Researchers at the University of Indiana found that robots made more profitable investment decisions than people.
Avoiding cash reduces the risk of money being stolen or lost by pupils, Karri's CEO said.
Technology has disrupted the financial services industry and made investing more accessible. But not only investors are benefitting from these advances: Fraudsters are giving old-fashioned scams a digital makeover.
Swedish payments and banking firm Klarna became the most valuable European fintech startup after new funding pushed its post-money valuation to $5.5bn.
They didn’t complete a single year of college, but Henrique Dubugras, 23, and Pedro Franceschi, 22, have already amassed a veteran’s share of Silicon Valley experience. Now they have the net worth to match.
Naspers wants to spend about $1bn in India this year as it scours the globe for investments that can replicate its blockbuster bet on China’s Tencent, a person familiar with the matter said.
According to the fintech pros surveyed by Bloomberg - more deals, swirling IPO rumours and a continued steady stream of checks from venture capitalists. Here’s a wrap from industry experts.
Clickatell was started in Cape Town by an optometrist and his twin brother.
South Africa will lag behind technologically if too many of its leaders are "on the wrong side of the age distribution curve," former finance minister Trevor Manuel has said.
A 'stablecoin' is a cryptocurrency that's price is pegged to a real-world asset like gold or the dollar.
"When you don't understand how money gets made, it gets made in ways you don't like."
These aren't just new business ideas - they are changing lives.
FNB was the first bank to launch a banking app in SA. Over the years, it’s kept expanding the app’s functionality, and recently added a new wellness feature to help customers become healthier.
It claims to be a safer, easier, faster and more secure way to purchase food and drink. But we're not convinced.
There's a fresh solution in the offing for Muslim consumers facing uncertainty over Halal certifications: verification via blockchain.
The law at the heart of South Africa's national payment system needs an update, the Reserve Bank says, and its proposal on how to do that foreshadows a fully digital national currency – and the end of banks' oligopoly on low-value retail transactions.
Financial inclusion should be the objective of any fintech policy that is adopted, members of Parliament have heard.
JPMorgan Chase will open a new campus for financial technology, or 'fintech,' in Silicon Valley in 2020, staffed by more than 1 000 workers.
The SA Reserve Bank's Project Khokha has won an award for being the best distributed ledger initiative - a technology for recording transactions securely.
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