Digital wallets a game-changer for SMEs, sole traders
South Africa has seen a surge in the adoption of digital wallets and payments, fuelled by their convenience, speed, security and reach. Digital wallets are increasingly being adopted by South African small businesses and traders looking to move away from cash without...
Kotani Pay obtains a CASP Licence
Kotani Pay has become what it believes to be the first on-ramp and off-ramp blockchain fintech to receive a Crypto Asset Service Provider (CASP) license from South Africa's Financial Sector Conduct Authority (FSCA). "This is an exciting time for the Kotani Pay team....
Actionable solutions for FIs to fight money laundering
Far from a victimless white-collar crime, money laundering is a crucial enabler of corruption, drug smuggling, human and wildlife trafficking, terrorism, and other organised criminal activities. The role that banks, lenders, and other Financial Institutions (FIs) play...
Insurance companies can harness emerging tech for skills transfer
Insurance companies are increasingly turning to digital business models to position themselves for future success, with emerging technologies acting as significant drivers of efficiency and effectiveness in various key business areas. Rapidly evolving technologies,...
Financial resources management drives organisational value
In the post-Covid-19 era, cost containment remains a top priority for most businesses. This presents something of a challenge for data science departments seeking to recruit additional or replacement team members, as the value they bring to the organisation can be...
Navigating financial crime and regulatory challenges in cross-border transactions
According to McKinsey research, cross-border payments are a major revenue driver for payments companies and banks, representing worldwide flows of around $150-trillion a year. Remittances offer particularly attractive opportunities for money launderers, terrorist...
Why your bank isn’t up to the task of sending money offshore
South African banks love to promote their tech credentials. They'll incorporate any awards they win for innovation or tech integration into their marketing materials and race each other to introduce new app features. By Harry Scherzer, CEO of FutureForex For the most...
Insurtech expands market for comprehensive insurance products
In sub-Saharan Africa, 52% of adults save in some way, according to the World Bank. Over the last decade, South Africa has made positive strides in financial inclusion, and more than 80% of the adult population now has bank accounts. But real financial inclusion is...
How exporters can overcome cross-border payment challenges
Cross-border trade is a key driver of the South African economy, accounting for over half of the country's total exports. However, South African exporters face several challenges in receiving cross-border payments, including high transaction fees, currency conversion...
SA needs enabling regulations to allow AI innovation for cypto
The transformative power of artificial intelligence (AI) is no longer simply a hypothetical concept as the significant benefits of this technology are being realised across every facet of business, industry, and our daily lives. By Andre van den Berg, director:...
Collaboration key to unlocking fintech’s potential for financial inclusion
The rise of financial technology (fintech) in Africa is not just a story of innovation; it's a narrative about empowerment and transformation. By Chipo Mushwana, executive of emerging innovation and payments at Nedbank As the continent continues to grapple with the...
Blink by MiWay refreshes commitment to tech-driven car cover
In the last decade technology has reshaped the insurance industry for both customers and insurers. The rise of insurtech, technology-driven insurance offerings, has spurred rapid change. Pandemic lockdowns further accelerated the demand for technology-based services...