Postbank becomes licensed financial services provider

Postbank becomes licensed financial services provider

Communications and digital technologies deputy minister Mondli Gungubele. (Image source: GCIS) Postbank has been registered as a licensed financial services provider with the Financial Sector Conduct Authority. The licence, issued under the Financial Advisory and Intermediary Services Act, authorises Postbank to provide financial advice and intermediary services relating to financial products within a regulated framework….

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Africa: Nsia Group Creates Financial Holding to Centralize Banking Operations

Africa: Nsia Group Creates Financial Holding to Centralize Banking Operations

NSIA Group is restructuring its financial services business with the creation of NSIA Holding Financière, a new entity designed to centralize its banking and financial activities. The move follows a strategic reorganization launched in 2025 aimed at improving operational coordination and supporting expansion across African financial markets. The group said the new structure will serve…

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Africa: Nsia Group Creates Financial Holding to Centralize Banking Operations

Africa Infrastructure Financing Facility Launched to Strengthen Continental Financial Sovereignty

African Heads of State and Government on February 14, 2025, formally launched the Africa Infrastructure Financing Facility (AIFF), a coordinated, Africa-led platform designed to accelerate the preparation and facilitation of financing for priority cross-border infrastructure projects aligned with Agenda 2063. The launch took place during the Third Presidential High-Level Dialogue of the Alliance of African…

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Rimini Street Announces Fiscal Fourth Quarter and Annual 2025 Financial and Operating Results

Rimini Street Announces Fiscal Fourth Quarter and Annual 2025 Financial and Operating Results

About Rimini Street, Inc.  Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a proven, trusted global provider of end-to-end, mission-critical enterprise software support, managed services and innovative Agentic AI ERP solutions, and is the leading third-party support provider for Oracle, SAP and VMware software. The Company has signed thousands of IT service contracts…

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Regulators, innovation clash in African financial sector

Regulators, innovation clash in African financial sector

The African Financial Industry Barometer 2025 depicts a sector at a technology inflection point. (Image created using GenAI via ChatGPT) Africa’s financial sector is in the midst of a pronounced technological transformation, with digital innovation now being central to organisations’ competitive strategy. However, firms struggle to fully mature their tech adoption and face hurdles in…

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Financial institutions launch Rand-backed stablecoin

Financial institutions launch Rand-backed stablecoin

ZARU’s reserves are independently audited monthly, ensuring transparency and stability for institutional participants. (Image created using GenAI via ChatGPT) A consortium of South African financial and fintech firms has introduced ZAR Universal (ZARU), an institutional-grade stable coin pegged to the South African Rand. According to a statement, ZARU aims to modernise payments and financial infrastructure,…

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