Banks can learn from cybercriminals

Cybercrime costs the South African economy R5,8-billion a year and 19% of online banking users have fallen victim to online fraud, up from 10% a year ago, says William Lawrence, regional practice lead: Fraud and Financial Crimes at SAS. Understanding how...

Gemalto unveils comprehensive hub service

Gemalto has introduced its Allynis Trusted Services Hub, a turnkey business service that enables financial institutions, enterprises, transport operators and more generally all digital service providers to benefit from a single connection in order to securely deploy...

FNB customers withdraw R9,5bn from retailers

FNB has announced that R9,5-billion has been withdrawn from tills across South Africa since the inception of the Cash@Till service for customers in 2012. Sixty-five percent of this amount was withdrawn in the last year alone (since July 2013). “We have seen strong...

TruTeq Wireless, Westpac Bank team up

Pretoria-based GSM mobile technology company, TruTeq Wireless has partnered with Australia’s leading bank to roll out a mobile banking platform to seven Pacific island countries. Westpac Pacific Banking launched its first USSD-based mobile banking application in...

Sanlam enhances reporting with TBIS, IBM

Technique Business Intelligence Software (TBIS), a member of the PBT group of companies and a Premier IBM Business Partner, has implemented IBM Pure Data for Analytics (Netezza) technology at the Glacier division of Sanlam, to provide it with the means to manage and...

SilverBridge releases Exergy NodeWalker

SilverBridge, a financial services application solutions provider, has introduced an integrated workflow component to its world-class life assurance administration platform. Exergy NodeWalker is creating hype in the industry, helping insurance companies achieve better...