Author: Akin Naphtal

Spectra Logic, a leader in data management and data storage solutions, today announced a modern archive solution for organisations that must manage and preserve massive amounts of data for long-term retention purposes. The new solution, called Spectra Digital Archive, is powered by Spectra StorCycle®, an enterprise software designed to easily and cost-effectively archive data at scale. Spectra Digital Archive enables organisations to manage and archive terabytes to petabytes of unstructured data, digitally preserving that data on any combination of disk, tape and cloud, without sacrificing reliability or data availability. The Spectra Digital Archive solution provides policy-driven automation that scales to…

The National Bank of Kenya (NBK) has announced the appointment of George Odhiambo as the Managing Director. This appointment comes after the position was held in an acting capacity by Peter Kioko, the Finance and Strategy Director since June 2022. George Odhiambo is a seasoned banker and the outgoing MD of BPR Bank Rwanda Plc since its inception last year, following the merger between KCB Bank Rwanda Plc and Banque Populaire du Rwanda. He has previously held various leadership roles in banks both locally and internationally. George Odhiambo holds an MSc in Pure Mathematics and BSc in Mathematical Statistics from…

Ebo Richardson is an award-winning change catalyst and business leader, who has delivered digital, people, and process transformations for various organisations – large and small. His skill and passion is helping organizations of all kinds to maximize their technology, digital, people and brand-related investments, and he has a verifiable track-record of co-creating sustainable stakeholder value, enabling growth, and delivering cost and operational efficiency. In his 24 years cross-industry experience in both developed and emerging markets, he has delivered large-scale transformations, managed critical business operation hubs, built functions from scratch, delivered high-performing teams, and developed top peer-group performers and new leaders.…

One of the UK’s most active private equity firm Maven has said its North East division invested £15m in 2022 and secured an additional £17.5m in private sector finance. In the North, East Maven provided financial support to 18 companies in sectors including tech, green energy, deep tech, manufacturing and support services. It marks a record year of investment for Maven in the North East since it first opened offices in the region in 2017. “The North East continues to be a region full of opportunity for venture capital investment and the depth of talent and level of innovation across…

In an effort to accelerate digitization and boost entrepreneurship in Africa, Ghanaian financial platform services provider Fortek has entered into partnership with Codebase Technologies for its Software-as-a-Service (SaaS) Digibanc platform, as it looks to provide “affordable, accessible and transparent” digital financial services on the continent. Fortek plans to leverage the open API banking solutions provider’s Digibanc platform to “augment” its existing services and support new fintechs, banks and start-ups in their go-to-market capabilities for new digital services including instant lending, regulatory reporting, payments and buy now, pay later. It’s hoped the partnership will “accelerate digitisation” and boost entrepreneurship in Africa,…

Despite the challenging economic conditions in the fintech industry and global markets, Klarpay has established a solid foundation and implemented its business model to achieve results. According to the company, Klarpay experienced steady growth throughout the year, derived from strong demand for its services, closing the year with more than 120 corporate clients. The company reached monthly profitability only six months from launch in August 2022 and sustained this until the end of the year to close with an overall substantial annual profit. Speaking on the success, Martynas Bieliauskas, CEO and Co-founder of Klarpay said; “We are thrilled to have…

In a bid to accelerate digital transformation in the country’s financial services industry, the Central Bank of the UAE (CBUAE) has launched its Financial Infrastructure Transformation (FIT) programme. The CBUAE says the FIT programme consists of nine key initiatives to boost the UAE’s competitiveness as it looks to become a “financial and digital payment hub”. The programme is set for “full integration” by 2026. For the first stage, the central bank intends to launch a card payment platform “to facilitate the growth of e-commerce and digital transactions in the country”, an instant payments platform, an innovation hub and a central…

Swiss-based digital asset trading and investment firm Scrypt has announced the appointment of Marc Wäckerlin as chief technology officer (CTO). Wäckerlin brings more than 30 years of finance, software development and engineering expertise to the role, Scrypt says. Most recently, Wäckerlin was CTO and executive director at Swiss crypto bank Sygnum where he led the technology system redesign and managed the firm’s team of developers. As a software engineer at SwissSign, he developed client tools for Suisse ID and has “extensive experience” with software development at Siemens Schweiz AG. READ ALSO:Treepz Announce Expansion to Kenya Market, Raises New Investment UK…

Treepz, an organization that was in September 2019 in Nigeria, has announced to the public that it has further expanded its operations in East Africa, with a focus on Kenya. This announcement is coming after over a year it launched in Uganda and Ghana. The expansion to Kenya makes it the company’s fourth country it is operating from in 3 years. This new expansion follows investments made in Treepz in the last couple of months led by GIIG Africa Fund along with MoAngels, Roselake VC, Unpopular VC, Goodwater Capital and BKR Capital. There were also follow on investments from Treepz…

London-based embedded finance platform Omnio has raised €9 million in an ongoing fundraise targeting €12 million, allowing it to support the IPO roadmap for its banking-as-a-service business.The round is backed by fintech software stack developer Opentech and some of Omnio’s existing investors.Founded in 2018, Omnio is a cloud-driven banking-as-a-service platform. It enables financial service providers and others, such as consumer brands, to build, manage and report on retail financial products using digital software. Omnios’ offering includes specific software strands for end-to-end management of credit union banking products (Sercle), and managing loyalty rewards provided by consumer brands (Domec). Currently, the software…