Discovery Bank enters AI lane redefines products

In an effort to increase financial inclusion in Africa, the company says it has launched a new cross-border payment solution, XLink Send.

The telco said any comments shared on the account do not represent the views of its chairman, and it is taking the required steps to resolve this.

A new report highlights Kenya, Nigeria and South Africa in particular as being hotspots for DDoS attacks within the financial sector.

The transaction was finalised with the issuance of 17,279,803 shares of Lesaka's common stock and a cash payment of $13.4 million, resulting in a total purchase consideration of $96.2 million.

This expansion aims to bolster Binance’s presence on the continent, where cryptocurrencies have seen a lot of interest and adoption in recent years.

According to Kaspersky, one of the hurdles to timely and efficient incident response is a recurring skills deficit, necessitating the need for the training program.

The South African Financial Sector Conduct Authority says the investigated parties did not refund clients or allow them to processing withdrawal from the platform.

The Nigerian Ministry of Information and National Orientation dismissed bribery allegations as Binance's well-coordinated public relations operation to repair its tarnished reputation.

The purchase price will be paid in the form of shares of Lesaka common stock  and $12.5 million in cash.

This follows the regulator’s declaration of crypto assets as a financial product under the Financial Advisory and Intermediary Services Act of 2002.

Proposed draft changes to the Financial Intelligence Centre Act's money laundering and terrorism financing control laws were presented for public comment this week.