Technology in Business

Technology in Business

Technology has changed the way businesses operate and interact with customers. The fast-paced development of technology has impacted various aspects of business, from operations and marketing to customer service. Businesses are now relying more and more on technology to enhance their competitiveness, increase efficiency, and reach out to new customers. In the past, businesses relied on traditional methods such as print advertisements, billboards, and door-to-door sales. Today, businesses can reach a vast audience through the Internet and social media. Companies can target specific demographics, launch innovative marketing campaigns, and reach…

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African Fintechs collaborate to interlink mobile money and digital assets

The African Seychelles-based Securities, Commodities and Derivatives Exchange (SECDEX), and KOINON, the global Digital Coin and Token based payment platform, are pleased to announce a collaboration. The collaboration will foster the intersection of African B2C and B2B payments and dynamic asset conversion between fiat currencies, cryptocurrencies and a broader range of digital assets. This initiative comes at a key time in the mobile payments industry growth. As evidenced by Mastercard’s recent $100million investment in Africa’s Airtel which focuses on mobile payments and financial inclusion. latest partnership combines KOINON’s cryptocurrency digital…

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Singapore based Credit scoring fintech company, CredoLab, launches in Kenya

credit scoring fintech company, CredoLab, launched in Kenya

Alternative credit scoring fintech company, CredoLab, launched in Kenya recently is lined to drive financial inclusion by credit scoring more people, especially those who are new to bank and credit. CredoLab announced that it is in negotiations with the large financial institutions, digital banks, credit bureaus, consumer lenders and retail operations in Kenya. Michel Massain, Sales for Europe and Africa at CredoLab says, “With the trend in Kenya of banks shifting from traditional banking halls to digital platforms, our alternative credit scoring technology is perfectly timed to help lenders provide…

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Capital Market’s Authority Launches regulatory sandbox for Kenya’s startups to develop inTech products

Kenya’s Capital Market’s Authority announced plans last year to set up a regulatory sandbox for startups to join and develop their FinTech products and they have started accepting applications to the sandbox. Apply for the CMA Regulatory Sandbox for a 12-month period to deploy & conduct live tests on innovative products, solutions & services that have the potential to broaden the Kenyan capital markets. Eligibility https://t.co/mqDeIgZzcT | Application process https://t.co/v3sTqdjT1p pic.twitter.com/XeZ1F8QWJf — Capital Markets Authority_Kenya (@CMAKenya) June 6, 2019 First regulatory sandboxes have been implemented around the world in at…

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Sky.Garden: Revolutionizing Kenya’s E-Commerce Sector

Upon noticing that the economic sector in Kenya only caters for the top tier in the economic pyramid which leaves little room for individuals and businesses that exist within the lower segments of the economy to reap the benefits of online transactions, Sky.Garden decided to come up with a sophisticated eCommerce platform that they can use to expand their geographical reach. ITBusinessDirect spoke to Isaac Hunja the Chief Marketing Officer about their work. How can you define the technology sector in Kenya? I would describe the technology sector in Kenya…

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2016 Innotribe Startup Challenge Winners Announced

Innotribe

The winners of the 2016 Innotribe Startup Challenge were announced yesterday in Mauritius. The winners were South Africa’s Hello Paisa, a low cost international money transfer solution and The Sun Exchange, which deals with crowd lending for solar energy and Cameroon’s WeCashUp, that deals with mobile money transfer across Africa. The three each received a 10,000 USD cash prize. They also received invitations to attend Sibos, SWIFT’s annual global financial services conference that will take place in Geneva from the 26th to the 29th of September, techmoran reports. Sido Bestani,…

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