Smarter ways to use data to supercharge the banking sector
The South African banking sector remains fiercely competitive with challenger banks and niche lenders intensifying the race. When it comes to securing both the lucrative SMME sector as well as a consumer market more willing than ever to switch, finding ways to curate...
Digital transformation and long-term insurance: navigating trust in the modern world
In a digitally transformed world, trust is becoming an increasingly valuable commodity. This is especially true when it comes to long-term insurance. Consumers need to feel confident that their insurance provider will be there for them in the long run, but in a world...
Partnership eases cross-border payments for African exchanges
The Pan African Payment and Settlement System (PAPSS) and the African Securities Exchange Association (ASEA) have signed a memorandum of understanding (MOU) to enhance collaboration and co-operation in promoting cross-border payments of capital markets infrastructure...
SigniFlow partners with Entrust to enhance trust services
SigniFlow is partnering with Entrust to bring current and new users certificate-based signing from Entrust. "We are excited to announce the addition of Entrust products to SigniFlow's value-added product line during quarter one of 2023," said SigniFlow CEO Leon Van...
New solution makes policy generation 70% faster for Shackleton
Insurtech Root and Shackleton Life have partnered to overhaul the long-term insurance company's policy administration system (PAS). The new system has reduced the time taken to generate a policy by 70%, from 20 minutes to six minutes. Shackleton Life's core product is...
How banking CIOs can enable the business with IT agility
Instead of supporting a piecemeal set of disconnected enterprise applications, IT can lead the way in advocating for platform-based solutions that will scale across use cases, writes Richard Lagerweij, senior director: EMEA at Fico. With an ever-increasing demand for...
Mastercard service modernises international payments
Mastercard has introduced Cross-Border Services Express, a new tool that enables financial institutions to set up international payments for their customers, including consumers and small and medium sized enterprises (SMEs), which have a strong need for improved...
With friends like these … who needs competitors?
For almost 20 years, the South African banking industry has tried to achieve digitisation and innovation, but has largely failed to capitalise on earlier opportunities. By Richard Firth, CEO, MIP Holdings Despite extensive investment into their technology ecosystems,...
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....