Author: Akin Naphtal

Checkout.com, the cloud-based payments service provider, today announces the next evolution in the fight against fraud with Fraud Detection Pro, a fully flexible solution used by businesses such as Curve and Delivery Hero to solve the rising problem of online payments fraud and optimise revenues. As the trend of consumers shopping and managing their finances online continues to grow, online fraud is increasingly impacting businesses. In 2021 online fraud increased by 285%, with businesses globally losing $20bn and, in the UK alone, £1.3bn was defrauded from businesses over the year. The problem shows no signs of slowing down with businesses…

Ebury, one of Europe’s largest fintechs and global provider of transaction payment solutions, has established a branch in Luxembourg, registered under CSSF regulations to support managers in the alternative investments sector. For entities being set up in Luxembourg, Ebury provides a variety of services such as issuing certificates which are required by local regulations to prove that funds have been blocked until company formation is complete. The office will allow Ebury to address growing demand from corporate service providers and alternative investment fund managers for better cross-border payment services than those offered by traditional institutions. Luxembourg is a globally recognised…

First Abu Dhabi Bank (FAB), a based UAE bank announced a partnership with Coriolis Technologies to provide sustainable supply chain solutions for clients. The engagement will further enhance FAB’s sustainability strategy by leveraging Coriolis’ sustainability-related data analytics and sustainability rating. Shargiil Bashir, Chief Sustainability Officer at FAB said, “The partnership between FAB and Coriolis fully illustrates the bank’s sustainability drive and one of its strongest strategic foundations – to support its clients’ transition to net zero through innovative finance solutions. This cooperation gives FAB an opportunity to enable the bank’s customers to gain greater understanding of their supply chains and…

Highly rated tech magazine, TechBerg has unveiled Ghana’s Minister for Communications and Digitalization, Mrs Ursula Owusu-Ekuful, as its Woman in Tech Wednesday (WTW). WTW, one of the most high-profile tech personality ratings is a weekly review and rating of female tech personalities across the globe. It’s a special publication based on critical analysis and facts in the tech space. As the Minister of Communications, she has oversight of the government’s infrastructure programme for the ICT Sector, the development of a robust framework to support the digitalisation of the economy and the scaling up of e-government services with national broadband and…

Dutch challenger bank Bunq has hailed a “landmark” verdict in the Dutch courts over the use of artificial intelligence (AI) for anti-money laundering processes. The Dutch Central Bank (DNB) had originally prohibited Bunq’s use of AI and machine learning to conduct AML monitoring – a move that led Bunq to sue the central bank. The court has subsequently sided with Bunq. According to the bank, the unusual step of suing its banking supervisor was based on the potential “long-term detriment” to its users and the stability of the banking system as a whole had it “yielded to DNB’s anti-money laundering…

Flutterwave, Africa’s leading payments technology company, announced the appointment of Marshall Lux, former JP Morgan Chase Chief Risk Officer of all consumer products, BCG and McKinsey Senior Partner, as Senior Advisor. He has extensive experience in model building, stress testing, portfolio management and optimization, line setting and increases, fraud, regulation, cyber, operations risk, and the like. Marshall brings a breadth of experience from over 30 years in financial services. At McKinsey, he served financial service clients across a variety of subsectors and led the firm’s Risk, Technology and Private Equity practices. After McKinsey, he served as Chief Risk Officer for…

OneConnect Smart Technology, a technology-as-a-service provider and an associate of Ping An Group, has announced the launch of OneCosmo, a one-stop omni platform for all-in-one digital banking solutions, in the United Arab Emirates. It was jointly developed with Brazil-based tech company Pismo. OneCosmo allows customers to launch financial products in a matter of weeks due to pre-integrated and pre-configured features. It also enables real-time data streaming for greater insight into consumer behaviour through data analysis. OneCosmo is a flexible and microservices-led API-driven platform offering financial institutions the freedom to customise the solutions suite to meet their individual needs. To date,…

GNY, the leading blockchain based machine learning business, has launched the GNY Mobile Wallet, allowing users to access the GNY blockchain conveniently through their Android and IOS mobile devices. The GNY Mobile Wallet allows users to manage their GNY assets and vote for the delegates that secure the GNY blockchain network. Users can also create new tokens on the GNY Mainnet network all from the convenience of their mobile devices. The GNY Mobile Wallet was developed by The Distance, an award winning UK-based mobile app developer.The Distance combined GNY’s futuristic aesthetic and cutting edge technology to bring access to the…

Egyptian B2B trucking marketplace Trella has secured a further significant debt facility from ALMA Sustainable Finance (ALMA) and the US International Development Finance Corporation (DFC) to support the growth of its operations. Founded in 2018, Trella is a B2B technology platform and trucking marketplace connecting shippers with carriers in real-time. Active across the Middle East and Pakistan, the startup has more than 350 shipper partners including blue-chip brands such as Coca-Cola, Maersk, Mondi, Henkel, Amazon, and DHL. It also has over 30,000 carrier partners. In June last year Trella had completed a US$42 million Series A funding round, comprising US$30…

Ghana’s biggest Tech industry awards, Ghana Information Technology & Telecom Awards (GITTA) now in its 12th edition has unveiled a comprehensive GITTA Winners League Table, showcasing brands that have participated and won awards in the last 12 years. The 12th Edition of the Awards is set to be held this weekend October 21, 2022, in Accra. The organiser of the Prestigious Awards event, Instinct wave is making a passionate appeal to businesses that are yet to incorporate the use of technology in their operations to do so before losing out. According to the Chief Executive, Akin Naphtal, the digital world…