Cybersecurity is key to underpinning Africa’s open banking dream
Africa’s financial sector is evolving fast. Open banking – the model where banks share customer data securely with third parties via APIs – is starting to take root across the continent. In markets like Nigeria, Kenya and South Africa, fintech innovation is driving...
Counting down to the death of the magstripe
With just nine months to go until the March 2026 deadline set by the Payments Association of South Africa (PASA) for the industry-wide replacement of magstripe fleet cards, Payment24 in close partnership with its partners, is already prepared. With traditional...
Change Logic and BankservAfrica’s EPMO drive a Structured Change Management Approach for Payments Modernisation Success
Partnering with Change Logic, BankservAfrica successfully delivered a successful change enablement programme for one of South Africa’s ambitious payments modernisation initiatives. Through a structured and deliberate approach to change management, BankservAfrica...
How insurers can manage premium skipping
Insurers plan for lapses in insurance policies, but in tough financial times, lapse rates tend to go up, writes J’Mari Kloppers, senior solutions engineer at Root platform. Traditional insurance approaches to unpaid premiums rely on punitive measures: stern warnings,...
Buy now, panic later: A legal deep dive into SA’s payment revolution
Buy Now, Pay Later (BNPL) payment options have strutted onto South Africa’s financial runway with the swagger of innovation — offering interest-free instalments, bypassing traditional credit checks, and boasting sleek user interfaces that make old-school lay-bys look...
Why fintechs should know about PEPs and PIPs
If you’re a fintech operating in South Africa, your business relationships with a Politically Exposed Person (PEP) could lead to a very serious misstep within your business without the proper due diligence. That’s because screening for PEPs and Prominent Influential...
How macro trends in the credit solutions market are evolving
Navigating the current volatile geopolitical and macroeconomic landscape is crucial for businesses to ensure uninterrupted trade and finance access. Global economic resilience is being tested by escalating geopolitical tensions and trade relations. At the same time,...
How fintech is shaping SA’s digital payment infrastructure
When we think of financial access, we often think of the 'front door' – the point-of-sale, the payment link, the app. But beyond that door is a complex ecosystem that powers every transaction, every transfer, every financial decision. By Mpho Sadiki, group MD for...
The intersection of fintech, AI and robust infrastructure is shaping the future of finance
The rapid convergence of fintech, Artificial Intelligence (AI) and robust infrastructure is significantly reshaping the global financial landscape, driving efficiency, innovation and inclusivity. By Justin Poiroux, chief technology officer and co-founder of Yellow...
Data insights are transforming the lending landscape
The Romans consulted chickens. Today, lenders consult data. But just having data isn't enough, writes Francois Grobler, chief of decision analytics at Experian. Mountains of raw credit data can be overwhelming and, frankly, not much more insightful than a coop full of...
Cybersecurity, cyber resilience requirements come into force soon
Financial institutions have until 1 June 2025 to comply with South Africa's Joint Standard 2 of 2024: Cybersecurity and Cyber Resilience, published by the Financial Sector Conduct Authority (FSCA) and the Prudential Authority (Authorities) in May 2024. "The Joint...
Africa democratises SMEs’ access to funding
In South Africa’s fast-evolving business landscape, access to funding remains one of the most persistent barriers to growth for small, medium and micro enterprises (SMEs). By Andrew Maren, founder and CEO of ProfitShare Partners These businesses are often hailed as...