IoT could drive new insurance models

For insurers, the Internet of Things(IOT) can provide value in the form of new insurance models and products based on deeper insight into the customer’s needs, writes William Mzimba, chief executive South and sub-Saharan Africa at Accenture. The rapid increase...

Why are banks struggling with big data?

Financial institutions are ideally positioned to reap a host of benefits from big data, given their access to multiple streams of information, writes Gary Allemann, MD of Master Data Management. However, most banks are still standing at the edge of the big data wave,...

Financial sphere spices it up with gamified learning

From blockchains to mobile wallets and robo advisers, the financial realm is a veritable hotbed of technology innovation and development. Unlike many other large and established sectors (legal, medical, insurance), the financial sphere has proved to be willing to...

Connect with millennials through mobile banking

The future of mobile banking looks bright as far as consumers are concerned, writes Marwan Elnakat, e-banking and e-commerce security solutions director at Gemalto. Millennials are increasingly opting for online and mobile banking options over visiting local branches,...

Mobile banking: the next revolution?

Mobile banking is no longer a “business opportunity” for banks. It’s an imperative. With over 1-billion users already transacting across the globe in 2015 (according to IDC), demand is set to continue to grow – cutting across both developed and...

What African banking can learn from Europe

According to a 2015 KPMG report, banking penetration is as low as 36% in some of the larger African economies, writes Darrel Orsmond, industry head: financial services at SAP Africa. Digital transformation can drive adoption of banking services by enabling banks to...