How insurtech can help prevent fraud
Insurance fraud is soaring around the world, with a study by The Coalition Against Insurance Fraud (CAIF) last year indicating that insurance fraud in the US alone costs consumers $308,6-billion yearly. Zurich UK, one of Britain's biggest insurers, said the number of...
How digital is shaping the future of banking
If banks want to remain competitive in the face of neo-bank and fintech upstarts, they'll have to fundamentally change the way they do business to be digital first. And, if they're going to achieve that goal, then working with technology partners to ensure that they...
Trends that are shaping the insurance sector
As the world weathers a growing financial crisis, socio-political instability, the post pandemic repercussions and major weather catastrophes, the impact on clients and insurers alike has been profound. South Africa has not emerged unscathed, and a combination of both...
How tech can help with fintech compliance
South Africa's fintech sector is growing exponentially, with 71% of consumers now using fintech to perform five or more everyday financial tasks. Consequently, a number of regulations to govern the industry are currently being developed, amended, or discussed....
What goes into that insurance app?
Most of us know that taking out insurance is a sure sign of "having your life together" and have some form of insurance for our cars, home, life or funeral. If you don't, you know you should. By Sizwe Mase, business development lead at Root Platform Like a growing...
Huawei launches Mega ICT infrastructure package
Huawei launched its Mega ICT infrastructure package solution for the African banking market, at Huawei Intelligent Finance Summit for Africa 2023 in Cape Town. The solution aims to ensure that banks and other financial service companies across the continent are...
Building a digital, sustainable bank for the future
Banking, like many other sectors, has responded to rapid change and evolving customer needs by developing a digital strategy. By Takalane Khashane, MD of Iron Mountain South Africa Banks in South Africa are increasingly using new technologies, digital solutions and...
Growing compliance could take a toll on acquiring margins
Banks hoping to navigate the uncertainties of 2023 will be looking to their modernisation efforts as a way to claw back some value. In its 2023 banking outlook, Deloitte has advised banks to "...reassess traditional product, service, and industry boundaries to create...
Huawei Cloud introduces smart finance solution
Huawei has launched its Huawei Cloud's all-scenario smart finance solution to Africa. The solution, announced at the Huawei Intelligent Finance Summit for Africa 2023, will effectively drive the digitisation and leapfrogging development of African's financial and...
New opportunities for long term insurers
The rapid adoption of technology has disrupted traditional business models, with many institutions forced to digitise faster than anticipated. The Covid-19 pandemic also played a key role in accelerating the adoption of technology over face-to-face interaction. By...
Payshap to spur chat commerce but pricing complexity will impact uptake
South Africa's long awaited and highly anticipated rapid payment programme (RPP), PayShap, offers huge potential to boost digital payments and, when used in conjunction with technologies such as chat commerce, could serve as a real game changer for businesses. But the...
Huawei calls for a ‘non-stop’ digital future for Africa’s banking industry
Huawei announced its ‘Non Stop Banking’ initiative. Unveiled at the Huawei Intelligent Finance Summit for Africa 2023, the initiative calls for hand-in-hand collaboration between the ICT and banking industries and facilitate a digital future of ‘non-stop’ services,...