FNB confirms measures to help impacted customers
During the lockdown, government has assured the country that essential banking services will remain available and this was reiterated by the Banking Association of South Africa (BASA). "As a financial services provider and corporate citizen with over 40 000 staff,...
Wesbank offers relief plans
In response to the unprecedented pandemic, WesBank has devised payment relief plans to assist customers and partners who have been impacted by Covid-19. WesBank provides a wide range of financial services products to the retail and corporate market in South Africa...
Lockdown sees surge in the use of fintech apps
Coronavirus-triggered social distancing, isolation and lockdowns have driven-up the use of financial apps in Europe by 72 per cent in a week, reveals deVere Group, one of the world's largest independent financial advisory organisations. The sharp increase in the use...
Iress launches coronavirus support and resource hub
Iress has announced the launch of a new hub to provide free technology-related information and support for the financial services industry as it adjusts to new ways of working. Visitors can access a range of guidance and tools including information on how to continue...
Is AI reinventing insurance?
This was the question posed by Bill Hoggarth, national sales manager: digital business solutions at Datacentrix, speaking at the recent 'Robotics, Drones and AI in Insurance Conference'. In answer to the question, Hoggarth clarified that no, he did not believe that...
SilverBridge supports Airbuy in driving fintech innovation
SilverBridge and fintech Airbuy have entered the second year of an enterprise development programme, highlighting how the technology solutions provider can assist start-ups in unlocking additional value by providing them with the relevant expertise to navigate the...
Covid-19: a new environment for insurers and claimants
After the likely spike in insurance claims arising from the Covid-19 pandemic, insurers are likely to introduce new or change existing exclusionary clauses which were not previously considered to be necessary. By Maria Philippides, Raynold Tlhavani, Caroline...
What the future world of claims will look like
Industry 4.0 has seen the rapid advancement of next generation capabilities such as automation, artificial intelligence (AI) and advanced analytics, which are massively impacting all business functions. Rowland Ramalingam, head of non-motor claims at Santam, says: "We...
Jini Guru partners with Azilen on payment solutions
Local cloud platform builder Jini Guru, has partnered with product engineering company Azilen Technologies to build fintech solutions for emerging markets. Mike Smits, co-founder of Jini Guru, says that the collaboration between the two companies brings immense skills...
Trends shaping the insurance sector
Across the globe, trends in technology, economics and socioeconomics are culminating to disrupt the way entire industries operate and deliver products and services to consumers. By Carl Moodley, chief underwriting and claims officer; Stuart Forbes, chief risk and...
Trends that will shape insurance in 2020
The insurance industry stands on the precipice of profound change - not just digital disruption, but disruption that extends to satisfying increasingly demanding customers, acquiring new ones and adapting to a changing set of challenges that are transforming the...
Temenos selected to drive digital transformation at ATIB
Assaray Trade and Investment Bank (ATIB) has selected Temenos Infinity and Temenos Transact to power its digital transformation. Temenos' cloud-native, cloud-agnostic banking platform will enable the bank to quickly launch new digital products for retail and corporate...