Tag: Banks
Nigeria banks run to regulator for cover from Fintech
Nigerian banks’ dominance of their home turf is virtually unparalleled. Largely protected by regulators from foreign competition, Nigerian lenders control 94% of their domestic market,...
Fintech apps outperform banks during pandemic in 2020
A report from mobile analytics platform, App Annie indicate that in 2020, finance app downloads grew by 15% during the pandemic and mobile fintech...
MTN Nigeria considers pricing change after row with banks
MTN Nigeria has started consulting with domestic banks to secure a long-term agreement on a sustainable pricing structure for selling products.
The move is part...
MTN Nigeria payments access restored by banks
Banks have restored MTN Nigeria’s access to platforms needed for customer airtime purchases, which were temporarily halted in a tag of war over commissions.
Nigerian...
Forbes Fintech Awards 2020: Fintechs give banks a wake-up call
This past year was a whirlwind for fintech. The pandemic hit many businesses like a hurricane, with lenders suffering the most damage. But as...
US$5 billion fintech firm TransferWise posts fourth straight year of profitability
TransferWise, one of Europe’s most valuable private financial technology firms, just posted its fourth consecutive year of profitability.
The online money transfer service said this...
Market value of big Fintech companies rises to $1 trillion, more...
There may be a changing of the guard underway in financials as the value of Fintech companies begin to top that of traditional banks.
The...
UK banks sign pledge to support FinTech
Some of the UK's biggest banks have signed a government-backed pledge to improve collaboration with fintech firms.
Launched by Tech Nation with support from HM...
BoG sets October 1 for trading of Repos between banks
The Bank of Ghana (BoG) has set October 1, 2020 as the date when the trading of repurchasing agreements (Repos) between banks based on...
DreamOval to FinTechs: The way to survive in post-COVID era is...
Even though COVID-19 has caused a spike in digital financial transactions, it will take something more than just maintaining the status quo for Financial...