Tag: FinTech

Kaspersky Unveils GriffithRAT: Advanced Malware Targeting Fintech and Online Trading Platforms

Kaspersky has discovered GriffithRAT, a sophisticated malware targeting fintech firms, online trading platforms, and betting companies across the UAE, Egypt, Turkiye, and South Africa. Spread via Skype and Telegram, GriffithRAT disguises itself as financial analysis documents to steal sensitive data such as login credentials, keystrokes, and webcam feeds. Linked to cyber mercenaries, this malware is part of a growing trend of targeted, commercial cyberattacks aimed at corporate espionage and data theft.

Industry Leaders and Investors Convene at Africa Tech Summit London to Unlock Global Capital for African Tech Ventures

The 9th Africa Tech Summit London, scheduled for June 6, 2025, at the London Stock Exchange, brings together over 350 investors, founders, and industry leaders to unlock global capital for African tech ventures. With the support of key partners such as AWS, Bank of America, and Flutterwave, the summit will explore the future of African startups, offering insights on funding, investment opportunities, and emerging technologies such as Generative AI, Web3, and Digital Identity. High-level speakers will discuss strategies to scale African ventures globally and adapt to economic shifts. The event aims to foster bold conversations, collaborations, and new opportunities for African tech ecosystems to thrive amidst changing economic landscapes.

South Africa high on the list for Global HFT Firms

High-frequency trading (HFT) firms are increasingly eyeing South Africa as a prime destination for their algorithmic trading operations. Driven by the country’s highly liquid markets, state-of-the-art infrastructure, and strategic position as a gateway to Africa, South Africa presents compelling advantages for HFT players. The Johannesburg Stock Exchange (JSE) has significantly evolved, with key enhancements like the Millennium IT platform and colocation services, offering ultra-low-latency access for traders. Coupled with an uptick in retail trading and competitive exchanges like A2X, South Africa’s capital markets are becoming more sophisticated, presenting a dynamic environment for both local and global HFT firms. This shift is contributing to the modernization of the market and furthering innovation in Africa’s financial landscape.

Smart connectivity: The new competitive advantage

The Internet of Things (IoT) is redefining competitiveness across industries, from advanced Olympic training to transformative business operations in sectors such as retail, healthcare, logistics, and finance. With the global IoT market seeing rapid growth and local adoption accelerating, businesses are increasingly incorporating smart connectivity into core strategy. This article explores the tangible benefits of IoT integration, the future of connected operations, and why centralised, secure, and scalable IoT management systems are essential for sustaining long-term success in the digital economy.