SWIFT to host open API hackathon
SWIFT will hold an open API hackathon at its annual African Regional Conference (ARC), taking place on 21-23 April in Cape Town. The hackathon aims to identity new solutions to reduce cost in cross-border payments into and within Africa. The hackathon is open to...
How to beat financial fraud
The escalation of financial crime is not far behind the double-digit growth of digital payments. CredoLab's senior vice-president, Tarun Kumar Kalra, says, "Rapid expansion of digital channels, exploding growth in the number and types of devices, and reduced customer...
Old Mutual iWyze, Pineapple Insurance change customer experience
Old Mutual iWYZE and Pineapple Insurance are excited to announce a new partnership that promises to shake up the short-term insurance industry by changing the way South African's experience insurance. Globally, collaborations between traditional insurers and...
Absa, Digital Academy showcase tech talent
Absa Group and The Digital Academy have showcased solutions designed to solve everyday problems, developed by students at the academy. A course in software development is offered as a collaboration between Absa and The Digital Academy. Since the start of the...
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...