MFS Africa, the leading Pan-African fintech company, today announced that its MFS Hub is now connected to 120 million mobile wallets in Sub-Saharan Africa. Through partnerships with mobile network operators including Airtel, Econet, MTN, Orange, Tigo and Vodafone, MFS Africa now has unparalleled reach into mobile wallets across the continent. The MFS Hub scales transactions across networks and borders to create greater value for customers and service providers, support regional and international trade, and boost financial inclusion. 

 Ingenico Group, the global leader in seamless payments, today announced details of its innovative multichannel payment solution for footwear retailers, Brantano and Jones Bootmaker. The offering has been implemented specifically to support the ambitious growth plans of the two retail brands.

 New research has found that the millennials classification is not a meaningful way for financial institutions and FinTechs to understand those aged between 18 and 34. The findings suggest that younger and older millennials have divergent financial priorities, exhibit disparate financial behaviours, especially around digital finance, and have different tolerance levels for customer experience issues. Financial services providers need to re-evaluate how they market to and serve this demographic. 

Financial IT speaks with Bruno Cambounet,VP Finance Services and Insurance industries global programs at Axway​.

As deadlines loom for a plethora of new accounting and regulatory frameworks, firms across Europe, Asia Pacific and the Americas must ensure they have the right finance, risk and regulatory reporting management structures and systems in place to meet the challenges ahead.

PayKey, a social Fintech company that enables banks to provide their users with peer to peer payment options through any social and messaging platform, today announced a $6 million Series A funding round co-led by leading global venture capital firm, e.ventures and Gaby Salem of Wharton Asset Management, with investments from new investors, including financial-sector leaders CommerzVentures, Mastercard and Santander InnoVentures, Digital Leaders Ventures, and follow on investment from Magma VC.

Meed announced today the launch of its innovative mobile banking program together with Maritime Commercial Joint Stock Bank (Maritime Bank) of Vietnam. With its new platform now live, Meed is able to offer its target segment of underserved but digitally savvy individuals access to banking and payment services through a subscription model that is consistent with how they consume other digital services today.

Ahead of the Government’s Autumn Statement, alternative assets platform CoInvestor urges the Chancellor not to move further away from the pensions freedoms which have given investors more control and choice over their investments.

Nearly half (48%) of mass affluent Britons benefitting from the Government’s changes to pensions legislation in 2015, said this was because it gave them control of their own investments, research carried out by YouGov has found.

Dynamics of digital