This article outlines when it may be necessary to institute legal action as well as how to go about doing it. We shall be looking at who the plaintiff is and who the defendant is as well as the role of the court. We will also take a look...
Already in 2019, the International Finance Corporation in an article on digital financial services predicted that if banks and other financial services providers in Africa “don’t have a digital strategy by now they are at risk of seriously depleting their value proposition to their customers and losing market share.”...
Companies and individuals are embracing digital transformation in Africa. More and more, this is forming part of their strategy to remain relevant, improve customer service, or increase access to financial services their customers wouldn’t usually have access to in the physical world. In the Uganda Vision 2040 statement, it’s...
Compuscan CRB was the first credit reference bureau to enter Uganda and celebrated many years’ success in partnership with the Ugandan government, the Bank of Uganda, various governing bodies and clients. In April 2019, the acquisition of Compuscan by Experian came into effect. One year on, we caught up...
Experian, one of the world’s leading global information services company, has appointed Ferdie Pieterse as the new Chief Executive Officer for Experian Africa. With extensive pan-African experience as an emerging markets executive in numerous C-Suite roles within the financial services sector, Ferdie is well-suited to driving Experian’s expansion into...
The arrival of Open Banking marks a revolution in how Europe’s banks and credit card providers manage and work with their customers. From affordability analysis and fraud prevention to income verification, it’s a root and branch change to their businesses. Coinciding with the second Payment Services Directive (PSD2) and...
Having formally become part of the European banking system in September 2019, Open Banking is enabling lenders to offer businesses and consumers a range of affordable and secure products – and it’s cutting decision times on financial solutions from months to days. PSD2 (the Payment Services Directive 2), which...
The new insights unwrapped by Open Banking are bringing fundamental changes to the payment and financial services industry. With its core objective of fuelling innovation in the market, its arrival is improving both the security of payments and the protection of customers. It appears Open Banking data could not...
In this season of giving, Open Banking now offers hope to all those small to medium-sized businesses facing financial exclusion across European, Middle East and Africa (EMEA). The numbers speak for themselves when it comes to the value SMEs contribute to our economic wellbeing. The OECD (Organisation for Economic...