Fintech helps control medical costs
Between 70 - 80% of employed South Africans cannot afford medical aid and do not always have cash readily available to pay for unexpected medical expenses. Increasingly, employers are unable to offer access to a medical aid. Even those South Africans who can afford a...
Banks have to help customers improve finances
The South African banking sector continues to go through remarkable evolution due to its competitive nature and rising consumer expectations. Raj Makanjee, chief executive of FNB Retail, says financial pressure on households is one of several factors that is...
AI helps unlock data potential of banks
Artificial intelligence (AI) provides banks with the means to make better use of the massive amount of data at their disposal. In doing so, they can identify opportunities for growth faster and gain significant competitive advantage at a time when more agile digital...
Luno exchange launches automated withdrawals
Luno has introduced faster and automated withdrawals to its South African customers at no additional charge. This means customers are no longer restricted to daily withdrawal schedules. "Luno customers wanting to withdraw their rands on the Luno platform can now count...
New tax app eases VAT compliance
A new VAT app, developed by a tax expert at hApp-e-tax, offers answers to VAT queries for accountants, auditors, tax practitioners, lawyers and entrepreneurs. The app includes the VAT Act, Customs and Excise Act, Securities Transfer Tax Act, Estate Duty Act and...
Future of African payments based on pragmatism
As we enter the next decade, local and African merchants should support payment methods that suit their customers, rather than following global trends just for the sake of it. Peter Harvey, MD of payment service provider DPO SA, looks at five trends we can expect over...
Naked launches digital car, home insurance
Naked, the end-to-end artificial intelligence-driven insurance platform, is building on its car insurance launch by bringing its offering to the home insurance market. Customers can now get comprehensive, instant cover for their home and the things they own through...
Startup threatens SA home loans industry shakeup
Digital home loan startup, MortgageMarket.co.za, is set to change the slow and cumbersome traditional home loan application process by offering consumers convenience, transparency and choice when it comes to finding the best home loan deal. It's South Africa's first...
What can SA fintech expect in 2020?
Fintech is rapidly transforming the very essence of global financial services, writes Dominique Collett, a senior investment executive at Rand Merchant Investment Holdings and the head of AlphaCode. Here at AlphaCode, we spend a lot of time researching and thinking...
TechITEZ launches insuretech solutions
The insurance industry is becoming more technologically advanced and disrupted by the day. This is happening against a backdrop where insurers are under massive pressure to manage costs, attract and retain clients in a shrinking market pool, improve claims management...
Paxful looks back on five years of bitcoin growth
Global peer-to-peer bitcoin marketplace Paxful has announced its official 2019 growth metrics. On its platform, Paxful sees bitcoin (BTC) trades denominated in most national fiat currencies across methods such as gift cards, bank transfer, and online wallets. The...
How blockchain is disrupting the insurance industry
Most insurers have started exploring the opportunities the blockchain can deliver to their business. With 81% of insurers globally familiar with the technology, some areas of focus are fraud prevention, the digital tracking of medical records, and developing smart...