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3rd December,2021

Welcome to Emerging Tech Trends (ETT), focusing on technologies shaping the future.

In this edition,

Using AI, Societe Generale is set for the Digital Age : With an army of more than 1000 data experts, including 65 chief data officers, working across all of its businesses and geographies, Societe Generale is set to use data and AI to help it transition and success to the digital space to give SocGen an edge in personalised customer services, responsiveness and speed, efficiency and risk controls.

Approximately USD2.3 million in Cryptocurrency tied to ransomware attack seized by the FBI :  The FBI has seized about $2.3 million in cryptocurrency tied to ransomware attacks committed by a Russian resident according to a court document. The seizure is a part of the US law enforcement effort to stymie the sources of funding for Russian and Eastern European cybercriminals following a series of damaging ransomware attacks on US infrastructure.

CBK rules out setting mobile loan rate caps :  Governor of Central Bank of Kenya (CBK), Patrick Njoroge, has ruled out fixing a cap for the digital lenders, saying they would apply the loan pricing models used by the banks hence giving Mobile lenders the freedom to set their own lending rates.

Fintech credit card space is growing. Here’s what you should know: FinTech credit card space has gathered steam in recent times and companies such as New York-based Ramp Business Co., whose card is valued at US$3.9 billion, Brex Inc.’s card valued at US$7.4 billion, bringing up seamless sign-up experience and continue to add back-end features to help manage expenses.



NextGen Ghana Fintech Accelerator, a Stanbic Bank & GIZ partnership to support Fintechs in Ghana : NextGen Fintech Accelerator, a partnership between Stanbic Bank Ghana and The Tech Entrepreneurship Initiative ‘Make-IT in Africa,’ is an initiative assisting growth stage tech firms in market validation & customer acquisition phase in Ghana. The accelerator program will run one cohort of 20 selected early-to-growth stage FinTech startups.The programme features a 6-months long intensive curriculum–based training, after which participants will engage in a Mentorship program by experts from Stanbic Bank. Interested Fintech startups can register.



FinTech Malta : Founded in 2019 by Peter Oakes, it is the gateway to the the Maltese Fintech Ecosystem that runs Maltese Fintech network platform covering all Fintech including digital assets, cryptocurrencies, distributed ledger technology and blockchain.

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