Potential API Tsunami Threatens South African Banks
The number of third-party integrations for banks is projected to increase from 15 in 2024 to 35 in 2030. UK banks have been sharing APIs since the implementation of PSD2 in 2018, while the US will require banks to share customer data starting in 2026.
Yellow Card secures crypto licence in South Africa
Yellow Card raised $33 million in October 2023. Yellow Card secured a CASP license in South Africa.
South Africa’s regulator tightens transaction rules for crypto asset service providers
South Africa's Financial Intelligence Centre (FIC) has issued a draft directive to ensure that accountable institutions that provide crypto asset services adhere to and implement the Financial Action Task Force's (FATF) recommendations. The directive requires crypto asset service providers in South
Breaking: South Africa grants crypto licences to Luno, VALR and 73 other companies
South Africa's financial conduct regulator approved 75 operating licenses for crypto businesses. Luno and VALR are the most recognizable names on the list.
Exclusive: We did our due diligence, says Livestock Wealth investors
Livestock Wealth is accused of operating without licensing by South Africa’s financial services regulator. Mineworkers Investment Company (MIC) claims to have performed due diligence before investing in Livestock Wealth.
