Secure enterprise mobility in the insurance sector
Finding the delicate balance between productivity and security is possible with platform applications on authenticated smart devices, write Malcolm Vather: solutions design manager at T-Systems South Africa Whether we're talking about life cover, short-term insurance,...
Cash logistics becomes fully automated
With South Africa predominantly a cash-driven country, cash logistics is without a doubt a main artery of our economy. Equally important, is having world-class solutions to track the cash, throughout the cash cycle. Cash management company, Izicash announces its...
AI inspires new IT trends for banks, insurance providers
Financial and insurance industries across EMEA are known for their organically grown legacy IT infrastructures. By Patrick Maphopha, technology evangelist and chief technology officer at NetApp Africa Although South Africa has seen the rise of challenger banks such as...
Cognitive computing to enhance insurance
Customer expectations have always presented insurers with unique challenges. Henlo Ueckermann, IT operations manager at SilverBridge, believes the new technologies will enable insurers to better respond to these expectations. One of these developments in technology,...
How AI helps banks compete with digital-first players
Since the 2008 financial crisis, banks have spent a lot of time and energy on regulatory compliance and cost cutting. Until just recently, as a result of growing regulatory demands, investment in new technology took a back seat, as did innovation. By Patrick Shield,...
Investec, BankservAfrica reveal blockchain-based ID prototype
Investec, in collaboration with BankservAfrica and uPort, have demonstrated a digital identity system anchored in the Ethereum blockchain. The initiative was born in the digital identity working group of the SA Financial Blockchain Consortium (SAFBC). The identity...
Spaza shop fintech closes a gap in R40bn cash market
It is estimated that the spaza shop market in South Africa is valued at around R40 billion per year and that 90% or more of the transactions are in cash. This market is growing at around 10% each year. Despite this statistic of unaccounted cash, South Africa's...
Nedbank app gets a virtual assistant
Nedbank has incorporated a virtual assistant into its banking app. HeyNed, a digital virtual personal assistant and concierge service, uses a network of more than 350 000 product and service providers to linking app users to what they need. In addition to the...
Making mobile wallets ‘stick’
Mobile wallets may offer some convenience, but until they offer a broad range of simple, seamless transaction capabilities, and give users more value than that of their cash alone, they will still lack consumer 'stickiness'. This is according to Kobus du Plooy, CEO of...
International fintech awarded SA trading licence
ThinkMarkets, a provider of online trading in financial markets headquartered in Australia with offices in the UK and Europe, has been awarded a licence by the Financial Sector Conduct Authority (FSCA) to offer electronic financial trading services to South African...
Sasfin takes equity stake in fintech lender Payabill
Sasfin has acquired a strategic stake in fast-growing fintech lender Payabill. Payabill, a 100% digital lending business, provides working capital and/or trade finance to small businesses. The collaboration between Sasfin and Payabill accelerates financing...
Tech innovation critical for insurance success
The evolving technology landscape provides insurers with unprecedented opportunities to grow their business. Ben Burger, managing executive at SilverBridge, believes 2019 will see the development of the ideal environment to integrate cloud, data analysis,...