Financial Institutions
Wealth managers and VCs are helping drive institutional crypto adoption — Wave Financial execs
Two executives at Wave Financial, an asset management firm providing bespoke strategies to high-net-worth individuals and entities, have reported seeing increased institutional demand for crypto products amid the bear market. Speaking to Cointelegraph at the Blockchain Futurist Conference in Toronto on Wednesday, Wave Financial’s head of business development Mike Jones said institutional investment in crypto could be driven by the high end of wealth management firms including Morgan Stanley, Merrill Lynch and Goldman Sachs looking for ways to allow their clients to get exposure to the space. Jones cited the example of BlackRock partnering with Coinbase on Aug. 4, a move that will give users of the asset manager’s institutional investment management platform Aladdin access to crypto trading...
3 Tips to Improve User Experience & Security of African Apps
Entersekt’s Tochukwu Iwuora. Financial institutions are increasingly relying on apps and their turbo-charged cousins, super apps, for much-needed revenue growth. Organisations that can offer a secure, low-friction app experience are more likely to migrate existing customers to digital channels, attract new customers, and lower operational costs, giving them a much-needed competitive advantage in an increasingly competitive market. Africa is one of the fastest-growing app markets in the world, with Nigeria, Kenya, and South Africa showing particularly high growth since the Covid pandemic. With rapid urbanisation, a big improvement in connectivity as well as the fact that smartphone connections in Africa are expected to double by 2025, reaching 678 million, it is reasonable to expect t...
Bitcoin vs Traditional Pension: Which is the Better Retirement Plan in Ivory Coast?
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Capitec Bank Partners with nCino to Drive Digital Business Banking Innovation
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Yemisi Edun appointed acting FCMB chief
First City Monument Bank Limited (FCMB) has appointed Yemisi Edun as the acting Chief Executive Officer of the bank. This followed the decision by the Chief Executive Officer, Mr. Adam Nuru, to proceed on voluntary leave as the board investigates allegation of paternity scandal against him. The bank disclosed this on Wednesday. Edun holds a Bachelor’s degree in Chemistry from the University of Ife, Ile-Ife and a Master’s degree in International Accounting and Finance from the University of Liverpool, United Kingdom. She is a Fellow of the Institute of Chartered Accountants of Nigeria and a CFA Charter holder. She is also an Associate Member of the Chartered Institute of Stockbrokers; an Associate Member of the Institute of Taxation of Nigeria; a Member of Information Systems Audit and Cont...
#EndSARS: Lagos Chamber reschedules international trade fair
The Lagos Chamber of Commerce and Industry (LCCI) says that it has rescheduled the 2020 edition of the Lagos International Trade Fair. Dr Muda Yusuf, Director-General of LCCI, said that the fair which was scheduled to hold from Nov.5 to Nov. 15, 2020 has been rescheduled for between Dec. 4 to Dec. 13, 2020 at the Tafawa Balewa Square, Lagos; both physically and virtually simultaneously. Yusuf in a statement on Thursday also said that the postponement was occasioned by the economic disruptions brought about by the COVID-19 pandemic and the recent #EndSARS protests across the nation. “The resolve to hold the 2020 edition of the fair is in line with the need for quick restoration of normalcy to the economic and commercial activities in Lagos State and our support for the ongoing ‘Protect Lago...
President Buhari authorises N19.67 billion for completion of East-West road
President Muhammadu Buhari has approved the immediate release of N19.67 billion to ramp up efforts in completing sections I-IV of the East-West Road project by 2021. The presidential directive was part of efforts to address infrastructure deficit in the Niger Delta region and boost its economy. Mr Buhari had, in his Democracy Day address, said the funding of the sections of the road project would be duly released to better the lot of his people and would be followed by a forensic audit. “I am determined to ensure that development meant for the people of the Niger Delta get to them so I have authorised a Forensic Audit of the Niger Delta Development Commission,” the president said. The road project, which was first conceived in 2006 by the Obasanjo administration, was meant to be completed ...
Senator, CAN condemn Kajuru killings, sue for peace
The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, and the Kaduna State chapter of the Christian Association of Nigeria (CAN) have condemned the spate of killings in communities in Kajuru Local Government Area of the state. In separate statements issued on Thursday in Kaduna, they decried the ugly situation in the communities and sued for peace. In his statement, Sani, who represents Kaduna Central Senatorial District which include Kajuru, said he was “pained over renewed Fulani/Adara hostilities” in the area and called for restraint among the two groups. He noted that the Fulani and Adara communities have been living in peace for decades, adding that just like other communities in Nigeria and across the world, misunderstandings and cha...
