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Home Blog Page 7385

WEMA Bank Introduces ALAT Digital Bank To Nigerian Market

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WEMA Bank, on Tuesday, said it is re-positioning with a new digital agenda, as it launched an innovative banking solutions named ‘ALAT’, which it claimed would make it the first fully digital bank in Nigeria.

The Managing Director of Wema Bank, Segun Oloketuyi, while unveiling ALAT, said with the solution the bank targets growing its customer base from 1.5 million to 3 million, and revenue from the present N54.25 billion to N200 billion by 2020.

ALAT, according to Oloketuyi, is a digital bank where customers can do their banking transactions without ever entering any physical branch. According to him, Wema is committed to satisfying its present and prospective customers by offering them an optimal banking experience through innovative digital technology.

“ALAT is the bank for the future and it redefines the seamless relationship we have with our customers. This is an offering to the young professionals, entrepreneurs and students who are tech savvy and always on the move. It is an opportunity to integrate banking into their lifestyle without hassles, by offering them real value, as they desire,” he said.

ALAT will be accessed via app and web, which is targeting all existing and prospective customers who are tech-savvy and upwardly mobile and it is an app-only, no-physical-contact bank. You can download it here.

 

Intel Feels Heat As Toyota Selects Nvidia Drive PX AI Automotive Platform

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The competition is coming from all angles for Intel Corp. Nvidia revealed Wednesday at its GPU Technology Conference that Toyota will use Nvidia’s Drive PX AI automotive platform to power advanced autonomous driving systems planned for market introduction.

In the brewing battle between Nvidia’s AI car computing platform and an Intel-Mobileye platform, Nvidia now appears to be building momentum.

According to Egil Juliussen, director research, Infotainment & ADAS at IHS Automotive, Toyota has become the fourth major car OEM publicly committed to Nvidia’s Drive PX for their highly automated vehicle. The other three OEMs are Audi, Daimler, and VW Group.

Wall Street likes the news and Nvidia stock is doing very well, jumping 17% after hours. The company also delivered a solid quarterly earning.

 

 

 

Access Bank Will Now Charge $20 Monthly Maintenance Fee on Dollar USD Debit Card

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Nigeria is always an enigma as things move forward and then quickly move many steps backward. A recent Central Bank of Nigeria directive increased ATM maintenance fees from N100 to N600. Naturally, one expects the banks to respond accordingly by increasing fees to customers. Access Bank has drawn the first sword.

Access Bank communicated to its customers that it has introduced a monthly maintenance fee of $20 on dollar-denominated debit cards:; “Following recent regulatory changes, a monthly maintenance fee of $20 will now be charged to your USD Debit Card”.

 

This Government Invested In AgFintech To Help Farmers Make More Money

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The Government of Australia has invested in Agrihive, a collaborative organization, which launched Farmecco, a fintech platform for farmers.

Starting in Australia’s beef industry, Farmecco aims to increase the net wealth of Australia’s farmers by capturing all the financial elements of their businesses in an online program and generating live reports that will help them to review all their costs and improve their revenues. 

It focuses specifically on improving the number of units farmers sell, and improving the price of the units they sell, but also provides key information to help farmers with succession planning, a core concern as the average age of Australia’s farmers continues to increase.


These tailored reports, which Farmecco can turn around in an hour after farmers input their information, can also be used by farmers in their interactions with lenders, accountants, law firms, consultants as well as family members, also helping to improve performance.

Farmecco raised $600,000 in seed funding from Australia’s Department of Agriculture and Australia’s meat industry association Meat & Livestock Australia (MLA). 

MTN Unveils Mind2Machine Awards & Competitions 2017 – Win Big Prizes And Build Your Startup

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Are you a hotshot IoT developer with a big idea or market ready solution? Does your company create exciting and innovative machine-to-machine implementations?

The 2017 Mind2Machine Conference and Awards is coming! Now in our third year, Mind2Machine is maturing, from a pure “challenge and awards” model into a broader event, including both awards and a conference – promoting knowledge and best practice sharing for developers and buyers in the connected infrastructure and Internet of things space.

Machine-to-machine technology is transforming the worlds of business, retail, heavy industry, and our personal lives. The 2017 Mind2Machine event will address opportunities bringing together the business and development sides of the machine-to-machine and Internet of things coin.

Mind2Machine 2017 Categories

Here are areas of interests:

  • The Best Commercial M2M Solution: An existing solution, in the market place and commercially viable
  • The Most Disruptive M2M Solution: An existing solution bringing rapid disruption or change in its environment, or one which has the potential to revolutionise industries
  • Best Enterprise Development App: The best app developed by an ED beneficiary, or developer that has gone through an incubation programme
  • Innovative Hardware in IoT: A M2M hardware solution, originating from an established business or Organisation
  • Wildcard: A machine-to-machine market-ready solution or idea that does not necessarily fit into any of the above categories, or serve a specific purpose or intention. It must however be aimed at corporate use to streamline production efficiencies and generate increased income.

All entrants will have the opportunity to be trained on the MTN M2M platform, and given access to free software and hardware during the conception phase of the competition. There is an exciting bouquet of prizes up-for-grabs, as well as the resultant press coverage and media interest that comes hand-in-hand with an event of this magnitude.

Application

Apply here; submission closes 12 May 2017