Finteq

Did you know that Finteq: 🔆 Develops payment solutions for banks and the financial services sector. 🔆 Specialise in Payment hubs and Automated Clearing House systems that enable transaction initiation, intra- and inter-bank clearing and settlement, and interoperability between systems, whether modernised, legacy, or proprietary. 🔆 Has grown steadily from a small startup in 2005 into a company providing solutions for over 35 customers in 13 African countries. 🔆 Is a specialised team that has decades of experience in the banking and IT sector. 🔆 Has a client base that includes Nedbank, Bank of Namibia, Standard Bank, FNB, TymeBank, SBV, BankservAfrica, and many more. Get in touch today to see how we can power your financial transactions: https://lnkd.in/dM2VEpn #Fintech #Finance #BankingSolutions #FinTechAfrica

On behalf of the entire team at Finteq, we wish you and your loved ones a season filled with warmth, joy, and cherished moments. Thank you for being a part of our journey towards a brighter financial future.

Did you know that the first bank in the world, Banca Monte dei Paschi di Siena, was founded in Italy in 1472? It still operates today, making it one of the oldest banks in continuous operation! #BankingFacts #Banking #DidYouKnow

On December 4, we celebrate International Day of Banks to recognise the vital role of banks and financial institutions in advancing sustainable development and supporting communities worldwide. Why is this day important? Banking systems are the crucial cog in financing economic growth, improving infrastructure, reducing inequality, and raising global living standards.  In the face of complex global challenges, the contribution made by banks is increasingly crucial to building resilient economies and sustainable futures.  #Fintech #Finance #BankingSolutions #FinTechAfrica

Aside from providing payment gateway solutions, Finteq are also leaders in workflow solutions across Africa. #Fintech #Finance #BankingSolutions #FinTechAfrica

The future of payments is digital! 74% of consumers choose to pay using digital processes rather than legacy forms such as cash or cheque. And there are benefits for everyone - Businesses can make use of new payment methods to better the customer experience, increase their sales, and lower expenses. Consumers can benefit from greater convenience, better security, and speed. #Fintech #Finance #BankingSolutions #FinTechAfrica

“The innovation point is the pivotal moment when talented and motivated people seek the opportunity to act on their ideas and dreams.” – W. Arthur Porter

Did you know? The concept of money, or currency, has truly evolved since its earliest forms. In ancient times, communities used to barter and trade goods, food, and services directly. But as the population grew, the barter system became unmanageable and cumbersome. This was when the creation of the first forms of currency began, which included some surprising objects such as cowrie shells, livestock, and grains. As humans evolved, so did money in all its forms. Metal coins made of gold, silver, and copper became popular around 600 BC and were durable, portable, and had specific value, making them valuable for trade. As time moved on, paper money was introduced in China which was much easier to carry than heavy cpins. All of this formed the roots of modern money. With the rise of banking systems, credit, and electronic payments, money has become more abstract, representing value in various forms—physical, digital, or even cryptocurrencies like Bitcoin. The evolution of currency reflects global society's search for more efficient, secure, and accessible means of trading and will continue to shape the global economy in ways we can't even begin to predict.

FinTech Future Trend! It's estimated that by 2034, cryptocurrencies, as well as experiments into central bank digital currencies (CBDCs) being carried out in many countries, could move towards mainstream adoption of universal digital currencies such as Bitcoin. Sound futuristic to you? The future will be here before we know it! #Fintech #Finance #BankingSolutions #FinTechAfrica

One of the biggest challenges to the SADC cross-border payments initiative is ensuring that all banks participate in the system. To reduce barriers to entry for the banks, Finteq has developed a solution called the Finteq Payment Gateway – SADC which enables Bank participation in the SADC payment service with minimal modification and disruption of core processing infrastructure.  The Finteq Payment Gateway – SADC Solution for cross-border payments has two major components. ✅ A capture module that enables the controlled input of payment data as required by the Regulator ✅ A universal gateway module which ensures the control and compliance of messages and/or files transmitted between participating parties within the SADC cross-border payment region. Read more about the solution here: https://lnkd.in/d5gwBFx #Fintech #Finance #BankingSolutions #CrossBorderPayments #FinTechAfrica