Breaking News
Absa Banks on Big Data with new Hello Soda Partnership
Absa Bank Ltd has partnered with multilingual text analytics and big data company, Hello Soda, to improve access to its financial services for millennial customers – the fastest-growing demographic across Africa.
The relationship enhances Absa’s ability to make sense of unstructured social data in order to better understand its consumer base.
Hello Soda is well placed to provide new ways for individuals who are poorly covered by traditional credit data to verify their identity and gain access to credit. This is particularly beneficial for millennial customers, who may not be able to provide utility bills or paper bank statements when applying for a loan, for example.
Pieter Vorster, chief data officer at Barclays Africa Group, said: “Hello Soda’s aim to empower consumers by boosting financial inclusion is aligned with our strategy. We aim to create more opportunities for society to grow by providing relevant products and increasing access to services in currently unbanked communities.”
James Blake, CEO at Hello Soda, said: “Our software solution is now being utilised by businesses across five continents and this latest venture with Absa is further evidence that businesses across the globe are embracing the benefits that big data analytics can offer.”
“Through our specialist products, we provide the means for individuals that may not be covered by traditional credit data, in communities across the world, to access the goods and services they need. We look forward to working together with Barclays Africa to continue to improve access to financial services,” said Blake.
In a world that is increasingly mobile, social and connected, co-creating a solution that uses alternative data sources to support customers’ needs is a logical step forward. Working with Hello Soda allows us to offer greater support to our customers, said Vorster.
Absa and Hello Soda are undergoing a proof of concept to boost financial inclusion with consumers in Africa.
- FinTech Australia Urges Government to Open Procurement Pipeline and Fix Funding Settings for Fintechs Read more
- TransUnion CIBIL and State Bank of India’s YONO App Collaborate to Integrate CIBIL Score and Report Into Everyday Digital Banking Read more
- Google on Building Secure Foundations for Fintech Growth Read more
- Tabadulat & Minted Connect Sign Strategic Collaboration to Enable Shariah-Compliant Gold-Backed Investments Read more
- TransferMate Completes Global Rollout of Vivox AI’s Next Generation KYB Automation Read more
FinTech Australia Urges Government to Open Procurement Pipeline and Fix Funding Settings for Fintechs
FinTech Australia is calling on the Federal Government, as part of its 2026–27 Pre-Budget Submission, to broaden its procurement pipeline to better include fintechs and small and medium businesses. In addition, to recalibrate existing funding mechanisms – including venture capital tax concessions, superannuation settings and the Research and Development Tax Incentive – to create stronger, more predictable funding pathways for emerging fintechs.
TransUnion CIBIL and State Bank of India’s YONO App Collaborate to Integrate CIBIL Score and Report Into Everyday Digital Banking
TransUnion CIBIL, India’s leading credit information company, today announced the integration of the consumer CIBIL Score and Report into State Bank of India’s (SBI) You Only Need One (YONO) app. Seamless incorporation of the score and report allows the bank’s customers to securely access and monitor their CIBIL Score and wider credit information when they use the app. The integration also includes report analysis, ‘Frequently Asked Questions’ and gamified learning to understand the credit score process. In addition, the CIBIL Score Simulator feature in the app will help customers simulate different credit scenarios such as opening or closing loan accounts and credit cards, late payments, clearance of credit card dues, new enquiries among others, to assess and understand the implications for their CIBIL Score.
Tabadulat & Minted Connect Sign Strategic Collaboration to Enable Shariah-Compliant Gold-Backed Investments
Tabadulat Limited (Tabadulat), the UAE-based Shariah-compliant investing and brokerage platform regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), and Minted Connect FZCO (Minted Connect), a DMCC-authorised precious metals as a service and digital assets company, today announced the signing of a strategic collaboration to provide institutional access to Shariah-compliant, gold-backed investment instruments.
TransferMate Completes Global Rollout of Vivox AI’s Next Generation KYB Automation
TransferMate, the world’s leading provider of embedded B2B payments infrastructure, has completed a full global rollout of Vivox AI’s trusted, explainable AI agents as its new Know Your Business (KYB) automation platform.
IG Launches Integrated Campaign to Reposition Platform for a New Generation of Switched-on Investors
Investing and trading platform, IG, has unveiled a new integrated UK marketing campaign as part of its broader brand repositioning, aimed at redefining how the FTSE 250 fintech engages today’s digitally native, self-directed investors.
The Hashgraph Group announces the launch of TrackTrace for Compliance with EU’s Digital Product Passport (DPP) Regulation
The Hashgraph Group (THG), the Swiss-based Web3 and AI technology engineering company operating within the Hedera ecosystem, has today announced the launch of TrackTrace, deployed as a fully managed enterprise-grade solution that transforms and enhances global supply chain transparency through real-time tracking of products from origin, ethical sourcing, and carbon emissions data.
Basware Launches New Agentic AI Capabilities to Transform Intelligent Finance
Basware unveiled new AI agents in its ILM platform to transform invoice processing and make accounts payable even more autonomous
FinTech Australia Urges Government to Open Procurement Pipeline and Fix Funding Settings for Fintechs
FinTech Australia is calling on the Federal Government, as part of its 2026–27 Pre-Budget Submission, to broaden its procurement pipeline to better include fintechs and small and medium businesses. In addition, to recalibrate existing funding mechanisms – including venture capital tax concessions, superannuation settings and the Research and Development Tax Incentive – to create stronger, more predictable funding pathways for emerging fintechs.
TransUnion CIBIL and State Bank of India’s YONO App Collaborate to Integrate CIBIL Score and Report Into Everyday Digital Banking
TransUnion CIBIL, India’s leading credit information company, today announced the integration of the consumer CIBIL Score and Report into State Bank of India’s (SBI) You Only Need One (YONO) app. Seamless incorporation of the score and report allows the bank’s customers to securely access and monitor their CIBIL Score and wider credit information when they use the app. The integration also includes report analysis, ‘Frequently Asked Questions’ and gamified learning to understand the credit score process. In addition, the CIBIL Score Simulator feature in the app will help customers simulate different credit scenarios such as opening or closing loan accounts and credit cards, late payments, clearance of credit card dues, new enquiries among others, to assess and understand the implications for their CIBIL Score.
Google on Building Secure Foundations for Fintech Growth
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Tabadulat & Minted Connect Sign Strategic Collaboration to Enable Shariah-Compliant Gold-Backed Investments
Tabadulat Limited (Tabadulat), the UAE-based Shariah-compliant investing and brokerage platform regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), and Minted Connect FZCO (Minted Connect), a DMCC-authorised precious metals as a service and digital assets company, today announced the signing of a strategic collaboration to provide institutional access to Shariah-compliant, gold-backed investment instruments.
TransferMate Completes Global Rollout of Vivox AI’s Next Generation KYB Automation
TransferMate, the world’s leading provider of embedded B2B payments infrastructure, has completed a full global rollout of Vivox AI’s trusted, explainable AI agents as its new Know Your Business (KYB) automation platform.
IG Launches Integrated Campaign to Reposition Platform for a New Generation of Switched-on Investors
Investing and trading platform, IG, has unveiled a new integrated UK marketing campaign as part of its broader brand repositioning, aimed at redefining how the FTSE 250 fintech engages today’s digitally native, self-directed investors.
The Hashgraph Group announces the launch of TrackTrace for Compliance with EU’s Digital Product Passport (DPP) Regulation
The Hashgraph Group (THG), the Swiss-based Web3 and AI technology engineering company operating within the Hedera ecosystem, has today announced the launch of TrackTrace, deployed as a fully managed enterprise-grade solution that transforms and enhances global supply chain transparency through real-time tracking of products from origin, ethical sourcing, and carbon emissions data.