Microsoft and SilverBridge partner on insurance solution
With more than two decades' experience in the insurance market, SilverBridge has continually evolved to deliver on market requirements. With the significant investment by global cloud providers in the country, the organisation is well positioned to continue doing so....
UK forex exchange invites South Africans to crowdfund
A UK-based business, Fourex, developed by South Africans and with a well-known South African board, has opened its second round of crowdfunding to raise R16,3-million and is inviting South Africans to participate. Its first round was oversubscribed by 243%. Fourex...
Guardrisk sell insurance policy via WhatsApp chatbot
The launch of what is believed to be South Africa'ss first non-life insurance WhatsApp chatbot, took just two weeks from concept to launch. Guardrisk - part of Momentum Metropolitan Holdings Limited - has partnered with fintech start-up Root to extend its CarSure...
An IT partner can accelerate a bank’s digital journey
Instead of examining the advantages and disadvantages of digital banking versus traditional banking, it should rather be accepted that digitisation is the direction in which all banks need to move. By Steve Lauter, head of banking for Africa at Wipro These days, it's...
Women make better investors
A recent study by the Warwick Business School, which analysed the behaviour and returns of 2 800 investors over three years, found that women outperform men by 1,8%. By looking at a range of criteria, the study was able to ascertain a number of significant differences...
A cashless society may not equal financial inclusion
As the world adopts the digitisation of everyday life, there is a global trend aiming at financial inclusion. The improvements in technology have resulted in opportunities for payment solutions and governments to offer more affordable transacting for the previously...
Insurance in the age of robo-surgeons and self-driving cars
Should Elon Musk's robot-surgeon start inserting electrodes into human brains to connect humans and computers via a high-bandwidth brain-machine? What exactly are the implications for medical insurance? By Gielie Matthee, head of actuarial and data analytics at Santam...
Why analogue tax solutions won’t work in the new digital reality
When taking a fresh look at new technology capabilities and related operating models, chief financial officers (CFOs) may find that they can have it all - a high performing, efficient tax department that's tightly integrated with finance and the rest of the...
Helping customers manage money on the move
Consumers are using mobile devices to purchase financial services and to manage their accounts and this has largely led to the rise in branch closures at most major banks. The financial sector urgently needs to strategically enable its customers to manage their money...
Standard Bank sees Instant Money uptake
Digital money transfers are becoming South Africa's favourite way of transferring cash across the country with volumes climbing at the end of each month, during long weekends, school holidays and during traditional peak holiday seasons. Standard Bank offers the...
FNB revamps eBucks Rewards for business
FNB's eBucks Rewards programme for businesses will be changing from 1 September 2019. The bank has simplified the way FNB Business and RMB Private Bank Business customers qualify, get rewarded and move up tiers. Businesses will be required to meet a new set of...
On-demand economy ushers in a new era of choice
Today, owning DVDs and CDs seems like a quaint idea - why would you clutter your home with physical media when you can get the music or movies you want over the Internet on a pay-per-download or subscription basis? But the digitalisation of our entertainment is just...