SA’s fintechs innovative, sophisticated

In 2016 $5.5bn of venture capital investment went into payments startups. This represented 22% of global fintech investment activity. Dominique Collett, senior investment executive at Rand Merchant Investments and the head of AlphaCode In South Africa, payments still...

Cash here to stay

Cash, and the ATM, are here to stay, despite the growth in use of digital payment channels. This is according to Allen Mahadeo, head of self-service channels and branchless banking at Absa, who believes that the writing is not yet on the wall for cash or for the...

Virtual cards extend financial inclusion

It’s never been simpler to shop online. Flowers, sneakers, food, diplomas – you name it, you can buy it online. Except you can’t, if you don’t have a credit card. Two in three black teens in the US make purchases online, so retailers are...

Crunch time for authentication decisions

Banks are revisiting their choices around authentication technology as new protocols become available and consumer behaviour swings towards a massive take-up of mobile transactions. As many as half of all online transactions in South Africa are not completed because...

Namibian banks embrace digital transformation

One of the biggest challenges facing financial services organisations that are embarking on digital transformation initiatives, is to integrate data while still ensuring business continuity. For Namibian-based Capricorn Group, Veeam Software provided the assistance it...

The face of insurance risk in an IoT-enabled world

We live in an increasingly connected world, and if the Internet of Things (IoT) has its way, technology is poised to change life as we know it – by interconnecting everything around us and integrating technological insight into physical everyday items. This...