financial - eriinfo

KnowBe4 Report Reveals Global Financial Sector Faces Unprecedented Cyber Threat Surge

eriinfo.com2 weeks ago04 mins

KnowBe4, the world-renowned cybersecurity platform that comprehensively addresses human risk management, has released its latest research paper “Financial Sector Threats Report,” uncovering critical insights into the escalating cybersecurity crisis facing the global financial sector. The report shows that financial institutions face a perfect storm of AI-enhanced attacks, credential theft and supply chain vulnerabilities that pose…

South Africa’s venture capital ecosystem lacks financial muscle

eriinfo.com2 weeks ago011 mins

Local start-ups continue to encounter hindrances in accessing equity investment. Funding limitations within South Africa’s venture capital (VC) ecosystem have once again been thrust into the spotlight, with an executive openly stating it is undercapitalised. Patrick Krappie, executive: innovation enabling at the Technology Innovation Agency (TIA), made the comments at a recent roundtable engagement it…

Africa

Africa: Developed Countries Failing On Climate Change Financial Commitments – Mowe

eriinfo.com3 weeks ago03 mins

– Developed countries are not fulfilling their commitments to provide sufficient financial support for climate change action, according to Ethiopia’s Ministry of Water and Energy (MoWE). The ministry made the statement during the opening of the Pre-Africa Climate Summit 2 (ACS2) Water and Energy Exhibition, which aims to bring stakeholders together to forward solutions. In…

Fortinet reports second quarter 2025 financial results

eriinfo.com4 weeks ago06 mins

Highlights Revenue grew 14% year over year to $1.63 billion. Billings grew 15% year over year to $1.78 billion.1 Unified SASE ARR up 22% and Security Operations ARR up 35%, year over year.2 GAAP operating margin of 28%. Non-GAAP operating margin of 33%.1 Raised 2025 full-year billings guidance midpoint by $100 million. Fortinet, a global…

Why financial infrastructure needs to be rebuilt – from the inside out

eriinfo.com1 month ago04 mins

Deon Tromp South Africa’s financial services sector is under pressure to modernise – yet few businesses are solving the right problems. While digital banking apps and fintech interfaces have advanced rapidly, the underlying infrastructure often remains fragmented, outdated and over-reliant on rigid integrations. It’s a challenge Omnea knows well – and one the company was…

Africa

Africa: Financing for Development – Reforming Global Financial Systems Must Center African Women

eriinfo.com1 month ago08 mins

As the Fourth International Conference on Financing for Development (FfD4) concluded in Seville, Spain in early July 2025, global leaders adopted the “Seville Commitment,” reaffirming the urgent need to reform the international financial architecture, expand fiscal space, and advance gender equality. These commitments are timely and necessary. But without actionable and enforceable reforms, African countries—and African women…

Africa

Africa Charts Path to Financial Sovereignty – AUC Chairperson

eriinfo.com2 months ago03 mins

As the Global South gains influence, Africa is charting a new path toward financial sovereignty, shifting away from dependence on foreign aid, said African Union Commission Chairperson Mahmoud Ali Youssouf. Speaking at the 7th Mid-Year Coordination Meeting of the African Union in Malabo, Chairperson Mahmoud Ali Youssouf emphasized that the Global South, including Africa, is…

Africa

Africa: Breaking Chains – Africa Pushes to Overhaul Unfair Financial Order

eriinfo.com2 months ago09 mins

Africa is intensifying its calls for reforms to the global financial system, arguing that the current standards for accessing international concessional finance and building competitive financial institutions remain under the control of outdated frameworks that disadvantage the continent. During the African Union Commission’s 7th Mid-Year Coordination Meeting held in Malabo, AU Commission Chairperson Mahmoud Ali…

UCT financial innovation hub hackathon produces promising real-world solutions for payment challenges

eriinfo.com2 months ago08 mins

Hosted at the Hasso Plattner School of Design Thinking Afrika at UCT, 12 teams made up of students from UCT, Cape Peninsula University of Technology (CPUT), University of the Western Cape (UWC) and Eduvos took part. All competing not just for a prize, but for the opportunity to work with the Interledger Protocol (ILP) to…

Banking on LEO: Q-KON transforms financial services connectivity

eriinfo.com2 months ago04 mins

Q-KON, a leading provider of satellite communication solutions, recently shared the significant success and proven efficacy of its Twoobii-LEO satellite services, powered by Eutelsat OneWeb, in revolutionising connectivity for the financial services industry in South Africa. This innovative low-Earth orbit (LEO) satellite technology is transforming how South African banks ensure secure, high-speed and reliable communication…