Formed by the merger of several European Union (EU) stock exchanges at the turn of the 21st century, Euronext can trace its origins back to some of the world’s first bourses, formed in Bruges, Antwerp and Amsterdam between the 13th and 17th centuries. In that...
South Africa’s car buying market will get more financing options, thanks to automotive technology company Autochek’s new service. In a Tuesday (Nov. 22) press release, the company said that the new Autochek Financial Services will make vehicle financing possible for customers and businesses across Africa,...
The U.K.’s Financial Conduct Authority (FCA) is calling for a reformation of the way credit rating agencies (CRA) in the country operate and are governed. In a November report, the watchdog noted that the sector is “highly concentrated” and that “almost all credit information is...
For any online business onboarding new customers, juggling the ever-growing stack of authentication tools required to remain compliant with the relevant know your customer (KYC) and anti-money laundering (AML) laws can lead to all kinds of complications and inefficiencies. Moreover, what businesses and consumers see...
Digital payments in Africa are about to get an even wider reach, thanks to a new collaboration between Euronet Worldwide and the Africa Electronic Trade Group, or AeTrade. Euronet announced the partnership on Wednesday (Nov. 9), saying the two firms are aiming to build a...
Financial service firm Virgin Money has joined the English government’s General Export Facility (GEF), opening up access to financial support to the company’s business clients at a time when the U.K. is dealing with crushing cost-of-living pressures. “GEF was launched in March 2021 and is...
The Central Bank of Saudi Arabia (SAMA) on Wednesday (Nov. 2) announced the launch of its open banking framework, which includes a set of legislation, regulatory guidelines and technical standards to enable banks and FinTechs to provide open banking services in the country. After Bahrain,...
The European Commission is set to propose new rules for Airbnb and other short-term home rental companies. The draft, which is expected to be announced next week, proposed that these firms send data to national authorities about numbers using their services and how many nights...
For Africa’s restaurant and hospitality industry, the combination of global supply chain bottlenecks and rising wholesale prices have led to local logistics challenges and inefficient distribution networks. Related: FoodTech Investments Help Streamline Africa’s Agriculture Trade, Connect Fragmented Supply Chains In that environment, the lack of...