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...
Orange Business Services partners with Genesis Analytics
Orange Business Services and Genesis Analytics have signed a partnership agreement to jointly serve the financial services industry in Africa and the Middle East. The partnership is focused on providing strategy consultancy to prepare financial institutions to launch...
How does data quality underpin success in a disrupted banking environment?
The banking industry is currently in a state of flux. Traditional banks have to contend with new competitors unburdened by legacy technology or business models, making them far more agile and responsive. By Gary Allemann, MD of Master Data Management These advantages...
Hello Paisa makes Inclusive Fintech 50 club
International money remittance and digital banking provider, Hello Paisa, has been included in the inaugural Inclusive Fintech 50 club. MetLife Foundation and Visa, with partners Accion and IFC, launched a global competition to elevate fintechs driving financial and...
The importance of personalisation in insurance
If the digital age has delivered customers anything, then it is the ability to personalise virtually any product or service to meet their unique needs. Financial services providers, like insurers, must capitalise on this to satisfy individual customer requirements and...
Cashless payments are on the rise in SA
With the cost of cash withdrawals increasing and the growing concern over data security, South African consumers are rapidly adopting cashless payments, as revealed by the latest numbers from Virgin Money Spot. The bank agnostic peer-to-peer payment app rocketed on to...
Visa B2B Connect launches globally
Visa has announced the commercial launch of the Visa B2B Connect network, giving financial institutions an ability to quickly and securely process high-value corporate cross-border payments globally. The Visa B2B Connect launch will cover more than 30 global trade...