100 banks sign up for Swift Go
Since Swift Go went live in July, 100 banks around the world have signed up, to send fast, predictable, highly secure and competitively priced low-value cross-border payments from their bank accounts. Ten banks are already live with Swift Go, most recently Deutsche...
Standard Bank sees 400% growth in virtual card issuance
While South Africans have been embracing virtual cards for some time, the use of this digital payment method has seen a dramatic rise recently. Data from Standard Bank shows that physical card uptake in 2020 slowed significantly, down over 50% from 2019. Meanwhile,...
The role of the consumer in the creation of insurance products
Traditional insurers are under greater pressure today than ever before, writes Greg Gatherer, account manager at Liferay Africa. Even before the pandemic, South African insurers were facing a whirlwind of claims, raising questions about the long-term viability of the...
Ukheshe partners with African tech unicorn
Fintech enablement partner Ukheshe Technologies has announced a new partnership with Chipper, one of Africa's most valuable startups, to enhance and accelerate the rollout out of Chipper's digital payment offerings. These include free and unlimited P2P payments across...
The effects of climate change on SA’s insurance industry
Climate change is a hotly debated environmental risk and with a marked increase in the frequency and severity of extreme weather events as outlined by Aon's Annual Catastrophe Report, there is a rising concern that weather catastrophes will impact the sustainability...
Digitally-driven solutions can bolster SA’s financial sector
Recent research released by Accenture and the World Economic forum (WEF), estimates that the adoption of digital technologies within the financial services industry can unlock R1,2-trillion in value for the South African financial services industry, its customers and...
Accelerated digital transformation means quick wins for insurers
Across the globe, digitally transformed insurers are weathering the pandemic more successfully than those relying more on in-person intermediation. Robin Wagner, senior vice-president: international insurance at TransUnion, explains why -- and the importance of...
Next-gen tech key in effective anti-money laundering
Money laundering is a global challenge that is rapidly evolving due to a changing economy and the rapid digitalisation of money, combined with ever-growing numbers of cross-border transactions. By Amit Singh, solutions architect at AlphaCodes This digital...
SA’s financial institutions need to pursue their own path to the cloud
Cloud adoption - including hybrid and multi-cloud adoption - is expanding fast among both private and public sector organisations of all sizes. At the enterprise level, consulting firm BCG estimates that two-thirds of companies globally already use multiple clouds. It...
Paxful, OVEX launch new service in SA
G Paxful has announced Transfer to Bank, a service that will debut in South Africa via a partnership with cryptocurrency exchange platform OVEX, which specialises in over-the-counter (OTC) trading. Using OVEX’s instant cashout mechanism, all Paxful users in South...
Are financial services adapting to digital transformation fast enough?
As the events of the past year and a half have forced people to stay home, organisations across the business spectrum have been compelled to accelerate their digital transformation efforts. By Brent Haumann, MD of Striata Far from being able to take a "business as...
Insurance modernisation critical for business success
Even prior to the onset of the Covid-19 pandemic last year, insurers were under pressure to modernise their legacy systems as customers started expecting more agile solutions capable of benefitting from advances in digitalisation, the cloud, and even machine learning...