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...
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,...