Curated by www.knowledgeinnovations.com – Your authoritative knowledge source mapping FinTech, Innovations, Artificial Intelligence, Blockchain, Big Data, Machine Learning
August 5, 2024
Welcome to Emerging Tech Trends (ETT), focusing on technologies shaping the future.
In this edition,
Value of Mobile Money Transactions Declines : Ghana’s mobile money sector experienced a significant decrease in transaction volume and value. A decline which is attributed to economic and regulatory factors and calls for reducing or eliminating the E-levy rate
AI could boost Open Finance in Brazil : Brazil’s financial system is modernizing and advancing its data infrastructure, with initiatives like Open Finance gaining adoption. Three years after its initial implementation, the regulatory framework for gradual information sharing has reached 42 million active data consents, representing 15% of all banking service users in Brazil
Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments : The Bank of Ghana and the Monetary Authority of Singapore have completed a proof of concept that demonstrates the use of their central bank’s digital currency for cross-border payments, demonstrating the effectiveness of digital credentials for international trade and transactions
Amid A Global VC Downturn, African Tech Funding Reaches A Four-year Low funding : Despite the overall funding decline, a significant portion of investments was directed towards climate tech, which accounted for 45% of all startup funding in Africa this year. Experts offer more insights
Financial Inclusion of MSMEs to be enhanced as UNDP partners with DFINITY Foundation Goals : UNDP, with Swiss-based blockchain technology powerhouse the DFINITY Foundation aim to improve digital trust and enhancing financial inclusion for Micro, Small, and Medium Enterprises across the world
Other stories
Google eyes acquisition of Wiz in major Cybersecurity expansion
China’s Tech boom powers AI career coup, with Finance pushed to the top of the Income Pyramid
Absa launches new Payment Method
EVENTS
Money 2020 USA : Money20/20 USA, to be held in Las Vegas from October 27-30, is the largest global gathering of the global money ecosystem, featuring over 50 industry leaders discussing Gen AI and LLMs’ finserv tech. Attendees can find new connections, business insights, innovation, and partnerships to succeed in the money industry.
African Tech Ventures Unlocking UK Capital Markets and Exits
OPPORTUNITY
Visa Accelerator Program 2024 : The Visa Accelerator Program offers a 3-month journey for African startups to connect with mentors, technology, and investment opportunities, aiming to disrupt the FinTech industry and revolutionize finance
Other opportunities
Applications open for 7th Ecobank Fintech Challenge
10 startups selected for Google for Startups Accelerator Africa
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