Traction for Standard Bank’s 3-minute loan
Standard Bank has seen significant uptake of its new three-minute loan, with R260-million worth of loans issued to small and medium-sized enterprises (SMEs). The loan capability, which has been extended online, allows business owners to apply for and receive funds of...
Nedbank payment systems cope with Black Friday traffic
The Black Friday phenomenon has well and truly taken hold in South Africa, as demonstrated by the increase in payment transactions processed by the country's banks in 2019, compared to the same Black Friday period in 2018. Mpho Sadiki, executive: card, payments and...
New Open Banking APIs tested
Breaking new ground in the way banks and third parties collaborate, Digiata put the new Nedbank Open Banking APIs to the test. By Johan Kühn, Director at Digiata At Digiata, we pride ourselves on our curiosity and love of problem-solving, and our ability to embrace...
Financial inclusion is on Africa’s agenda
A year since launching, South Africa's inexpensive and convenient QR cash card and micro transaction platform uKheshe has reached more than 300 000 users. Clayton Hayward, co-founder and CEO of uKheshe, says that the first year has exceeded all expectations. "As a...
uKheshe, Mastercard enable mobile payments for the unbanked
uKheshe, a locally developed financial inclusion platform, is collaborating with Mastercard to enable informal traders, street vendors and casual labourers to accept digital payments through Masterpass, Mastercard's digital payment service. By combining their...
Reviving SA’s payments infrastructure
In the 1980s and early 1990s, South Africa was viewed as having one of the most modern payments system in the world. By Martin Grunewald, executive head: payments business at BankservAfrica Since then, we haven't necessarily kept up with continuous modernisation of...
Hollard Partner Solutions joins forces with SilverBridge
SilverBridge has entered into a contract with The Hollard Life Company to implement the Exergy cloud-based policy administration system for the Hollard Partner Solutions business, a division of the well-known South African insurer. "Our organisation has worked with...
Dawn of the insurtech era
After a long period of debate as to whether the hype is justified, the time of insurtech is at hand, with innovators in this sector helping to reinvigorate insurance with tech-driven business models that completely transform the customer experience. That's the central...
Luno among world’s 10 best exchanges
Luno has been ranked in the top 10 of the new CryptoCompare Exchange Benchmark. Luno came equal tenth out of 165 exchanges which were evaluated as part of the benchmarking process. It received and overall 'A' rating. Commenting on the publication of the CryptoCompare...
FNB and RMB win Best Foreign Exchange Provider award
FNB and RMB have been jointly recognised as the Best Foreign Exchange Provider in South Africa for the fourth year running in the annual World's Best FX Provider awards hosted by Global Finance Magazine. The winners were selected from 113 countries using criteria...
The future of car insurance is here – well, almost ..
.If the crystal ball-gazers are to be believed, hardly any of us will own our own cars in the next 10 years. By Gideon Galloway, CEO of King Price We won't even do our own driving, as fleets of self-driving cars whoosh us silently to where we want to go. And as car...
Data brings personalised insurance to life
How well do you know your clients? Probably not as well as you think. Certainly not as well as they'd like you to. Dr Eugene Wessels, partner: data analytics at King Price Insurance But that's all changing. Clients aren't just demanding greater levels of...