• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, October 2, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Digital lending should be the next target for banks in Africa- Skaleet CEO

Stephen M.Cby Stephen M.C
December 6, 2021
Reading Time: 3 mins read
Stephen M.Cby Stephen M.C
in Finance, Banking
0
Digital lending should be the next target for banks in Africa- Skaleet CEO

Hervé Manceron- The Chief Executive Officer of Skaleet

The Chief Executive Officer of Skaleet, Hervé Manceron, has stated that the latest expansion of financial institutions such as fintechs, telecos, and neobanks has put a lot of pressure on Africa’s traditional banking system, forcing traditional lenders to create new methods like digital lending to keep up with the competition.

According to the CEO of Skaleet, a Paris-based provider of fundamental banking services to financial institutions in Africa, Europe, and Latin America, Digital lending is the next priority for banks as they try to recapture market dominance.

“Today, digital lending is a nightmare in Africa because of the cost and associated risks. One thing African banks struggle with is interoperability and the next is the capacity to develop digital lending.”

Hervé Manceron

Fintech companies in Africa have emerged from modest beginnings to become some of the continent’s biggest and fastest growing businesses in the last decade.

RelatedPosts

Cross-Border Payments in Minutes: Blockchain Touted as Africa’s Game-Changer at DASA 2025

ADB Boss Hails Akuapem Rural Bank for Empowering Over 5,000 Women with GH¢60m Loans

Government, et.al Unite to Reset Development Bank Ghana After Explosive Audit Report

Fintech companies that provide crucial payment and digital banking services are among Africa’s unicorns (companies valued at more than $1 billion).

Fintechs have been able to recruit clients quickly in the lending industry by providing slick user experiences and unsecured algorithm-backed credit facilities that do not need collateral or face-to-face talks. Traditional lenders, whose services are significantly more clunky and harder to acquire, have lost businesses as a result.

“It is difficult for banks because banks have not changed much in the last 100 years. The one change was the move to card payment but fundamentally nothing in the core business has had to change.”

Hervé Manceron

Despite the challenges banks have in attracting consumers, Manceron believes banks will ultimately develop models that are more lucrative than fintech operators.

The CEO opined that most fintechs are “burning through cash” because their quick expansion is based on unproven business models that necessitate a lot of debt. Banks, on the other hand, are risk-averse and will put a premium on not losing money.

Digital Lending

According to Manceron, if banks implement Skaleet’s digital lending services, they should be able to compete effectively with fintechs that have lately disrupted the African personal loan market

Per the CEO, Trust Merchant Bank, one of the Democratic Republic of Congo (DRC)’s leading banks, has recently established an internet loan  business in the country.

Skaleet will continue to urge banks across Africa to compete as digital lenders in the coming years.

The CEO further mentioned that Skaleet’s priority is to make technological tools available for banks to compete and be able to move into the digital lending space.

Mr. Manceron further stated that Skaleet’s top objective is to provide technological tools to banks so that they can compete and tap into the digital lending space.

“Our main business today is to provide tech to banks to compete with fintechs. The idea is to say that the banks have the capacity to compete, they just need to do it: they just need to act.”

Hervé Manceron

Hervé intimated that pursuing the goal of providing banks with the digital tools they need to fulfill the demands of the modern world has been his long-life goal.

Read Also: Drop E-Levy, It’s Distortionary, Discriminatory And Inefficient – Economists Warn

Tags: africadigitalskaleet
Please login to join discussion
Previous Post

Ghanaians Deserve An Apology But It Shouldn’t End There- First Deputy Speaker

Next Post

Wizkid Bags Two Awards at MOBO

[mc4wp_form id="1264"]

Related Posts

Iran-Israel Tensions Could Trigger Fuel Price Hikes – IES Warns 
Extractives/Energy

Ghana’s Petroleum Supply Sees Regional Shifts with Uneven Growth 

October 2, 2025
IMANI Blames Electoral Commission for Breakdown in Ablekuma North
General News

Franklin Cudjoe Challenges Government on DSTV and Galamsey

October 2, 2025
Global Sumud Flotilla Enters  “High-risk Zone”
Asia

Global Sumud Flotilla Meets Fate Of Its Predecessors

October 2, 2025
Nigeria’s Debt Repayments Dominate Foreign Spending In 2025
Africa

Nigeria’s Debt Repayments Dominate Foreign Spending In 2025

October 2, 2025
Franklin Cudjoe, Founding President of IMANI Centre for Policy and Education
Economy

Ghana’s Economic Gains: IMANI Warns Against Complacency, Demands Sustained Reforms

October 2, 2025
Grammy Academy Approves Shatta Wale’s ‘Street Crown’ for Consideration
Entertainment

Grammy Academy Approves Shatta Wale’s ‘Street Crown’ for Consideration

October 2, 2025
Iran-Israel Tensions Could Trigger Fuel Price Hikes – IES Warns 
Extractives/Energy

Ghana’s Petroleum Supply Sees Regional Shifts with Uneven Growth 

by Prince AgyapongOctober 2, 2025
IMANI Blames Electoral Commission for Breakdown in Ablekuma North
General News

Franklin Cudjoe Challenges Government on DSTV and Galamsey

by Silas Kafui AssemOctober 2, 2025
Global Sumud Flotilla Enters  “High-risk Zone”
Asia

Global Sumud Flotilla Meets Fate Of Its Predecessors

by Comfort AmpomaaOctober 2, 2025
Nigeria’s Debt Repayments Dominate Foreign Spending In 2025
Africa

Nigeria’s Debt Repayments Dominate Foreign Spending In 2025

by Lawrence AnkutseOctober 2, 2025
Franklin Cudjoe, Founding President of IMANI Centre for Policy and Education
Economy

Ghana’s Economic Gains: IMANI Warns Against Complacency, Demands Sustained Reforms

by Evans Junior OwuOctober 2, 2025
Grammy Academy Approves Shatta Wale’s ‘Street Crown’ for Consideration
Entertainment

Grammy Academy Approves Shatta Wale’s ‘Street Crown’ for Consideration

by Esther Korantemaa OffeiOctober 2, 2025
Iran-Israel Tensions Could Trigger Fuel Price Hikes – IES Warns 
IMANI Blames Electoral Commission for Breakdown in Ablekuma North
Global Sumud Flotilla Enters  “High-risk Zone”
Nigeria’s Debt Repayments Dominate Foreign Spending In 2025
Franklin Cudjoe, Founding President of IMANI Centre for Policy and Education
Grammy Academy Approves Shatta Wale’s ‘Street Crown’ for Consideration
[/vc_row_inner]

Recent News

  • Ghana’s Petroleum Supply Sees Regional Shifts with Uneven Growth 
  • Franklin Cudjoe Challenges Government on DSTV and Galamsey
  • Global Sumud Flotilla Meets Fate Of Its Predecessors
  • Nigeria’s Debt Repayments Dominate Foreign Spending In 2025
  • Ghana’s Economic Gains: IMANI Warns Against Complacency, Demands Sustained Reforms
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.