Reliable credit scoring made easy
Alternative credit scoring fintech company CredoLab has launched in South Africa to help financial institutions and other lenders credit score more people, especially those who are new to bank and new to credit. Launched in Singapore three years ago, CredoLab develops...
How technology is changing insurance
It's no secret that the insurance sector is conservative by nature and has largely been slow to embrace technology. In the past year, many of the large incumbents have been touting new 'digital' offerings to keep the insurtech challengers like Pineapple, Naked and...
NEC XON creates KYC solution
NEC XON has created a Know Your Customer (KYC) solution to help mobile network operators and financial services businesses comply with legislation while cutting the costs, time, and resources usually associated with issuing SIM and bank cards. Doing so helps them...
Coindirect raises SA trading limit
Coindirect has announced an increase to the trading limits for verified South African traders. The new limit, set at R1-million for fixed quote purchases, comes hot on the heels of the launch of its brokerage style platform, announced on 26 September. The OTC...
Insurers need contextualised marketing
Thanks to digitalisation and the effective analysis of data, marketing continues to become more personalised and contextual. In fact, digital technologies enable companies to provide customers with relevant and quality experiences reflective of today's real-time...
SilverBridge launches AI division
SilverBridge, a provider of insurance software solutions for the African financial services industry, has launched its artificial intelligence (AI) division focusing on Merlynn's Tacit Object Modeller (TOM). "Given the amount of data available to insurers, it has...
Fintech Hackcelerator finalists go head to head
The top 12 innovative and sustainable fintech solutions have been shortlisted for the Global Fintech Hackcelerator @ Southern Africa. The South African Reserve Bank (SARB) will host a Fintech Demo Day on 29 October 2019 to select the two winning solutions. In August...
CredoLab jumpstarts financial inclusion in SA
Alternative credit scoring fintech company CredoLab has officially launched on the African continent with the signing of three new clients - two banks and a leading airtime credit provider. Starting from South Africa, CredoLab is seeking to drive financial inclusion...
EU and banks are ‘falling behind in the global fintech race’
The CEO of one of the world's largest independent financial organisations is calling on the EU to launch its own cryptocurrency in order to compete globally. Joining a line-up at the Delta Summit in Malta that includes Apple co-founder Steve Wozniack and the Prime...
FNB scoops global Data Anywhere award
First National Bank (FNB) has won the Data Anywhere Award at the Data Impact Awards Celebration in New York City. The Data Impact Awards recognize organisations' data success and recognizes the best of the best organizations, leaders of industry and creators of...
New SearchWorks update aids KYC
Eleven years since its initial launch of SearchWorks, fintech company e4 says that the web-based search application service has continued to prove itself as a vital administrative tool. As a key service to professionals across a multitude of industry sectors, e4 has...
How to regulate cryptocurrency
South Africans are increasingly buying cryptocurrencies, many exploring bitcoin or Ethereum as investments for the first time on cryptocurrency platform Luno. Anyone buying cryptocurrency should not only learn as much as they can about the crypto world, but they must...