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Technology & Innovation Archives - Inside Business Africa
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Technology & Innovation

First Bank Unveils a Fully Automated Self Service Branch, Strengthens Digital Transformation In Nigeria

First Bank Unveils a Fully Automated Self Service Branch, Strengthens Digital Transformation In Nigeria

Business, Corporate Stories, Innovation, Technology & Innovation
First Bank of Nigeria Limited, Nigerias premier and leading financial inclusion services organisation has announced the launch of its fully automated branch, called the FirstBank Digital Experience Centre. It is provided to put customers at an advantage in carrying out various activities on their own without interacting with anyone. The branch is a reinvention of digital banking solutions in the country as customers are exposed to a seamless world-class banking experience. The self-service branch is built with a wide range of phased modern banking facilities which include humanoid robots equipped with Video Banking and Artificial Intelligence (AI), taking on the role of friendly branch staff; Teller Cash Recyclers (TCRs); Self-Service kiosks for non-financial transactions such as a...
Fintech TagPay rebrands as Skaleet!

Fintech TagPay rebrands as Skaleet!

Business, Corporate Stories, Innovation, Technology, Technology & Innovation
From today, TagPay will be known as Skaleet (Skaleet.com), an international fintech company offering a back-end technology platform. Its core banking platform is fully interactive with an ecosystem of banks, fintechs and technology partners. It has the speed and agility required to quickly launch new personalized services to the market. Skaleet’s ambition is to bridge the gap between complex financial products and customers’ changing needs. In this new digital world, Skaleet helps financial institutions become faster and more agile in adapting to their customers’ changing needs by offering innovative services. Our range of services allows banks, neobanks and fintechs to stay in the race against the Big Tech threat that is attempting to dominate this market. Skaleet’s platform offers...
Orange inaugurates the 5th Orange Digital Center in Africa and the Middle East with the German Development Cooperation and collaborates with Amazon Web Services to support youth employability, innovation and entrepreneurship

Orange inaugurates the 5th Orange Digital Center in Africa and the Middle East with the German Development Cooperation and collaborates with Amazon Web Services to support youth employability, innovation and entrepreneurship

Business, Corporate Stories, Innovation, Technology & Innovation
Two days ago Orange (Orange.com) and the German Development Cooperation are inaugurating an “Orange Digital Center” in Abidjan, an ecosystem entirely dedicated to the development of digital skills and innovation, attended by the highest political and administrative authorities from Côte d’Ivoire, the Ambassador of Germany in Côte d'Ivoire, GIZ and members of the board and Orange Group Executive Committee led by its Chairman and CEO Stéphane Richard. Spread over 1200 sq.m for Côte d’Ivoire, the Orange Digital Center brings together the four strategic programs of the Orange group, namely: a coding school Orange Digital Academy, a FabLab Solidaire – part of the Orange Foundation's digital manufacturing spaces–, an Orange Fab start-up accelerator and Orang...
Global Forum Secretariat, African Development Bank and World Bank Group deliver new manual on Exchange of Information for tax purposes

Global Forum Secretariat, African Development Bank and World Bank Group deliver new manual on Exchange of Information for tax purposes

Business, Economy, Innovation, Technology & Innovation
The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum), the World Bank Group and the African Development Bank (www.AfDB.org) have jointly published a new version of the Manual on Exchange of Information (https://bit.ly/3CovIgS), in order to support tax authorities. Exchange of information (EOI) is an essential tool for tax authorities worldwide to ensure that all taxpayers pay the correct amount of tax. The manual can easily be tailored to address a jurisdiction’s specific needs The previous edition of the manual, issued in 2013 by the Global Forum and the World Bank Group, was dedicated to exchange of information on request and spontaneous exchange of information. This new edition covers a broader range of exchange-of-information tools, such...
29% of corporate users in Kenya experienced financial malware attacks in the first half of 2021

29% of corporate users in Kenya experienced financial malware attacks in the first half of 2021

Business, Corporate Stories, Technology, Technology & Innovation
Although Kaspersky’s (https://africa.Kaspersky.com) research shows that the overall number of financial malware attacks in Kenya has decreased in the first half of 2021, when compared to the same period in 2020, 29.3% of the 7 962 attacks recorded in the country targeted corporate users, which is a cause for concern, warn Kaspersky experts. “As local businesses have continued to adjust to remote work scenarios and the rest of the circumstances surrounding the COVID-19 pandemic, we have continued to witness cybercriminals using this to their advantage, exploiting the situation however they can. When looking at such statistics, we believe it is evident that cybercriminals are more commonly targeting unsuspecting corporate users in Kenya as a way to compromise corporate systems,” says Bet...
Silkbank Goes Live with Temenos Infinity to Supercharge Digital Banking in Pakistan

Silkbank Goes Live with Temenos Infinity to Supercharge Digital Banking in Pakistan

Business, Finance, Innovation, Technology & Innovation
Pakistan’s Silkbank reimagines digital banking for retail and business customers with AI-powered Temenos Infinity to accelerate adoption, build engagement and drive market growth; digital banking powered by Temenos Infinity will help Silkbank to attract and retain customers and drive customer growth. Temenos (SIX: TEMN), the banking software company, today announced that Silkbank, a leading commercial and Islamic bank in Pakistan, has gone live with Temenos Infinity, the world’s #1 best-selling digital banking platform, to power up its digital banking for retail, corporate and SME customers. Temenos Infinity enables Silkbank to offer seamless digital onboarding and get to market quickly with ready-to-go digital banking features designed to attract new customers and increase customer en...
PHANTOM X Flagship Smartphone Illustrates the Impact of Bold and Extraordinary Design Through Series of Mini Films

PHANTOM X Flagship Smartphone Illustrates the Impact of Bold and Extraordinary Design Through Series of Mini Films

Business, Innovation, Technology & Innovation
TECNO Mobile (TECNO-Mobile.com) has launched PHANTOM, a bold sub-brand in TECNO’s latest chapter of extraordinary innovation; Produced by premium technology brand TECNO Mobile, a series of impactful films have been released to celebrate the launch of Phantom and its flagship handset PHANTOM X, to highlight the extraordinary creativity achieved through bold technology; PHANTOM BRAND FILM With creativity and excellence at its core, PHANTOM has worked with three artistic creators to spotlight PHANTOM’s brand spirit of rejecting the ordinary in everyday life, these include Eoin Dillon, founder of fashion label Reuben Avenue, plus artist Alexander James and model / designer Lucy Evans; PHANTOM X PRODUCT FILM A second film has also been released, focusing on the key product ...
The Fourth Industrial Revolution: Fintech in Nigeria

The Fourth Industrial Revolution: Fintech in Nigeria

Innovation, Technology, Technology & Innovation
“The changes are so profound that, from the perspective of human history, there has never been a time of greater promise or potential peril.” – Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. We are currently witnessing the new dawn of a universal technology revolution which is known as the” Fourth industrial revolution”. The Fourth Industrial Revolution or Industry 4.0 is the reformation of the traditional and industrial manufacturing practices involved with the latest technology. It is mainly used in Internet of Things (IoT) deployments and large-scale machine to machine communication (M2M) to enhance communication, increase automation, as well as diagnosing and analysing smart machines without human monitoring or involvement. According to Kl...
CBN issues new licence and capital requirements for FinTechs

CBN issues new licence and capital requirements for FinTechs

Economy, Technology, Technology & Innovation
The Central Bank of Nigeria (CBN) has published new license requirements for Payment System operators in the country. This disclosure is contained in a document released by the apex bank on Monday, May 24, 2021 stating the eligibility criteria for each licence category in the country. The categories listed include the Payment Terminal Service Provider (PTSP), Payment Solutions Service Provider (PSSP), Payment Solution Services (PSS), Super Agent Licence, Mobile Money Operator (MMO), Switch and Processing Licence. The new licence requirements make provisions for capitalization of each service category, documentation, application and licence fee and the licence validity. What this means: Potential applicants into Nigeria’s lucrative financial services sector will ...
Vertiv launches Next-Generation Mid-size UPS System for Critical Applications

Vertiv launches Next-Generation Mid-size UPS System for Critical Applications

Technology & Innovation
Vertiv (NYSE: VRT) (https://bit.ly/2Rs6jkt), a global provider of critical digital infrastructure and continuity solutions, today introduces Vertiv™ Liebert® EXM2 (https://bit.ly/3xQNc4m), a three-phase monolithic uninterruptible power supply (UPS) providing double conversion efficiency up to 97%, which further increases up to 98.8% with the dynamic online mode. With power capacity ranging from 100 to 250 kVA and a compact and flexible footprint, the system is designed for a wide range of applications, including metros and railways, healthcare, light industrial, commercial offices and medium size data centers. It is currently available in Europe, the Middle East and Africa (EMEA) and select countries in Asia Pacific and India. Liebert EXM2 delivers technological advancements t...