Microinsurance aims high in 2021
Africa is one of the most under-insured continents in the world. Over half of the countries in Sub-Saharan Africa have an insurance penetration rate of less than one percent, and the picture isn't much different across the rest of the continent. By Marius Botha, Group...
Fintech debuts Open Banking offering in SA
Spot Money has launched what it believes to the be South Africa's first Open Banking offering. The move follows the 2020 acquisition of the Virgin Money South Africa business by a leading South African private equity firm, in partnership with the local executive...
Mastercard evolves contactless technology for a quantum world
The demand for faster, more convenient, safe and now cleaner ways to pay has driven the transition to contactless and this trend will only continue to grow. In fact, in the third quarter of 2020, contactless penetration represented 41% of in-person purchase...
SA investors turn to guaranteed investment solutions
Just when South Africans thought they’d seen the worst in 2020, the second wave of Covid-19 infections hit. Given this latest resurgence of volatility and uncertainty, local investors are understandably concerned about the state of the market and what they can do to...
Mastercard, Network International accelerate digital payment adoption in MEA
Mastercard and strategic partner Network International have collaborated to launch a new digital platform which will accelerate the adoption of digital payments across the Middle East and Africa. With this new digital platform launching in January, Network...
Retail banks put revenue at risk if they fail to enhance their daily banking proposition
Daily banking has always been the glue that cements a customer's relationship with their bank. But regulatory changes, rising customer expectations, new competition, and technological advancements are weakening that glue and threatening banks' profitability. By Dr...
Bill payment trends to watch in 2021
Of all the technology sectors to have prospered amid the Covid-19 pandemic, the online payment space has emerged as one of the most influential, following the call for social distancing and demand for contactless payment solutions. "In fact, the Global Payments Report...
TransUnion, Fincheck partner to improve access to finance for SA consumers
Information and insights company TransUnion has partnered with South Africa's biggest financial marketplace, Fincheck, to make the credit application process easier and less frustrating for consumers. Fincheck is able to make the process of finding the best-suited...
How personal short-term insurance will evolve in 2021
The Covid-19 crisis has reshaped every industry in nearly every country in the world, and South Africa's car insurance market is no exception. By Ernest North, co-founder at Naked While short-term insurers have benefitted from reduced claims under the lockdown due to...
Data brings competitive edge to insurance
Insurers understand all too well the value of managing data and extracting meaningful insights from it. By Kelly Preston, data analytics manager at SilverBridge Holdings But as the number of data points continue to grow exponentially thanks to the Internet of Things...
Understanding fraud trends during Covid-19
Consumers have fully embraced digital payments in the Covid-19 era. In fact, a staggering 78% of consumers have now completely adapted their payment methods due to safety concerns and 48% will no longer shop at a store which doesn’t offer contactless payment. By Bevan...
SilverBridge, HealthCloud deliver AI-driven health insights
SilverBridge and HealthCloud have partnered to provide insurers with a solution that intelligently automates the insurance underwriting process by securely integrating health data and medical records to assess the risk of onboarding individual customers. "Healthcare...