South Africans prefer doing forex online – but banks don’t make it easy
Unless you have a peculiar fondness for queues, chances are you prefer doing as many day-to-day tasks that fall under the "life admin" category as possible online. By Harry Scherzer, CEO of Future Forex Whether it's grocery shopping, renewing your car license disc, or...
How insurtech unlocks business insights
Insurtech is fundamentally reshaping the insurance industry, introducing advanced data analytics to provide more accurate risk assessments, personalised policies, quicker claims processing, and targeted marketing. The result is a level of competitive advantage that is...
Don’t let innovation be a casualty of rapid digital transformation
While there is no doubt that banks around the world fast tracked their digital transformation plans as a result of the pandemic, a report from Accenture posits that the rapid growth in digital services may have negatively affected innovation in the sector. In order to...
Financial sector must comply with new IT risk regulations
South Africa's financial services companies, including insurers, have until 15 November 2024 to comply with the requirements of the new Joint Standard for IT Governance and Risk Management, issued by the Financial Sector Conduct Authority and the Prudential Authority....
Mesh.trade launches tokenised bond in Africa
Mesh.trade has issued what it believes to be Africa's first-ever smart asset, in the form of a tokenised corporate bond. The MOS Initiative (Die MOS), a private company focused on the development of Afrikaans mother tongue education in South Africa, chose Mesh.trade...
Cybersecurity strategies for cloud acceleration in financial services
Effective cybersecurity must align to organisation's needs and take its lead from its requirements. Security must enable, not define. By Todd Schoeman, BT client business director in South Africa Thus, understanding your organisation's operational environment and what...
What to expect in the next era of AI in banking
The rapid evolution of artificial intelligence (AI) has the potential to radically reshape how banks operate from front to back. By Steven Huels, GM: AI business unit at Red Hat This wave of artificial intelligence will have a lasting impact on employees, customers,...
Location intelligence a secret weapon in data-driven banking
New technologies are rapidly reshaping the banking sector, signalling a shift from traditional, branch-centric models to a more data-driven, customer-centric approach. Geographic information systems (GIS) play a crucial role in this transformation by integrating...
Big data makes waves in auditing and finance
Big data has revolutionised the auditing and finance sector in South Africa. With the wealth of information available at their fingertips, auditors and finance professionals are now able to make more informed decisions, uncover patterns and trends, and provide better...
Mastercard partners with fintech SAVA
Mastercard and Johannesburg-based fintech SAVA have announced a partnership that will support small, medium, and micro enterprises (SMMEs) through innovative payments technology and infrastructure. Through the partnership, the two entities will provide small...
Fintech going native in the cloud
The fintech industry is currently experiencing a significant shift away from stand-alone servers (sometimes called 'on tin'), towards a cloud-native infrastructure model. This move has significant benefits for the industry as a whole, and payment-as-a-service...
These things are key to a modular insurance ecosystem
In the insurance industry, staying ahead of the curve and meeting the evolving needs of customers is a continual challenge. Insurers want new, accessible, and affordable products that optimise customer experiences. Their biggest hurdle tends to be inflexible and...