Standard Bank sees rapid growth in Instant Money transfers
Digital money transfers are becoming entrenched in South African culture as a popular way to send cash across the country. Today, if you want to send money to anyone, anywhere in South Africa, it can be done via a mobile phone. This infrastructure is widening access...
Cryptocurrencies can drive the UK’s growth post-Brexit
With more than enough of our own political highs and lows to occupy our headlines, the vagaries of British politics don't often win the spotlight at South African dinner tables. By Nic Haralambous, chief operating officer of Coindirect But the looming Brexit deadline...
The state of digital transformation for insurers
Some consider financial services firms to be at the forefront of innovation when it comes to digital transformation initiatives. Although the emergence of fintechs have resulted in incumbents transitioning into a technology-centric environment even faster than before,...
Finding banking’s ‘Phoenix’
For some time, many technologists have predicted that new players and new technologies will quickly gain traction in the local banking industry. In this vision, fintechs, telcos and other agile players will ride roughshod over today's banks. By Felix Antonysamy,...
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...