential and resources, is transforming digitally through blockchain technology. Once plagued by inefficiencies and bureaucratic challenges, African economies leverage blockchain to bring transparency, accessibility, and empowerment to areas previously constrained by outdated systems. The Challenges Before Blockchain Historically, Africa has faced numerous hurdles that stifled economic growth: Kenya’s Financial Inclusion…

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Africa Tech Festival Awards 2024

Africa Tech Festival Awards 2024

The Africa Tech Festival Awards 2024 took centre stage on 13 November 2024 at the picturesque Bay Hotel in Camps Bay, Cape Town. This annual celebration honoured groundbreaking technological achievements, innovative projects, and visionary leaders transforming Africa's tech landscape. Led by Ciara McDonald Heffernan, Senior Conference Producer, the event brought together industry leaders and innovators,…

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Quidax sponsors blockchain conference

Quidax Sponsors BusinessDay’s Blockchain Conference: A New Era for Nigeria’s Cryptocurrency Industry

BusinessDay's annual blockchain conference, a key event in Africa's digital development, will take place on September 11, 2024, at the Radisson Blu in Victoria Island, Lagos. This year's theme, "Building Africa's Future: Harnessing Blockchain for Social and Economic Transformations," emphasizes the significant impact blockchain technology can have on the continent's growth. The conference presents a…

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AI in Klarna

How AI Is Shaping Klarna’s Future: Workforce Reductions and Increased Pay

Klarna, the buy now, pay later company, plans to significantly reduce its workforce through efficiencies gained from artificial intelligence (AI). After cutting its staff from 5,000 to 3,800 over the past year, Klarna aims to reduce its staff further 2,000 by leveraging AI in marketing and customer service. CEO Sebastian Siemiatkowski highlighted that these job…

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Ericsson MTN mobile financial services

How Ericsson and MTN are Revolutionising Mobile Financial Services

Michael Wallis-Brown, Group Head for Ericsson Mobile Financial Services, recently highlighted Ericsson and MTN's unique and game-changing collaboration. Unlike any other, this partnership is pioneering advancements in mobile financial services across the African continent. Key Partnership Highlights: Foundation for Mobile Money: Ericsson provides a robust infrastructure and software platform to support MTN's mobile money services…

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Flutterwave Security Breach

Flutterwave Security Breach

In a recent security incident, Flutterwave, a leading African fintech company, lost between ₦ $11 billion ($7 million) and ₦ $20 billion ($13.5 million) due to unauthorized transactions. This breach occurred just one month after Flutterwave obtained a court order in February to recover $24 million lost in a previous security breach last October. The…

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