Digital platforms on back burner at half of Africa’s banks
New report shows 40%-43% of traditional banks surveyed on the continent regard fintechs, challenger bank and telecoms companies entering the market as ‘high threats’
18 May 2023 - 21:34
Africa’s banking landscape is becoming increasingly complicated as more alternatives, such as digital-first banks, fintechs and mobile money, compete for space, according to a new report on digital banking developments on the continent.
African Banker magazine and Backbase, a Dutch banking and financial technology company that provides engagement banking for financial institutions, launched the third African Banking Digital Transformation report this week. The report covers 153 banks across Africa...
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