The SARB roadmap to digital payments

On 18 April 2024, the South African Reserve Bank (SARB) published its digital payments roadmap. By Lerato Lamola, partner at Webber Wentzel The document entitled Digital Payments Roadmap: Towards Inclusive, Accessible, Effective and Sustainable Digital Payments in...

How regulators are keeping pace with money laundering techniques

Regulators are moving fast to keep up with the ever-evolving techniques financial criminals use to evade detection of money laundering and terrorist funding. In turn, compliance teams at financial institutions need to be agile to keep up with the rate of change in...

Non-insurers lead the way in empowering shoppers

The insurance industry is poised for a shakeup as consumers start taking a self-service approach to insuring themselves against theft, loss or damage to their valuable goods. Major retailers are at the forefront of this transformative trend. The seamless integration...

Insurer warns of hidden implications of drone use

In recent years, drones have transformed from military apparatus to infiltrating almost every type of industry under the sun, including agriculture. According to Industry ARC, South Africa’s small drone market is experiencing rapid growth, and is expected to...

Standard Bank launched rapid payments platform enabling Payshap

Standard Bank has launched a corporate rapid payments platform designed to offer corporate clients instant payments. The platform gives businesses the ability to receive and payout money instantly. Additionally, it enables them to onboard suppliers quickly as its not...