Insurtech makes regulatory compliance real in a data-driven world

The looming January 2023 deadline for compliance with the latest evolution of the International Financial Reporting Standard, IFRS 17, has brought the critical issue of visibility of data to the forefront for many insurance companies. “Insurance companies still...

BaaS: tomorrow’s financial solutions, today

A multitude of virtual banking and payment options, cardless and accountless services, and now, banking as a service (BaaS) are making financial inclusion the norm instead of a privilege, says Anton Coertzen, chief commercial officer of fintech enablement partner...

Embracing Open APIs for insurance growth

An Open API (application programming interface) provides standards for how different software communicate with each other. By Annalie Terblanche, product manager at SilverBridge Taking it a step further, an Open API specification (OAS) allows both humans and computers...

Avoiding FATF suspension depends on data

South Africa is the only permanent African member of the Financial Action Task Force (FATF), the global anti-money laundering watchdog. This is why it came as a shock to hear that the country is close to being grey-listed following concerns raised by the global body....

The potential of smart contracts in SA insurance

The global smart contracts market is expected to top the $8,3-million mark by 2030, growing annually by 21,4% from this year. By Yunus Scheepers, chief technology officer at SilverBridge Holdings The blockchain and smart contracts allow insurers to automate the...

In a changing world niche banking is attracting more attention

Traditional banking models have been disrupted long before the Covid-19 pandemic fundamentally changed the way we live, work and shop. “We are seeing a rapid rise in digital banking and niche banking, mainly driven by the changing needs of consumers and...