Banking-as-a-service to hit mainstream adoption by 2024

Banking-as-a-service (BaaS) will hit mainstream adoption within two years, according to the latest Gartner Hype Cycle for Digital Banking Transformation. Gartner predicts that 30% of banks with greater than $1-billion in assets will launch BaaS for new revenue by the...

Retail comes under ransomware fire

The retail industry had the second highest rate of ransomware attacks last year. A new Sophos sectoral survey report, “The State of Ransomware in Retail 2022”, found that 77% of retail organisations suffered an attack – a 75% increase from 2020.  This is also...

Dating apps could get you more than you bargained for

Tinder’s 10-year anniversary today (12 September), marks a decade of singletons posting personal details online in the hope of finding a new partner. Since its launch, the app has accumulated over 75-million users, all swiping through a match per minute and freely...

Manufacturer confidence dips in tough operating environment

Confidence levels among manufacturers dipped 2 points to 26 in the third quarter, the Q3 Absa Manufacturing Survey shows. “Although cost and stock pressures appear to be easing slightly, manufacturers are still faced with a tough operating environment,” says Justin...

Contactless payments to pass $10trn by 2027

A new study from Juniper Research has found that the value of contactless payment transactions will reach $10-trillion globally by 2027; from $4,6-trillion in 2022. It anticipates that investment in the underlying contactless payments ecosystem, such as...

Ethernet switch and router growth continues

The worldwide Ethernet switch market grew 14,6% year over year in the second quarter of 2022 (2Q22) with revenues of $8,5-billion. The total worldwide enterprise and service provider (SP) router market recorded $4,2-billion in revenue in 2Q22, a 6,3% year-over-year...