Dec 23, 2019
Swift has opened its global Know Your Customer (KYC) registry to Swift-connected corporate groups, enabling them to manage and share KYC data with their banking partners across the globe. The go-live for corporates follows a successful testing period with 18 leading...
Dec 12, 2019
A new co-operative fintech platform, CoegaX, aims to connect all South Africans to the digital economy by providing free payment services and interest-free production loans. CoegaX, the Collaborative Trading Platform was built by the Forus Foundation, which aims to...
Dec 12, 2019
As we come to the end of a decade, we have seen the evolution of a new breed of customer. This is according to Insurance Institute of South Africa’s CEO Thokozile Mahlangu, who says: “If what we have observed in the past years, a customer active on social...
Dec 9, 2019
Capitec Bank has launched an immersive new mobile game called Livin’ it Up. The game allows users to test their money skills in a virtual world, while picking up tips for real life. Users play as different characters, all trying to achieve typical financial goals...
Dec 9, 2019
Standard Bank has seen significant uptake of its new three-minute loan, with R260-million worth of loans issued to small and medium-sized enterprises (SMEs). The loan capability, which has been extended online, allows business owners to apply for and receive funds of...
Dec 9, 2019
The Black Friday phenomenon has well and truly taken hold in South Africa, as demonstrated by the increase in payment transactions processed by the country’s banks in 2019, compared to the same Black Friday period in 2018. Mpho Sadiki, executive: card, payments...
