Open banking’s relevance to SA

Imagine if you owned your bank data and could decide who you want to share this data with, thereby gaining access to a broad range of products to suit your needs. Matthew Barnard, an executive at software development company BBD, explains this could become a reality...

Virgin Money makes EFT a thing of the past

Virgin Money has launched a new peer-to-peer payment application, Virgin Money Spot. Virgin Money Spot makes sending and requesting money from friends as easy as sending a text message. Users simply download the app, link their Internet-enabled card from any South...

Data still the biggest obstacle in insurance

Insurers have many bespoke solutions to meet the diverse requirements of their customer base. To develop these, they utilise systems such as enterprise resource planning and broker and claims management to pull data together from many disparate sources. But herein...

Embracing automation in insurance

The mere mention of the word automation instils fear in the hearts of most employees. But it does not have to be the case. Automation in the workplace can lead to significant opportunities across the insurance value chain. By Jaco Swanepoel, CEO of SilverBridge...