Members of Parliament are pushing for the delinking of mobile money services from telecommunication firms and their registration as separate commercial banks in a move that could alter the competition landscape for digital cash providers. If MPs have their way, the telecommunications regulator, the Communications Authority of Kenya (CA), will be compelled to ensure that …
Category Archives: Cloud computing
SACCOs urged to embrace ICT best practice.
The growth trajectory gained by deposit-taking Savings and Credit Cooperatives (SACCOs) in 2017 was according to key financial growth parameters appealing.With total assets increasing to Ksh 442.27 billion in 2017, it reflected a growth rate of 12.4 percent from the previous year. The total loans shot to Ksh 331.2 billion reflecting a hike of 11.29 …
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Visa and Branch collaborate to expand financial access across Sub-Saharan Africa
Visa, the global payments technology company and Branch, the most downloaded finance app in Africa, have announced a partnership that will see virtual Visa prepaid debit cards offered to over 2 million consumers in Sub-Saharan Africa. This partnership represents Visa’s broader strategy to collaborate with and invest in rapidly growing FinTech companies that are reaching consumers and merchants not previously …
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Standard Bank Group Selects AWS as Its Preferred Cloud Provider
Amazon Web Services, Inc. (AWS), an Amazon.comcompany, has announced that Standard Bank Group has selected AWS as its preferred cloud provider with the intention of migrating its production workloads, including its customer facing platforms and strategic core banking applications to the cloud.Standard Bank Group will leverage AWS services, including data analytics and machine learning, to automate …
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MEST Africa and Microsoft announce 2019 Pan-African Tech Summit in Nairobi
MEST Africa ,the Pan-African entrepreneurial training program, seed fund and incubator, has officially announced its fourth annual MEST Africa Summit, in collaboration with Microsoft. The 3-day event will take place in Nairobi, Kenya from June 10 – 12, 2019, at the Radisson Blu Hotel as well as the home of MEST Africa’s Nairobi incubator – …
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