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June 9, 2022

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

In this edition,

Exploring and piloting digital currencies is becoming more popular amongst African central banks, but why? : World Economic Forum with IMF Blog explores why sub-Saharan African central banks like that of Nigeria, South Africa and Ghana explore and pilot digital currencies.

Crypto Mining Giant drops about 79% of its Bitcoin Holdings in June : As a steep drop in digital assets squeezes finances, a top cryo miner, Core Scientific Inc., sells 7,202 mined coins for $167 million last month, leading to a 79% drop in its Bitcoin holdings to keep afloat.

M2P Fintech Acquires Cloud Lending Startup Finflux, After Wizi, Origa AI : Fintech SaaS startup M2P Fintech has acquired a Bengaluru-based cloud lending platform, Finflux, to accelerate the adoption of digitisation and workflow automation and offer new lending products.


Nigeria Fintech Forum 2022 : To constantly create engagements and exhibition platforms targeted at ensuring accelerated growth of Nigeria’s fintech ecosystem, Nigeria Fintech Forum is scheduled for Aug 3, 2022, 9:00 am at Civic Center, Victoria Island, Lagos, where public and private sector stakeholders across Nigeria’s financial technology industry will explore topics essential to developing an efficient financial sector such as DeFi and Cryptocurrencies, Digital Credit and Savings, Remittances/Cross-Border Exchanges, Insurtech, Payment and Banking.


Fintech For Impact: In the Philippines more than 52 million adults or 77.4 percent of the total adult population remain unbanked.  To curb this, ING with UNICEF selected 5 startups developing digital solutions that aim to solve financial and banking challenges to receive equity-free investment and to engage in a 12-month support period. The Fintech for Impact investment program was designed to accelerate their potential to launch new technology or tech-driven innovations that would help build economic security, encourage more equitable access to services, and lift financial barriers to opportunities to improve the lives of disadvantaged children, youth and families in the Philippines and beyond.

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