Fintech culture transforms Africa’s FX landscape

Africa’s fragmented markets and lack of legacy foreign exchange trading infrastructure means that the continent has become a melting pot of fintech activity and innovation. The evolution to electronic foreign currency trading in Africa, whilst slow to start, is...

Insurance model requires digital innovation

Insurers must adapt to the new digital environment and provide customers with the same degree of customisation they receive in other industries. This requires the traditional insurance model to make way for strategies that incorporate a lifestyle-centric approach,...

Decrypting blockchain and cryptocurrencies

Cryptocurrencies are dominating the media. This one has collapsed, that one is on the rise, and a new one is around the corner. Their flavour isn’t quite as piquant today as it was yesterday thanks to fraud, an upsurge in Initial Coin Offerings (ICO) and the...

Naked uses AI to change insurance

Insurance start-up Naked has launched with an AI-based car insurance offering. Rebuilt for social good, the new product puts customers in control of their insurance and saves them money. Naked’s car insurance offering has been built on three core principles:...

Virgin Money speeds car insurance

Registered financial services provider Virgin Money South Africa has launched its Online Buying platform, giving consumers more options when sourcing and securing car insurance. Now, customers have the option of using a call centre or can also go online to get insured...

Why insurers should embrace mobile

Even though the market has become more competitive in Africa, many insurers still rely on traditional methods to reach customers. While other industries have been pro-active in their adoption of mobile technology due to its convenience and reach, insurance has...