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SWIFT to Host Open API Hackathon for Cross-Border Payments

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Open API Hackathon

SWIFT will hold an open API hackathon at its annual African Regional Conference (ARC) from April 21-23 in Cape Town, South Africa, the organisers have said.

The hackathon aims to identity new solutions to reduce cost in cross-border payments into and within Africa, a statement dated Wednesday. February 19, 2020 explained.

The hackathon is open to developers and engineers working in the financial sector who want to shape the future of Africa’s growing payments market.

Over two days, teams of developers will be given access to a combination of SWIFT and industry APIs in an open sandbox environment provided by SWIFT. They will be asked to develop solutions to concrete, real-world challenges currently facing the payments industry in Africa.

The teams will then pitch their work in front of an expert industry panel at ARC. The team that develops the most impactful solution will receive complimentary tickets to attend Sibos, SWIFT’s annual global financial conference taking place this year in Boston, USA in October.

All of the code produced by the teams will be published as open source, meaning it can be freely used by the African payments ecosystem to develop new solutions and services.

The hackathon comes at a time when the number of remittance payments going into and across Africa is increasing and value is moving across the continent more frequently than ever before.

However, the current ecosystem is fragmented and according to the World Bank, the costs of cross-border remittance payments into and within Africa are higher than the global average.

The hackathon will seek to address this challenge, using the latest API technologies and best developer talent to deliver new solutions that can be implemented across the continent.

The Innovation Manager at SWIFT, Nkiruka Uwaje, stated that, “There is a huge opportunity for financial institutions, fintechs and telcos operating across Africa to innovate with other ecosystem players and create new and ground-breaking solutions for the African market.

“SWIFT’s aim is to act as a catalyst for creative and entrepreneurial potential across Africa. We’re excited to welcome developers from a range of backgrounds and countries to Cape Town to explore the future of African payments.”

Head of Middle East, Turkey and Africa, Sido Bestani, noted that, “Africa’s financial ecosystem continues to evolve with financial institutions increasingly partnering with fintechs, mobile providers, retailers and more. As the industry comes under pressure to reduce the frictions of cross-border payments, SWIFT is excited to bring together developers from across the continent to address this challenge.”

SWIFT’s African Regional Conference (ARC) is an annual event for the African financial services community, bringing together more than 600 leading financial services professionals from across the continent and beyond.

A professional forum for the exchange of ideas and information, it provides a neutral space for banks, fintechs and other financial institutions to discuss the big trends and issues affecting the continent.

Developers from financial institutions, fintechs, telcos and universities in Africa who are interested in participating in the hackathon have been advised to contact [email protected] for details.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Leticia Otomewo Becomes Secure Electronic Technology’s Acting Secretary

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Secure Electronic Technology

By Aduragbemi Omiyale

One of the players in the Nigerian gaming industry, Secure Electronic Technology (SET) Plc, has appointed Ms Leticia Otomewo as its acting secretary.

This followed the expiration of the company’s service contract with the former occupier of the seat, Ms Irene Attoe, on January 31, 2026.

A statement to the Nigerian Exchange (NGX) Limited on Thursday said Ms Otomewo would remain the organisation’s scribe in an acting capacity, pending the ratification and appointment of a substantive company secretary at the next board meeting.

She was described in the notice signed by the Managing Director of the firm, Mr Oyeyemi Olusoji, as “a results-driven executive with 22 years of experience in driving business growth, leading high-performing teams, and delivering innovative solutions.”

The acting secretary is also said to be “a collaborative leader with a passion for mentoring and developing talent.”

“The company assures the investing public that all Company Secretariat responsibilities and regulatory obligations will continue to be discharged in full compliance with the Companies and Allied Matters Act, applicable regulations, and the Nigerian Exchange Limited Listing Rules,” the disclosure assured.

Meanwhile, the board thanked Ms Attoe “for professionalism and contributions to the Company during the period of her engagement and wishes her well in her future endeavours.”

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Russia Blocks WhatsApp Messaging Service

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WhatsApp Self Messaging Feature

By Adedapo Adesanya

The Russian government on Thursday confirmed it has blocked the WhatsApp messaging service, as it moves to further control information flow in the country.

It urged Russians to use a new state-backed platform called Max instead of the Meta-owned service.

WhatsApp issued a statement earlier saying Russia had attempted to “fully block” its messaging service in the country to force people toward Max, which it described as a “surveillance app.”

“Today the Russian government attempted to fully block WhatsApp in an effort to drive people to a state-owned surveillance app,” WhatsApp posted on social media platform X.

“Trying to isolate over 100 million users from private and secure communication is a backwards step and can only lead to less safety for people in Russia,” it said, adding: “We continue to do everything we can to keep users connected.”

Russia’s latest move against social media platforms and messaging services like WhatsApp, Signal and Telegram comes amid a wider attempt to drive users toward domestic and more easily controlled and monitored services, such as Max.

Russia’s telecoms watchdog, Roskomnadzor, has accused messaging apps Telegram and WhatsApp of failing to comply with Russian legislation requiring companies to store Russian users’ data inside the country, and of failing to introduce measures to stop their platforms from being used for allegedly criminal or terrorist purposes.

It has used this as a basis for slowing down or blocking their operations, with restrictions coming into force since last year.

For Telegram, it may be next, but so far the Russian government has been admittedly slowing down its operations “due to the fact that the company isn’t complying with the requirements of Russian legislation.”

The chat service, founded by Russian developers but headquartered in Dubai, has been a principal target for Roskomnadzor’s scrutiny and increasing restrictions, with users reporting sluggish performance on the app since January.

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Nigerian AI Startup Decide Ranks Fourth Globally for Spreadsheet Accuracy

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Nigerian AI Startup Decide

By Adedapo Adesanya

Nigerian startup, Decide, has emerged as the fourth most accurate Artificial Intelligence (AI) agent for spreadsheet tasks globally, according to results from SpreadsheetBench, a widely referenced benchmark for evaluating AI performance on real-world spreadsheet problems.

According to the founder, Mr Abiodun Adetona, the ranking places Decide alongside well-funded global AI startups, including Microsoft, OpenAI, and Anthropic.

Mr Adetona, an ex-Flutterwave developer, also revealed that Decide now has over 3,000 users, including some who are paying customers, a signal to the ability of the startup to scale in the near future.

SpreadsheetBench is a comprehensive evaluation framework designed to push Large Language Models (LLMs) to their limits in understanding and manipulating spreadsheet data. While many benchmarks focus on simple table QA, SpreadsheetBench treats a spreadsheet as a complex ecosystem involving spatial layouts, formulas, and multi-step reasoning. So far, only three agents rank higher than Decide, namely Nobie Agent, Shortcut.ai, and Qingqiu Agent.

Mr Adetona said SpreadsheetBench measures how well AI agents can handle practical spreadsheet tasks such as writing formulas, cleaning messy data, working across multiple sheets, and reasoning through complex Excel workflows. Decide recorded an 82.5% accuracy score, solving 330 out of 400 verified tasks.

“The result reflects sustained investment in applied research, product iteration, and learning from real-world spreadsheet workloads across a wide range of use cases,” Mr Adetona told Business Post.

For Mr Adetona, who built Decide out of frustration with how much time professionals spend manually cleaning data, debugging formulas, and moving between sheets, “This milestone highlights how focused engineering and domain-specific AI development can deliver frontier-level performance outside of large research organisations. By concentrating on practical business data problems and building systems grounded in real user environments, we believe smaller teams can contribute meaningfully to advancing applied AI.”

“For Decide, this is a foundation for continued progress in intelligent spreadsheet and analytics automation,” he added.

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