Author: Brand Spot

It is truly amazing to see how quickly bitcoin and blockchain technology have grown around the world. New digital assets and decentralized ledger systems are shaking up old ways of doing business in the financial world and opening up new business possibilities. Kenya is one of the first countries to use cryptocurrency. As of 2022, about 6.1 million people, or 10.71% of the population, owned cryptocurrency. Kenya is one of the first places in Africa to adopt these technologies because it has a strong ecosystem of crypto enthusiasts, companies, and regulations that support them. These new ideas are set to…

In today’s fast-paced business world, time is of the essence. Every second counts and any delays or inefficiencies can result in lost opportunities and revenue. That’s why businesses are constantly on the lookout for ways to streamline their processes and increase efficiency. One area that has seen significant advancements in recent years is receipt management. Thanks to the development of Receipt OCR APIs, businesses can now easily and accurately extract data from receipts, eliminating the need for manual data entry. In this blog post, we will explore the benefits of using receipt OCR APIs and how they can help businesses…

Sophos has released the Active Adversary analysis, “It’s Oh So Quiet [?]: The Sophos Active Adversary Report for 1H 2024.” The report, which analyzes more than 150 incident response [IR] cases handled by the Sophos X-Ops IR team in 2023, found that cybercriminals abused remote desktop protocol [RDP]—a common method for establishing remote access on Windows systems—in 90% of attacks. This was the highest incidence of RDP abuse since Sophos began releasing its Active Adversary reports in 2021, covering data from 2020. In addition, external remote services such as RDP were the most common vector by which attackers initially breached…

Visa announced continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions. The new products, part of the end-to-end Visa Protect suite, are designed to reduce fraud across immediate account-to-account and card not present (CNP) payments, as well as transactions both on and off Visa’s network.  Visa Protect is part of a broad suite of Visa value-added services that have grown to nearly 200 products, spanning five high-demand categories: Acceptance, Advisory, Issuing, Open Banking and Protect. To help clients navigate a growing number of complexities, Visa has combined decades of expertise…

Did you know that you can transfer money to other networks through Airtel Money at an affordable rate of as low as Sh6? Airtel Money, in its strive to enhance its customers’ lives, guarantees affordable transaction fees to improve financial inclusion. Recently, the Central Bank of Kenya approved Airtel Money’s request to raise the daily mobile money transaction limit to Sh500,000 from the previous Sh300,000. As a result, customers can now make multiple transactions within the daily limit of Sh500,000, with each transaction capped at Sh250,000. This has increased flexibility allowing Airtel Money users to manage their finances more conveniently.…

Ghana-based health tech leader Rivia, announced today the acquisition of  Waffle, a Ghanaian SaaS company specializing in software for small and medium-sized businesses. The acquisition is expected to accelerate the digitization of Rivia’s network of primary care clinics and streamline the company’s operations. The acquisition brings Waffle’s hospital and inventory management software under the Rivia umbrella, which was recently rebranded as RiviaOS. Waffle founder, Victor Nara, joined Rivia as its chief technology officer. The RiviaOS platform functions as a Healthcare-as-a-Service (HaaS) solution, allowing healthcare providers to access features like appointment scheduling, a booking engine, services storefront, video consultations, e-pharmacy, e-lab,…

Infinix has been recognized as the sixth most innovative company in the Asia-Pacific region by Fast Company in their prestigious annual list of the World’s Most Innovative Companies of 2024. This acknowledgment highlights Infinix’s unwavering dedication to innovation and excellence in the mobile technology industry. The company’s ability to combine cutting-edge technologies with affordable pricing has resonated strongly with consumers in emerging markets. Infinix’s revolutionary 260W fast-charging technologies, alongside AI-powered features such as noise reduction and the Folax virtual assistant, exemplify their commitment to enhancing the user experience. “We are delighted to be acknowledged by Fast Company as one of…

The African gambling sector is rapidly developing, and Kenya is one of the primary target markets for numerous international operators. The industry revenue within the country is projected to reach $99.6 billion, while over 57% of 18+ residents reported participating in casinos and betting activities. Such a prevalence of this risky entertainment raises the need for appropriate gambling regulations and specific tools to avoid potential disorders. Higher accessibility of online casinos in the country increases users’ interest in this pastime. Therefore, gambling addiction rates in Kenya are growing, especially among the younger generation, and this issue must be addressed as…

Salesforce has announced the beta availability of Einstein Copilot for Tableau, a new capability designed to help users in every role and function explore data with AI assistance.  Businesses tend to distribute insights from data in reports and dashboards created by expert analysts. Dashboards created in Tableau are visual and interactive, allowing users to adjust scope by exploring predefined guided paths. But sometimes a user doesn’t find the answer to their question in a dashboard. They need the ability to perform their own exploration of the data without the prerequisite for deep analytical training. With Einstein Copilot for Tableau, users…

POLi is a renowned online payment service for New Zealand and Australian residents. The banking option can be used in numerous industries and allows users to proceed with quick money transfers. According to statistics, over 1.6 million New Zealanders use Poli payments. The number of POLi users in Australia is even higher, as approximately 4 million people prefer this method. Direct transactions from a user account to the business balance make online purchases easy and enjoyable, so it’s not surprising that many take advantage of this method. Security is of special importance for those proceeding with virtual money transfers, and…