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...
Bad data throttles innovation in banking
In banking where service providers are under pressure to deliver anywhere, anytime solutions, the need to scale out digital services is a business priority. Modern applications allow banks to empower users with a new level of end user self-service that is critical at...
Hollard digitalises customer onboarding
SilverBridge Holdings has replaced the manual- and-paper based process of onboarding new customers at Hollard Namibia with a digital environment across its intermediary and call centre channels to improve new business turnaround times and conversion rates at the...
Financial services need to keep improving the customer experience
Financial services continue to be one of the most competitive markets, especially now that it has opened its doors to a global audience via the Internet. By Nick Durrant, CEO of Bluegrass Digital With many clients having already moved to a digital environment, they...
Financial services need to accelerate digital transformation
"Go digital or go dark": Companies that fail to heed this advice, irrespective of sector, run a great risk in the age of technological revolution. By Greg Gatherer, account manager at Liferay Consumers prioritise convenience and will often not see the need to step out...