Global

Credit Suisse hit with $475 million fine by global regulators

Credit Suisse has been hit with a £147 million penalty by the Financial Conduct Authority, as part of a $475 million global resolution ...

By Regtech AfricaOctober 21, 20210

Global

Danske Bank Rebuked Over Lacking Money Laundering Controls

Denmark-based Danske Bank has come under fire for lackluster protocols in place following a money laundering scandal, according to a Wednesday (Oct. 20) report from ...

By Regtech AfricaOctober 21, 20210

Egypt

Egypt logistics startup ILLA to scale offering after closing a $2M seed round

Cairo-based fragmented logistics startup ILLA has raised $2 million and is looking to scale across Egypt. As a full-stack delivery solutions startup, ILLA supports ...

By Regtech AfricaOctober 21, 20210

Innovation

Nigeria: Zenith Bank introduces SME Grow My Business Product

Nigeria’s leading financial institution, Zenith Bank Plc, has introduced what it called, ‘Zenith Bank SME Grow My Business Product’, saying it provides a ...

By Regtech AfricaOctober 21, 20210

Global

French central bank pilots blockchain-based CBDC for debt market

The central bank of France continues actively exploring a central bank digital currency (CBDC), completing a significant trial of a blockchain-based CBDC in ...

By Regtech AfricaOctober 21, 20210

Ghana

Ghana: Glovo to inject 3.5m euros into Ghana’s economy

Delivery service provider, Glovo is embarking on a key expansion drive to ensure that it’s services are available to other parts of the ...

By Regtech AfricaOctober 21, 20210

CBN intervenes in FOREX market with 5.62 billion in Q4 2020 up by 28.7

News

Nigeria: CBN says governments will be able to send direct payments to citizens using the eNaira

The Central Bank of Nigeria (CBN) has stated that the eNaira can serve as a medium for the government to send direct payments ...

By Regtech AfricaOctober 21, 20210

Global

Iran to Pilot ‘National Cryptocurrency,’ Amend Central Bank Law

The central bank of Iran is gearing up to begin the pilot phase of its digital currency project in the near future, its ...

By Regtech AfricaOctober 21, 20210

Nigeria

MFS Africa acquires Baxi, expands into Nigeria

Subject to approval from the Central Bank of Nigeria, the deal is the second highest fintech acquisition in Nigeria to date. Pan-African digital ...

By Regtech AfricaOctober 21, 20210

News

Nigeria: CSCS Board Renews Jalo-Waziri’s Appointment as MD/CEO

The Board of Directors of Central Securities Clearing System (CSCS) Plc, has reappointed Mr. Haruna Jalo-Waziri as managing director/chief executive officer (MD/CEO) for ...

By Regtech AfricaOctober 21, 20210