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Nigerian e-commerce startup NEO Store shifts from social to web-based platform
Nigerian Banks Bet on Tech Investment to Lead Post-Recapitalisation Era
Huawei Launches AI Finance Program to Speed Up Bank Digital Transformation
South African fintech launches AI-powered reconciliation platform for retailers
Flutterwave launches naira travel card for Nigerian diaspora
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AI Drives Regtech Boom Across Sub-Saharan African Financial Sector
AI-powered regulatory compliance tools are seeing rapid adoption across Sub-Saharan Africa's financial sector, with 62% of institutions now using AI for anti-money laundering and significant reductions in false positives. The trend is supported by regional integration initiatives and new regulations, while blockchain and cloud-based solutions continue to gain traction.
Capitec Bank launches API-driven recurring payments with Stitch in South Africa
Capitec Bank has partnered with fintech Stitch to launch Variable Recurring Payments (VRP), allowing customers to automate subscription and bill payments through API integration. The system represents one of South Africa's first large-scale API-driven recurring payment solutions, marking a significant step in the country's digital payments transformation.
Flutterwave acquires Mono in major African open banking consolidation
Flutterwave has acquired Nigerian open banking infrastructure provider Mono in a strategic move to consolidate essential fintech infrastructure. The deal maintains Mono's position as a neutral provider while bringing its banking connectivity, financial data, and identity verification capabilities under Flutterwave's operational control.
