TechITEZ launches insuretech solutions
The insurance industry is becoming more technologically advanced and disrupted by the day. This is happening against a backdrop where insurers are under massive pressure to manage costs, attract and retain clients in a shrinking market pool, improve claims management...
Paxful looks back on five years of bitcoin growth
Global peer-to-peer bitcoin marketplace Paxful has announced its official 2019 growth metrics. On its platform, Paxful sees bitcoin (BTC) trades denominated in most national fiat currencies across methods such as gift cards, bank transfer, and online wallets. The...
How blockchain is disrupting the insurance industry
Most insurers have started exploring the opportunities the blockchain can deliver to their business. With 81% of insurers globally familiar with the technology, some areas of focus are fraud prevention, the digital tracking of medical records, and developing smart...
Swift opens KYC Registry to corporates
Swift has opened its global Know Your Customer (KYC) registry to Swift-connected corporate groups, enabling them to manage and share KYC data with their banking partners across the globe. The go-live for corporates follows a successful testing period with 18 leading...
IoT and its role in insurance
By the end of this year, forecasts anticipated that there will be more than 14-billion Internet of Things (IoT) devices in use with that number expected to reach 25-billion by 2021. Furthermore, the global market for IoT is projected to grow significantly between 2018...
Myths and realities of fintech lending
Fintech start-ups have transformed the market for consumer lending in the US and other mature credit markets, by giving people an alternative way of borrowing money without having to go through a bank or a traditional lending institution. We see a similar trend...
New free platform to connect the unbanked
A new co-operative fintech platform, CoegaX, aims to connect all South Africans to the digital economy by providing free payment services and interest-free production loans. CoegaX, the Collaborative Trading Platform was built by the Forus Foundation, which aims to...
Insurance professionals must upskill to remain relevant
As we come to the end of a decade, we have seen the evolution of a new breed of customer. This is according to Insurance Institute of South Africa's CEO Thokozile Mahlangu, who says: "If what we have observed in the past years, a customer active on social media, whose...
Capitec launches money-themed mobile game
Capitec Bank has launched an immersive new mobile game called Livin’ it Up. The game allows users to test their money skills in a virtual world, while picking up tips for real life. Users play as different characters, all trying to achieve typical financial goals...
Traction for Standard Bank’s 3-minute loan
Standard Bank has seen significant uptake of its new three-minute loan, with R260-million worth of loans issued to small and medium-sized enterprises (SMEs). The loan capability, which has been extended online, allows business owners to apply for and receive funds of...
Nedbank payment systems cope with Black Friday traffic
The Black Friday phenomenon has well and truly taken hold in South Africa, as demonstrated by the increase in payment transactions processed by the country's banks in 2019, compared to the same Black Friday period in 2018. Mpho Sadiki, executive: card, payments and...
New Open Banking APIs tested
Breaking new ground in the way banks and third parties collaborate, Digiata put the new Nedbank Open Banking APIs to the test. By Johan Kühn, Director at Digiata At Digiata, we pride ourselves on our curiosity and love of problem-solving, and our ability to embrace...