It's no secret that fintech solutions are driving growth and innovation in Africa's financial sector. The financial technology sector in Africa is rapidly developing and evolving, incorporating cutting-edge technologies and novel business models. Because of this, anyone interested in learning about cutting-edge financial technology in Africa should attend the Finance Magnates Africa Summit (FMAS:23).
On March 10, 2023, Silicon Valley Bank (SVB), a wholly-owned subsidiary of SVB Financial Group, suffered a collapse following a capital crisis, resulting in the second-largest failure of a financial institution in US history.