Sanlam rebrands digital innovation hub
Sanlam's millennial-focused digital business, Indie, has rebranded as Sanlam Indie with the aim of cementing its credibility in the market. Indie was launched in early 2018 with the intention of attracting customers online with an array of innovative risk products as...
Banking on fintech collaboration and partnership
South Africa's banking sector is undergoing a process of unprecedented change brought about by the disruptive impact of fintech challengers and the emerging technologies powering their business models. By Andy Wilson, intelligent digital lead at PwC Africa Before this...
How insurers can remain competitive
Globally, insurers are investing in digital technologies to meet increased customer expectations for more customised solutions. JC Oberholzer, Chief System Architect at SilverBridge, believes the rise of insurtechs are adding further impetus to the need for incumbents...
Granadilla’s app-based insurance helps users save
July is savings month and, while tightening the belt on areas where one could spend less will set you in good stead, it is also a good time to reassess your insurance costs. What exactly are you paying and what are you paying for? Insurance is an expense that should...
Fintech and bank partnerships can grow SMEs
The fintech adoption rate in Africa is set to soar, with South Africa ranking third in future growth, after China and India. This is due to the presence of established fintech firms and higher customer acceptance in the country. Partnerships between fintech start-ups...
Microfinancer replaces legacy with Temenos software
Barko Financial Services selected Temenos software to replace its legacy systems, in both core and front office. The microfinance institution will use cloud-native, cloud-agnostic Temenos T24 Transact, the next generation in core banking, and Temenos Infinity, the...
thryve opens Canadian office
thryve, a provider of insurance, risk and governance technology solutions, has opened an office in Toronto, Canada. "The technology sector in Canada is growing at an incredible rate," says Neer Rama, Force Solutions product manager at thryve. "We believe that this is...
Sophisticated tools help track defaulters
The South African Reserve Bank Quarterly Bulletin for March 2019¹ reports that household debt increased at a faster pace in the fourth quarter of 2018, edging up to 72,7% as a percentage of nominal disposable income, and suggesting that South Africans are borrowing to...
Luno launches Ethereum rand trading on its exchange
South African cryptocurrency traders are now able to buy Ethereum using rands directly on the Luno exchange at launch fees of between 0% and 0,2%. Marius Reitz, Luno's GM: Africa, says that a direct Ethereum/rand pair will make it quicker, simpler and cheaper for...
Digitalisation for insurers
Insurance has long been associated with cumbersome, paper-based, manually driven processes. That is no longer good enough. The modern insurer needs to be digitally-savvy to address the needs of increasingly discerning customers, says Kelly Preston, digital manager at...
What’s next on the road to digital innovation?
South Africa's small businesses face a number of challenges: a declining economy, skills shortages and more. By Colin Timmis, general country manager at Xero SA National statistics agency, Statistics South Africa recently revealed that the economy contracted by 3,2%...
What does omnichannel mean for insurance?
For insurers, embracing digital and customer-centricity is really important as they strive to offer customers consistently exceptional experiences. According to Accenture, adapting to changing customer expectations using digital solutions is a fundamental part of...