New tax app eases VAT compliance
A new VAT app, developed by a tax expert at hApp-e-tax, offers answers to VAT queries for accountants, auditors, tax practitioners, lawyers and entrepreneurs. The app includes the VAT Act, Customs and Excise Act, Securities Transfer Tax Act, Estate Duty Act and...
Future of African payments based on pragmatism
As we enter the next decade, local and African merchants should support payment methods that suit their customers, rather than following global trends just for the sake of it. Peter Harvey, MD of payment service provider DPO SA, looks at five trends we can expect over...
Naked launches digital car, home insurance
Naked, the end-to-end artificial intelligence-driven insurance platform, is building on its car insurance launch by bringing its offering to the home insurance market. Customers can now get comprehensive, instant cover for their home and the things they own through...
Startup threatens SA home loans industry shakeup
Digital home loan startup, MortgageMarket.co.za, is set to change the slow and cumbersome traditional home loan application process by offering consumers convenience, transparency and choice when it comes to finding the best home loan deal. It's South Africa's first...
What can SA fintech expect in 2020?
Fintech is rapidly transforming the very essence of global financial services, writes Dominique Collett, a senior investment executive at Rand Merchant Investment Holdings and the head of AlphaCode. Here at AlphaCode, we spend a lot of time researching and thinking...
TechITEZ launches insuretech solutions
The insurance industry is becoming more technologically advanced and disrupted by the day. This is happening against a backdrop where insurers are under massive pressure to manage costs, attract and retain clients in a shrinking market pool, improve claims management...
Paxful looks back on five years of bitcoin growth
Global peer-to-peer bitcoin marketplace Paxful has announced its official 2019 growth metrics. On its platform, Paxful sees bitcoin (BTC) trades denominated in most national fiat currencies across methods such as gift cards, bank transfer, and online wallets. The...
How blockchain is disrupting the insurance industry
Most insurers have started exploring the opportunities the blockchain can deliver to their business. With 81% of insurers globally familiar with the technology, some areas of focus are fraud prevention, the digital tracking of medical records, and developing smart...
Swift opens KYC Registry to corporates
Swift has opened its global Know Your Customer (KYC) registry to Swift-connected corporate groups, enabling them to manage and share KYC data with their banking partners across the globe. The go-live for corporates follows a successful testing period with 18 leading...
IoT and its role in insurance
By the end of this year, forecasts anticipated that there will be more than 14-billion Internet of Things (IoT) devices in use with that number expected to reach 25-billion by 2021. Furthermore, the global market for IoT is projected to grow significantly between 2018...
Myths and realities of fintech lending
Fintech start-ups have transformed the market for consumer lending in the US and other mature credit markets, by giving people an alternative way of borrowing money without having to go through a bank or a traditional lending institution. We see a similar trend...
New free platform to connect the unbanked
A new co-operative fintech platform, CoegaX, aims to connect all South Africans to the digital economy by providing free payment services and interest-free production loans. CoegaX, the Collaborative Trading Platform was built by the Forus Foundation, which aims to...