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...

IoT and its role in insurance

By the end of this year, forecasts anticipated that there will be more than 14-billion Internet of Things (IoT) devices in use with that number expected to reach 25-billion by 2021. Furthermore, the global market for IoT is projected to grow significantly between 2018...

Myths and realities of fintech lending

Fintech start-ups have transformed the market for consumer lending in the US and other mature credit markets, by giving people an alternative way of borrowing money without having to go through a bank or a traditional lending institution. We see a similar trend...

Black Friday 2019 was anything but black

As an organisation that focuses on the digital payments journey, using technology and innovation to enhance the overall customer experience, Transaction Junction relishes the huge retail trading period that starts with Black Friday and ends with Christmas. A maturing...

Crypto can save retailers in card transaction fees

By 7am on Black Friday 2019, Superbalist had nearly 20 000 orders on its site – only a fraction of the total transactions completed over the entire weekend leading up to Cyber Monday – costing over R10 000 in payment processing fees. For sister company Takealot, which...

Prioritise customer loyalty during the festive season

As the festive season approaches, the retail industry in South Africa is preparing for the record sales and increased demand that are characteristic of the season. While this might be the first order of business, retailers also need to prioritise and focus on...