South Africa

NFT-Collateralizing South African Startup Raises $5 Million in Latest Seed Round

A South African startup, NFTfi, is reported to have recently raised $5 million which the company intends to use for boosting its business ...

By Regtech AfricaNovember 20, 20210

Nigeria

Nigeria: Purchasing Transformers, Poles not Responsibility of Electricity Consumers – FCCPC

The Federal Competition and Consumer Protection Commission (FCCPC), has declared that it is not the responsibility of electricity consumers/customers or communities to buy, ...

By Regtech AfricaNovember 20, 20210

Global

India Considers Allowing Only Preapproved Cryptocurrencies — Crypto Regulation Expected by Year-End: Report

India is reportedly considering allowing only preapproved cryptocurrencies to be listed and traded on exchanges. In addition, the government aims to both introduce ...

By Regtech AfricaNovember 20, 20210

Global

The Monetary Authority takes disciplinary actions against four banks for contraventions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance

The Hong Kong Monetary Authority (HKMA) announced today (19 November) that it had completed investigations and disciplinary proceedings for four banks under the ...

By Regtech AfricaNovember 19, 20210

Global

Network International and NPCI International sign MoU

UAE-based fintech Network International has signed a Memorandum of Understanding (MoU) with India-based NPCI International to discuss the acceptance of Unified Payments Interface in the UAE. The ...

By Regtech AfricaNovember 19, 20210

Africa

UniTeller and Thunes collaborate to expand services in APAC and Africa

US-based remittance payments processors UniTeller has partnered with Singapore’s global payments network Thunes to continue its global expansion in emerging markets in Africa and Asia Pacific. The ...

By Regtech AfricaNovember 19, 20210

Africa

Africa Health Holdings secures $18 million funding to drive telemedicine services

Healthcare startup Africa Health Holdings, has secured $18 million in a Series A funding round led by Asia Pacific Land and Natural World ...

By Regtech AfricaNovember 19, 20210

Innovation

Egypt: ADCB-Egypt launches AI-powered fraud detection solution through SAS

ADCB-Egypt and SAS have announced their partnership for the implementation of Egypt’s first AI-powered fraud detection solution aimed at enhancing the bank’s real time ...

By Regtech AfricaNovember 19, 20210

Rwanda

2 Rwanda tech startups raise seed funding from Norrsken East Africa

PesaChoice and Viebeg from the the Kigali-based Norrsken foundation With the beta opening of Kigali’s Norrsken House co-working spaces expected in December, the Norrsken Foundation ...

By Regtech AfricaNovember 19, 20210

Global

Brexit changes to take effect for payment transfers between UK and EU

The Financial Conduct Authority has reminded UK payment service providers to prepare for changes to the law affecting cross-border payments due to Brexit. The EU’s ...

By Regtech AfricaNovember 19, 20210