Western Union, a cross-border, cross-currency money movement and payments, announced it has expanded real-time digital payout capabilities into 100 countries reaching billions of bank accounts.i For decades, Western Union already paid out in minutes into 550,000 agent locations in 200 countries and territories. The goal to expand real-time payout...
Moody’s Analytics has won the Climate Risk category in the 2021 Chartis RiskTech100®, the first year this category has appeared. It’s one of 10 awards for Moody’s Analytics to go along with the #2 overall ranking. The Moody’s Analytics offering helps customers first identify whether they have exposure to climate...
VFD Group Plc, has been nominated in two categories in the forthcoming BusinessDay Banks' And Other Financial Institutions (BAFI) Award. Incorporated eleven years ago, VFD Group holds businesses in financial advisory, real estate, asset management, currency exchange, debt services, international settlement and remittances, among others, and is nominated in the 'Diversified...
With the world and the Asia-Pacific region undergoing profound changes, China has called for joint efforts to build an Asia-Pacific community with a shared future featuring openness, inclusiveness, innovation-driven growth, greater connectivity, and mutually beneficial cooperation. China highly values the role of the Asia-Pacific Economic Cooperation (APEC) and will continue...
Visa adds new Partner Toolkit and Visa Ready Fintech Enabler certification to Fast Track program Fast Track program grows 360% year-over-year, supports accelerating industries including digital wallets, financial inclusion, business-to-business (B2B) and digital currency payments Visa has introduced a Fast Track Partner Toolkit designed specifically for fintech partners who onboard with...
Regtech Africa, an emergent global digital tech media platform with a niche focus on regulatory technology innovations in Africa and around the world has announced a strategic partnership with Total RegTech Solutions, a CRG firm with proven track records and cutting edge solutions to improve business productivity. With the partnership...
The African Development Bank (AfDB) has developed a three-year project in response to demands by member countries for technical assistance to monitor revenues generated from their extractive industries. The AfDB made this known during a virtual inception workshop for the Financial Modelling Project in the Extractive Sector (FIMES) organised by...
The nation’s bourse resumed trading for the week on a bullish trend with the All-Share Index crossing the 32,000 mark following interests in blue chips. Specifically, the All-Share Index rose by 1,226.88 or 3.96 per cent to close at 32,243.05 compared with 31,016.17 achieved on Friday. Accordingly, month-to-date and year-to-date gain...
The financial institution raises yields on cryptocurrency savings and introduces Earn in NEXO feature as part of tokenomics model overhaul Nexonomics Nexo, the leading regulated financial institution for digital assets, today announced a two-fold increase on savings interest rates for cryptocurrencies BTC, ETH, XRP, BCH, LTC, EOS, LINK, XLM, TRX,...
Company to Accelerate Global Expansion and Artificial Intelligence Investment for its Cloud Video Surveillance Platform Eagle Eye Networks, the cloud video surveillance company, has raised $40 million of Series E funding from venture capital firm Accel (Facebook, Spotify, DocuSign) to continue its growth and expand its technology leadership. Eagle Eye...
Expands Bank, Wallet and Card Payout with Real-Time Capabilities advancing Global Digital Network to meet Growing Customer Demand Western Union (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, announced it has further expanded its global digital network for funds payout and increased the availability of real-time...
Earlier this year, the World Bank forecasted that in the wake of the Covid-19 economic crisis, remittance flows to Sub Saharan Africa would fall by 23.1%. However today, WorldRemit, the global online money transfer service has reported that the demand for their remittance services to Zimbabwe continues to grow...
KPMG International today announced that William (Bill) B. Thomas has been unanimously reelected to serve a second term as Global Chairman & CEO of KPMG. Following a decision by the Global Board, one year ahead of schedule, to extend Bill’s term, his current tenure will now extend to September...
Gov. Bello Matawalle of Zamfara says that his administration has entered into a N5 billion gold supply deal with the Central Bank of Nigeria (CBN). The governor made the disclosure on Tuesday in Gusau, at a press conference to present the 31-kilogramme Zamfara processed gold. He said that the state government...
~ Capital to be used for further global expansion after revenue quadrupled in 2020 ~ Sees participation from existing investors and multiple global investors Servify, the device lifecycle management platform that integrates multiple OEM Brands and their sales and service ecosystem to deliver great after-sales service experience today announced that they...
ACI and Mastercard will begin their collaboration by working together to offer industry-leading technology and expertise to central banks, scheme operators and market participants to fast-track the migration and modernization of real-time payment solutions around the world ACI Worldwide, a global provider of real-time digital payment software and solutions, and...
As the Nigerian economy contends with the effect of the COVID-19 pandemic, the manufacturing Purchasing Managers’ Index (PMI) has further contracted for the fifth consecutive time at 46.9 index points. Manufacturing PMI for August sood at 46.5 index points. This is contained in the Central bank of Nigeria (CBN) PMI survey report...