FINCA and Thought Machine Launch New Platform to Boost Financial Inclusion in Africa
FINCA, a global organisation based in Washington, D.C. focused on inclusive finance, has partnered with Thought Machine, a banking technology firm headquartered in London, to launch “361 by FINCA”, a new operating platform aimed at expanding financial inclusion, starting in Africa.
Financial services providers have long faced challenges in effectively serving low-income customers, often due to rigid product offerings and inefficient loan assessment and onboarding procedures.
The new platform, powered by Thought Machine’s Vault Core, introduces a more configurable and efficient system for financial services providers operating in emerging markets.
Read more: https://fintechnews.africa/45339/fintechafrica/finca-thought-machine-financial-inclusion-africa/
Why South African Fintech is Emerging as a Key Driver of Economic Growth
Fintech in South Africa drives fast economic transformation through its innovative and inclusive and scalable financial solutions. The space which used to be a startup niche has evolved into one of Africa‘s leading fintech ecosystems. Digital finance solutions have penetrated the entire economy through peer-to-peer lending and payment gateways and advanced trading platforms.
The financial market has become more accessible through copy trading because novice investors can duplicate seasoned traders’ strategies to enter complex markets at a lower cost while bringing new investors into the space.
Orange Bank in talks to sell fintech Anytime to Crédit Coopératif
Crédit Coopératif has signed a memorandum of understanding (MoU) with Orange Bank in France regarding the potential acquisition of its fintech subsidiary Anytime.
Orange Bank, a wholly owned subsidiary of Paris-headquartered telecoms giant Orange Group, acquired Anytime in 2020 to broaden its service offering for small and medium-sized enterprises (SMEs).
Founded in 2014, Anytime offers financial services for small businesses, self-employed workers, start-ups and charities. Since its acquisition, the fintech has expanded its product suite of business accounts and payment services to also include expense management tools.
Read more: https://www.fintechfutures.com/m-a/orange-bank-in-talks-to-sell-fintech-anytime-to-credit-cooperatif
Germany’s Giesecke+Devrient and US’ Daon Partner on Global Digital Identity Solutions
Giesecke+Devrient (G+D), a security technology company based in Germany, has entered into a global partnership with Daon, a digital identity firm headquartered in the US.
The agreement will see both companies collaborate across various sectors and technologies, with a focus on improving identity verification and biometric authentication.
The partnership aims to integrate Daon’s digital identity capabilities with G+D’s existing portfolio, strengthening the security of solutions offered to clients in banking, financial technology, telecommunications, and public sector digital identity programmes.
Read more: https://fintechnews.ch/fintechusa/giesecke-devrient-daon-digital-identity-partnership/76462/
Apple stopped over $2 billion in potentially fraudulent transactions in 2024
In the last five years, the App Store has protected users by preventing over $9 billion in fraudulent transactions, including over $2 billion in 2024 alone, according to Apple’s annual App Store fraud analysis.
This reflects the App Store’s continued investment in fostering the most secure experience for users while providing developers with tools and resources, including a powerful commerce system that helps customers transact safely and securely in 175 regions around the globe.
With an average of more than 813 million visitors a week, the App Store is a trusted destination for users to download their favorite apps and discover new ones.
Indonesia, China sign deals on industry, trade, local currency payments
JAKARTA – Indonesia and China signed multiple agreements on Sunday, witnessed by President Prabowo Subianto and Chinese Premier Li Qiang during the latter’s official visit to Jakarta.
The Office of the Coordinating Economic Minister inked a pact with China’s Commerce Ministry to strengthen supply chains and cooperation in the industrial sector. Another agreement was signed with the provincial government of Fujian to connect its industrial parks with two estates in Batang, Central Java and Bintan, Riau Islands.
The central banks of both countries established a framework for conducting bilateral transactions in local currencies.
Read more: https://asianews.network/indonesia-china-sign-deals-on-industry-trade-local-currency-payments/
