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IBM, Accenture & Cisco Top 2017 IDC FI FinTech Rankings Enterprise




IDC Financial Insights has announced the 2017 IDC FinTech Rankings and Real Results, the 14th and 3rd annual respectively with IBM, Accenture; Cisco Systems, Inc. occupying the top three enterprise ranking.

The annual IDC FinTech Rankings evaluate global technology providers of hardware, software, and IT services.

This analysis of revenues derived from the financial services industry creates meaningful rankings and puts the information in the context of industry trends that affect both the institutions that buy technology and the companies that provide IT solutions to the industry. The IDC FinTech Rankings Real Results case study format entries are evaluated by a panel of financial services executives and IDC Financial Insights analysts globally and awarded to the companies that demonstrate innovation and results at a financial institution client.

IDC Financial Insights will formally announce the final rankings at an invitation-only reception on the first night of the 2017 FinovateFall Conference at the New York Hilton Midtown. Finovate is the only conference series focused exclusively on showcasing the best and most innovative new financial and banking technologies.

“We are honored to be at the top of this prestigious global rankings as it validates our focused strategy and the investments we continue to make in innovative new solutions that solve critical problems for financial institutions around the world,” said FIS President and Chief Executive Officer Gary Norcross.

IDC Financial Insights’ unmatched breadth and depth of industry expertise in global financial services, coupled with more than a decade of compiling the IDC FinTech Rankings, is what differentiates the IDC FinTech Rankings program.

This keen insight helps the team at IDC Financial Insights offer client institutions – banks, capital market firms, and insurance companies – with the insight needed to drive strategic IT investment decisions.

“We are thrilled to announce the 2017 IDC FinTech Rankings and Real Results, and congratulate the global financial services technology leaders exemplified,” said Karen Massey, senior analyst, IDC Financial Insights. “The financial services industry is currently faced with a disruptive landscape and changing consumer behaviors. The IDC FinTech Rankings represent those IT providers that have demonstrated success and are poised to take their financial institution clients to the next level of innovation and transformation.”

The 2017 IDC FI FinTech Rankings Top 10 include FIS, Tata Consultancy Services, Fiserv, Inc., Cognizant Technology Solutions, NTT DATA. Diebold Nixdorf, Infosys, Limited, NCR Corporation, Total System Services, Inc. (TSYS) and Nomura Research Institute, Ltd.

Also, the 2017 IDC Fintech Rankings Real Results Overall Winner as announced is GFT Technologies.



Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Some $408m Fund for Internet Access Sitting Idle



New research indicates more than $4008million in public funding collected to expand internet access in Africa is sitting dormant in public coffers.


The research from the Web Foundation, Alliance for Affordable Internet and United Nations Women, released at the 62nd UN Commission on the Status of Women, found many governments are failing to take action to connect women and other offline populations, despite funds earmarked for it.


UN Women calls on government to invest at least half of the Universal Service and Access Funds (USAFs)—communal public funds dedicated to expanding internet connectivity—to enabling women access and use the internet.


USAFs offer “an incredible and vastly underutilized opportunity for making real progress, an opportunity we cannot afford to miss,” said Phumzile Mlambo-Ngcuka, Under-Secretary-General of the United Nations, Executive Director of UN Women.


“Every day that these funds remain unused is another day women and girls are sidelined in the digital revolution. We call on governments to take immediate action to put these funds toward their intended purpose, and to work to make the digital divide history—starting with women and girls.”


The connection could bring six million women online, provide digital skills to 16 million women and girls, according to the report Universal Service and Access Funds: An Untapped Resource to Close the Gender Digital Divide.


It noted that failure to utilise the funds risks widening global inequality and undermining global development.


“We can’t reduce global inequality without closing the digital divide and online gender gap,” said Sonia Jorge, executive director of the Alliance for Affordable Internet and head of digital inclusion programmes at the Web Foundation.


“We must act now to stop the online world from entrenching offline inequalities. We call on governments to make effective and timely use of available funds, and to invest at least 50 per cent of them in projects aimed at bringing more women online.”


Up to four billion people are not connected online globally. Only around 2 in 10 people in Africa are online.


The continent has the widest gap in internet use between men and women.


This is even though 37 African countries have a USAF in place, and 62% of the funds considered active, the research found.


But, most governments are failing to spend the USAF funds collected. In 2016, USAFs across Africa disbursed just 54 per cent of funds collected.


Few countries are focused on improving women’s internet access and use — despite the worsening digital gender gap.


Just three of the 37 countries with USAFs have universal access policies guiding the USAF that explicitly aim to connect women and girls through the fund.


Analysis in the report shows that in order to reduce the growing global gender gap in internet use—a gap which is widest in Africa—USAFs should boost investments in programmes that aim specifically to tackle obstacles to internet use and access faced by women.






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BHS to Unveil Nigeria’s First Online Trade Fair In May



A Nigerian firm, Best Hope Services, says it will unveil the first online trade exhibition in the country in May to promote innovations by local inventors, scholars and entrepreneurs.

Olu Adenodi , Chief Executive officer of the Company told newsmen yesterday in Lagos that the online trade fair would allow exhibitors to showcase their products to the world without having to hire an exhibition ground.

According to him, the e-fair will also enable visitors to conveniently participate in the trade exhibition without leaving the comfort of their homes or offices.

“We observed that most innovations in our tertiary institutions will only be heard of for a while but would not be developed, this medium allows for the promotion of such.

“We are creating an opportunity of translating what is obtainable only on land or terrestrial into the air or outer space, taking full advantage of technology and utilising the internet to the fullest,” he said.

Also speaking, the originator of the e-Fair, Prof. Joseph Mba said that the online expo would have huge positive impact on national development.

He said that Nigeria and Africa academic researchers, inventors and problem solvers would be inspired and motivated to creativity and innovations with this idea.

According to him, the e-fair would cover four strategic areas: e-fair expo, e-fair connect, e-fair trade and e-fair events with the aim to have an online trade fair.

He urged Nigerians to register on the website ahead of the first mega online expo for all industries which is scheduled for May 1.

“The timetable had been drawn for different sectors like: technology, automobiles, electronics- home and office durable consumables.

“We urge Nigerians to register before the fair commences in May,” he said.

BSH International Ltd is the concessionaire in charge of the management of the Tafawa Balewa Square, home of the Lagos annual International trade fair.

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NIRA to Honour Nigerian Internet Innovators @ .ng Awards



NiRA seeks to recognize and acknowledge those who are contributing to the growth of the .ng domain name registration and promotion of the DNS Industry. Using the .ng Awards, NIRA celebrates the achievements and innovation of Nigerian Internet initiatives.

The 2018 .ng Awards serve to promote and commend the excellent achievements of members, stakeholders and the general public, who contribute towards building a sustainable economy using technology, uplift the image of .ng locally and internationally and stimulating the development of local content on the Internet space.

The .ng string is a critical National resource and Nigeria’s unique identity on the World Wide Web. The Nigeria Internet Registration Association (NIRA) an Industry-led stakeholder organization, is the Registry for the .ng domain name and maintains the database of names registered in the .ng country code Top Level Domain (ccTLD) name space in the interest of Nigerians and the global Internet community.

NiRA is pleased to inform the general public that the 2018 .ng Awards is scheduled to hold at 6:00 pm on Friday, 27th April, 2018 in Lagos. The 2018 .ng Awards is the third edition of the .ng Awards and as usual, will be based on merit.

Nomination for the .ng Awards by the general public will commence on Friday, 16th March, 2018 and close at midnight on Friday 30th March, 2018. Members of the public who wish to participate in nominating any organization or individual are to note the nomination criteria. To participate in the nomination or find out more about the awards, kindly visit Voting for the shortlisted nominees would commence on Friday, 6th April, 2018 and end by midnight on Saturday, 21st April, 2018.

We encourage the active participation of all in nominating and voting for your preferred organizations and business in the different award categories.


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