AI-native developers are in demand. (Image created via ChatGPT) Fintech firms are competing for the same small pool of specialised skills, from AI-native developers, to staff who understand high-speed payment systems. Lesaka says it has little trouble attracting scarce fintech skills, while Altron FinTech has long timelines to fill a specialised vacancy. “We’ve been able…
Endeavor South Africa MD Alison Collier For most of the past decade, a South African tech founder looking to sell had to hope a foreign buyer came knocking. That has changed – and it is the country’s banks doing the knocking. Newly released research by the SA SME Fund, Endeavor South Africa and industry body…
Lineshree Moodley, country head of Visa South Africa. Visa’s newly launched Johannesburg data centre is gaining strong uptake from South African banks and fintechs, emerging as a core component of the country’s payments ecosystem. Launched in July, the data centre is Visa’s first on the African continent. It forms a major part of a R1…
Annelene Dippenaar Fintech companies have taken a boots-on-the-ground approach to providing fit-for-purpose financial services in township and rural economies – and that’s helping them outpace the banks and drive digital adoption at higher rates. This is according to Annelene Dippenaar, legal, risk and compliance officer at Shop2Shop, who told TechCentral in an interview that fintechs…
Rapid changes in the payments landscape across Africa are challenging traditional banks, which are being forced to adapt quickly to new modes of facilitating transactions such as mobile money and cryptocurrencies. This is according to the Standard Bank Corporate and Investment Banking (CIB) Payments in Africa white paper released last week, which found that increased…
Fintechs choose cloud technologies in the hopes that the efficiency and scalability of cloud computing will give them a competitive advantage. But cloud adoption is no silver bullet. If done incorrectly, a migration to the cloud can cause costs to balloon instead of decreasing them, leading to frustration and even lost revenue. Kinetic Skunk is…
Alex Forsyth-Thompson, founder and CEO of Float. Float, a card-linked instalment platform, is collaborating with payment solutions provider, Adumo, to offer consumers the option to pay in store over four interest-free monthly instalments using the available limit on their credit card. According to Float, the alliance enables an improved shopping experience at a range of…
