Data strategy is key to success in financial services

Even though concepts such as DevOps and MLOps have gained support in recent years, FinOps is a relatively new discipline that has yet to become generally practised. And yet, its potential to enhance financial services through a reinvented data strategy is significant....

A minefield of taxes lies ahead for crypto asset transactions

A gain on the disposal of crypto assets may be taxed as either revenue or capital, in line with the same income tax rules that apply to the disposal of shares or unit trust, writes Joon Chong, partner at Webber Wentzel. The gyrations of cryptocurrency markets have...

What do upcoming cryptocurrency regulations mean for your investment?

It was inevitable that, at some point, South African authorities would start regulating cryptocurrencies. While the South African Revenue Service (SARS) has long treated earnings from cryptocurrencies as income tax, the government has made it clear that it believes...

Banks must do more in the face of growing security complexity

As customers demand 24/7 digital access to banking in the post-pandemic reality, fraud and security breaches have become top of mind in this interconnected environment. By Ria Pinto: GM and technology leader of IBM South Africa For the financial services industry, the...

Why billers, retailers and banks should consider open finance solutions

Open banking, a relatively new concept in the field of financial technologies, is fast becoming a major source of innovation that is poised to reshape the banking industry – globally and in Africa. By Clinton Leask, head of Digital at Pay@ Open Banking is a capability...