The importance of alternative data in a tough lending environment

The devastating economic impact of Covid-19 has created a much tougher lending environment for credit providers that now need to go far beyond traditional criteria when assessing risk and modelling future losses on credit granted. By Jaco van Jaarsveldt, chief...

Here’s how financial services companies can benefit from eSignatures

The events over the past year or so, have forced financial services companies to rapidly adapt and evolve the way they interact with customers. By Brent Haumann, MD of Striata Africa Without being able to offer any kind of in-person experience (and people unwilling to...

Security, service assurance vital in financial services

The rise of the pandemic last year meant that corporates around the globe had to embrace a highly dispersed, virtualised environment to keep the wheels of business turning. This is now changing the way that banks need to move forward, with both their security as well...

Data breach financial implications of POPIA

Evolving cyber risks and the Protection of Personal Information Act (POPIA) has created a greater awareness of the financial impact of cyber risks, considering the fact that maximum penalties under POPIA are a R10 million fine or imprisonment for a period not...

Digital trends in the insurance industry

The Covid-19 pandemic has ushered in ample opportunities by accelerating the digital transition of tasks that were once considered mundane. By Kevin Wright, CIO of Santam Group In recognition of the importance of this, almost all players in the insurance sector are...

Fintech steps in where government and banks fail SMEs

Fintech has stepped in where most others have failed, providing small and medium enterprises (SMEs) with the support they need to scale and create jobs, while simultaneously making funding possible for micro-enterprises that have previously been excluded by mainstream...