Mama Money expands globally with Western Union
A rapidly growing local money transfer company Mama Money has joined forces with Western Union, enabling Mama Money customers to send money to their loved ones around the world via Western Union's Global Network. Mathieu Coquillon, co-founder of Mama Money, says:...
Risks and opportunities in the fintech world
Technological innovation in financial services is essential to staying in the game. But so is a considered approach to managing risk, writes Kevin Moodley and Christopher O'Flaherty from BDO South Africa. Fintech, regtech, wealthtech, proptech - it feels like every...
Customer satisfaction, value for money the deal breakers for life insurers
One of the biggest changes brought by the Covid-19 outbreak to the insurance industry is that of being a catalyst for customer-centricity and satisfaction in servicing. While most insurers strive for faster, flexible and data-led approaches, the appeal from customers...
FNB SpeedPoint terminals accept UnionPay contactless payment
First National Bank (FNB) and UnionPay International (UPI) have jointly announced that UnionPay cardholders will be able to make contactless payments with their cards via FNB Speedpoint terminals at merchants in South Africa. FNB becomes the first bank in South Africa...
Insurance brokers turn to technology
The Covid-19 lockdown has been a catalyst for brokers to accelerate their use of cloud-based technology platforms to manage client relationships remotely. Unlike ecommerce, which is very much in the public domain, Insurtech platforms have surged in relevance and...
Cloud delivers security for financial services
Worldwide, financial services organisations are turning to the cloud as the means to transform outdated legacy systems and commit to disruptive technologies. The size of the public cloud market is expected to top $354-billion by end of 2022, a significant jump from...
SMEs face barriers to necessary finance
As the coronavirus pandemic forces South Africa to grapple with a new reality, many of the country's significant economic and social challenges have become more severe. By Colin Timmis, Xero SA country manager Many SMEs are struggling to sustain their bottom line, and...
SilverBridge partners with Hollard Botswana on cloud migration
Hollard has modernised its operations by partnering with SilverBridge and migrating its Exergy solution to Microsoft Azure as the independent insurer focuses on embracing emerging technologies to help position the business for a digital world. Previously, Hollard...
Digitalisation in insurance
The current lockdown in South Africa is a major challenge for businesses to maintain operations. For insurers, much of this revolves around empowering employees with the capability to work remotely and continuing to provide customers with the required products and...
A sneak-peek at the future of crypto asset regulation in SA
The Intergovernmental Fintech Working Group (IFWG) has released its long-awaited position paper on Crypto Assets (the Position Paper) following the initial consultation paper published in 2019. By Seshree Govender, Cindy Liebowitz and Fatima Ismail from Webber Wentzel...
MortgageMarket launches instant Home Loan Pre-approval tool
Getting a home can be an exciting yet stressful journey when it comes to knowing if the bank will loan you the necessary funds. In a time where interest rates are at a 25-year low, there's never been a better time to invest in property and it starts with finding out...
Cloud predictions for banking and fintech
The use of cloud-based services has been gaining traction amongst a wide range of industries and businesses. According to Gartner, over the last couple of years, cloud companies have noted more than 17% growth. Additionally, as of 2019, 94% of enterprises are already...