South African banks must restore trust

The recent failure of African Bank, and the subsequent Moody’s downgrading of all South African banks, indicates a serious lack of trust in the compliance culture of our banking system, says Gary Allemann, MD, Master Data Management. Realistically, no other South...

Insight for the insurance industry

A tidal wave of data is drowning the enterprise. A terabyte, maybe two a few years ago, has grown to several petabytes for the larger entities, and most cannot cope with the speed and velocity at which this data is coming at them. Moreover, the vast majority of the...

Stokvels: a hidden economy?

In a macroeconomic context, the more a nation saves the more it is able to invest, while in a microeconomic sense, individuals deep in debt are not only unable to save, but are constrained in their ability to spend, says Anton de Wet, managing executive: Client...

Digital to revolutionise insurance industy

If, as an industry, we do not transform successfully to being truly digital businesses we will not survive in our current form. This was the overarching message at a recent SSP networking breakfast focussing on the digital evolution and how it is impacting the way...

Accurate databases boost insurance sales

There is no doubt that knowledge is power, and any compilation of information is valuable. Databases are extremely hot commodities, as myriad organisations and industries rely heavily on this information for a variety of purposes. Nowhere is this more true than in the...

Biometrics and the unbanked

Biometric technology has the potential to radically transform the banking industry by securing identities while improving user-friendliness. And, says Nick Perkins, divisional director at Bytes Systems Integration’s Identity Management division, biometrics also holds...