Nigeria

Why CBN slashed monetary policy rate -MPC

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has explained why it slashed the monetary policy rate, popularly called lending rate, from ...

By Regtech AfricaMay 31, 20200

Startup

Pie Insurance Secures $127 Million Through Latest Investment Round

Insurtech startup Pie Insurance announced on Thursday it secured $127 million through its latest investment round. The companies that participated in the funding round ...

By Regtech AfricaMay 31, 20200

Regulatory

Regulation- A Surprising Catalyst for Innovation

Created in response to the global financial crisis, the Uncleared Margin Rules (UMR) are one of the most consequential regulatory events for the ...

By Regtech AfricaMay 31, 20200

News

Overfunding – Neobank for Africans Eversend Surpasses €550,000 in Funding Through Seedrs Round

Eversend, a Neobank for African, has successfully secured its initial €550,000 equity crowdfunding target through its Seedrs campaign. The company is now offering 7.67% ...

By Regtech AfricaMay 30, 20200

News

Standard Chartered Completes First Impact-Focused Subscription Finance Facility

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced earlier this week it completed its first-ever ...

By Regtech AfricaMay 30, 20200

Opinions

North American Fintech Firms have Better Access to Regulatory Sandboxes because of United-States-Mexico-Canada Free Trade Agreement – Report

More than $30 billion worth of transactions a year are carried out via the US-Mexico remittance corridor, which is notably one of the ...

By Regtech AfricaMay 30, 20200

Startup

New Israel-based Digital Bank Established by Tech Entrepreneurs to Begin Providing Services in 2021

A newly launched Israeli virtual bank founded by experienced tech professionals Amnon Shashua and Marius Nacht will begin offering banking services to clients ...

By Regtech AfricaMay 30, 20200

Regulatory

European Regulators Only Issued 34 Payment Institution and E-Money Licenses During First 5 Months of 2020, and 131 Such Permits During Same Period in 2019

The global economy has slowed down considerably during the past few months due to COVID-19. Many businesses and industries have been negatively affected, ...

By Regtech AfricaMay 30, 20200

Innovation

Motorcyclists in Rwanda to use meters and cashless payments from June

Rwanda began easing lockdowns at the beginning of May. By July, international airlines like Brussels Airlines are expected to resume flights to Kigali, ...

By Regtech AfricaMay 30, 20200