Technology

Robotic Process Automation Revenues in Banking & Financial Services to Reach $1.2bn by 2023

Robotic Process Automation (RPA) revenues in banking will reach $1.2 billion by 2023. With an estimated revenue above $200 million in 2018, this represents a growth of over 400% over the period. New data from Juniper Research analysed around 20 leading RPA vendors in terms of AI capability, product innovation and financial services specialisation. The […]

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Hardware

Semiconductor Revenue Hits $476.7bn

Global semiconductor revenue totalled $476.7 billion in 2018, a 13.4% increase from 2017. This is according to preliminary results by Gartner, which noted that memory strengthened its position as the largest semiconductor category, accounting for 34.8% of total semiconductor revenue, up from 31% in 2017. “The largest semiconductor supplier, Samsung Electronics, increased its lead as […]

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Financial

Retailers to Lose $130bn Globally in Card Related Fraud Over the Next 5 Years

Retailers are set to lose some $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023, according to latest figure Juniper Research. The new study highlighted that increasingly complex approaches by fraudsters, alongside retailers’ intertia in adapting to new fraud prevention requirements, would be key factors behind the increases in fraud transaction value. The […]

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StartUps

Flab Accelerator seeking Ghanaian Female-led Tech Startups

Applications are open to the Innohub flab Accelerator, seeking female-led tech startups to join the six-month Ghana-based programme. The fLab programme seeks to promote innovative technology entrepreneurship among women, by providing female-owned tech startups with product development and business development support. The accelerator is currently seeking 20 entrepreneurs with innovative, high-growth, social impact ventures looking […]

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StartUps

Five Agri-tech Startups Ioin Senegal Accelerator

Five agri-tech startups have been selected to join the Senegal Startup Accelerator run by Kosmos Innovation Centre and Reach for Change; receiving six months’ incubation and US$2,000 seed funding. The Senegal Startup Accelerator aims to support young Senegalese entrepreneurs with innovative ideas tackling the challenges facing the agriculture sector using technology. The programme – run […]

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Telecoms

NCC: How Nigeria Attained 31% Broadband Penetration Target

Based on empirical indices, the Nigerian Communications Commission (NCC) can authoritatively confirm that Nigeria has attained 31 percent broadband penetration. This is contrary to insinuations in some quarters that the country was far away from that as claimed by some. By the five year National Broadband Plan (NBP), (2013-2018), it was targeted that the country […]

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