New solution makes policy generation 70% faster for Shackleton

Insurtech Root and Shackleton Life have partnered to overhaul the long-term insurance company’s policy administration system (PAS). The new system has reduced the time taken to generate a policy by 70%, from 20 minutes to six minutes. Shackleton Life’s...

Mastercard service modernises international payments

Mastercard has introduced Cross-Border Services Express, a new tool that enables financial institutions to set up international payments for their customers, including consumers and small and medium sized enterprises (SMEs), which have a strong need for improved...

Huawei launches Mega ICT infrastructure package

Huawei launched its Mega ICT infrastructure package solution for the African banking market, at Huawei Intelligent Finance Summit for Africa 2023 in Cape Town. The solution aims to ensure that banks and other financial service companies across the continent are...

Growing compliance could take a toll on acquiring margins

Banks hoping to navigate the uncertainties of 2023 will be looking to their modernisation efforts as a way to claw back some value. In its 2023 banking outlook, Deloitte has advised banks to “…reassess traditional product, service, and industry boundaries...

Huawei Cloud introduces smart finance solution

Huawei has launched its Huawei Cloud’s all-scenario smart finance solution to Africa. The solution, announced at the Huawei Intelligent Finance Summit for Africa 2023, will effectively drive the digitisation and leapfrogging development of African’s...