The October Recap

A warm welcome to the October edition of our global newsletter! As always, we have exciting updates from Workpay and around the world.

Before we jump in, October marks the start of the year’s final quarter—a time when many are focused on finishing the year strong while also setting the groundwork for a successful Q1 next year. We recognize how challenging this balance can be, and we wish you every success in reaching your year-end goals.

Dive in!. Let’s explore together!

Updates from Inside Workpay

Workpay Listed in CB Insights' 2024 Fintech 100

We’re excited to be named by CB insights as one of the world’s 100 most promising private fintech companies . Alongside other 99 Fintechs across the globe, we are confident that access to financial services for all continues to expand. Celebrate with us ????

Updates across Africa

The Biggest Data Breaches in 2024: 1 Billion Stolen Records and Rising

From huge stores of customers’ personal information getting scraped, stolen, and posted online, to reams of medical data getting stolen, the worst data breaches of 2024 have surpassed 1 billion stolen records and are rising. These breaches not only affect the individuals whose data was irretrievably exposed, but also embolden the criminals who profit from their malicious cyberattacks. Read more on Tech Crunch

Kenya Lost $83 million to Cybercrime in 2023 and Detected 1.1 Billion Threats in Q2, 2024

The Communications Authority of Kenya has revealed that the country lost (Sh10.71 billion) $83 million to cybercrime in 2023. This ranks the country second in Africa, trailing only Nigeria with a loss of $1.8 billion. With much more cyber threats detected in Q2, 2024, Kenya saw a 16.50% rise as compared to Q1. To uncover more details, read more on Tech Point Africa

Why GTBank Has Struggled With its Switch to Finacle

On the morning of October 14, GTBank completed its switch to Finacle, its new core banking platform, a move that was a year in the making. But while the bank told its customers that they could complete transactions, the reality has been failed transfers and erroneous debit and credit alerts. But how long would this continue? Read more on Tech Cabal to find out

The Pivotal Role Organizations Must Embrace for the Future of Recruitment

In the interconnected world of today, organizations must evolve beyond traditional recruitment methods to attract top global talent. With a diverse workforce offering numerous advantages, organizations have a role to play in shaping the future of recruitment. Find out how on this article by Trinet

A nook into our blog

5 Financial Service Solutions Transforming the Workplace

In today’s rapidly evolving financial services industry, businesses are finding innovative ways to support their employees’ financial well-being. With growing demands on both employers and employees, the need for flexible and accessible financial services has become very critical, but these five transformative solutions are significantly enhancing the workplace experience. Read more on our blog to find out.

Expert Compliance Tips for Startups in Nigeria

Making sure your startup follows the rules is super important for its success, especially in Nigeria. With a lot of hurdles to jump, coupled with compliance obligations, we've put together some top advice to navigate the usual challenges you might face, what legal bits you absolutely must pay attention to, and tips on managing all these requirements well. Read more on our blog to find out

Entertainment and Sports

Some Office LOLs ?? that cracked us up this month

Man Utd Finally Part Ways With Ten Hag.?

As anyone who has been in a doomed relationship will be able to tell you, once you have start to have doubts, it's best to end it there and then. And that is what Manchester United should have done with Erik ten Hag. But why did they leave it so long? Goal weighs in on what this means for the English former giants. Read here for more

Almost-Unbeatable Rodri a Deserving Ballon d'Or Winner

Rodri is more than deserving of the Ballon d'Or!? At 28, Rodri was pivotal to both his club's and country’s victories last season, and his incredible contributions are finally getting the recognition they deserve. This feature explores why Rodri is a worthy contender for this prestigious award. Read more on Goal