Tag: Financial Technology

How is SWIFT still relevant after five decades?

Too many people in the payments industry today hold the misconception that the SWIFT network is only for cross-border payments. This was indeed the case in 1973, when 239 banks from 15 countries joined forces to create an efficient, automated, and secure payments network. At launch, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) was […]

Identitypass, an identity verification API for Africa, raises $2.8M seed funding

Mobile penetration in Africa is growing impressively at about 46% as more people come online for the very first time. In turn, this has increased the market opportunity for startups, especially fintechs and e-commerce, which try to provide various solutions to meet the financial needs of the populace. But to do that, these businesses must […]

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