TechITEZ launches insuretech solutions

The insurance industry is becoming more technologically advanced and disrupted by the day. This is happening against a backdrop where insurers are under massive pressure to manage costs, attract and retain clients in a shrinking market pool, improve claims management...

Swift opens KYC Registry to corporates

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...

New free platform to connect the unbanked

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...

Insurance professionals must upskill to remain relevant

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...

Capitec launches money-themed mobile game

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...

Traction for Standard Bank’s 3-minute loan

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...