Zimbabweans get a new way to send money
Zimbabweans living in South Africa, both banked and unbanked, can now access free mobile transacting and basic insurance services through the launch of the AMA.ZING Diaspora solution in South Africa. The solution, developed by the Zing Group, enables people living in...
Merchant West offers new finance option
Independent financial services company Merchant West has partnered with Xperien to provide continuous IT lifecycle solutions, a fresh line of alternative funding to reduce the cost of IT assets. The partnership offers a full end-to-end IT Asset Lifecycle solution from...
Financial services: keeping up with tech
There was a time when a "Kodak moment" was synonymous with capturing a moment in time for an eternity. Today, however, the once-great brand "Kodak" is more notoriously known for its failure to accept and embrace the digital revolution. Jean Archary, development...
Financial inclusion to jump-start African economies
African GDP (Gross Domestic Product) growth continues to fall short of the magic 5% annual figure often given as the number needed to make a substantial dent in poverty. In South Africa, again officially the continent's biggest economy, growth went negative in the...
Old Mutual collaborates with AWS on digital solutions
Old Mutual is working with Amazon Web Services (AWS) to bring a series of services to the markets in which the company operates. Vuyo Mpako, chief digital and data officer at Old Mutual, says working with AWS allows the financial services giant to bring innovation and...
Robo-advisory in insurance
Robo-advisors have come a long way since their launch more than a decade ago. Providing financial advice or online investment management with minimum human intervention, people have become more open to them in today's digital environment. Stuart Blyth, director at...
Curo gets competitive edge with Infovest IDM
South African investment administration services provider Curo has implemented Infovest’s Investment Data Management solution to automate reporting and alerting, support data governance and enhance customer service. With Infovest Investment Data Management (IDM) and...
Security key to Africa’s mobile fintech revolution
Africa has led the way in developing mobile fintech solutions for its largely unbanked populations - but the key to further progress in driving financial inclusivity is security. By David Noel-Lardin, vice-president: digital payment at Gemalto CISMEA Fifteen years...
The future of FICA and digitised customer onboarding
Digitisation is transforming business and impacting consumers through every stage of their daily lives. While rapidly becoming a way of life, onboarding consumers digitally is still in its infancy, but is becoming a major focus for every financial institution across...
Ecobank names Fintech Challenge finalists
Independent pan-African banking group Ecobank has announced the finalists for the second edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology start-ups. The list includes 11 fintech start-ups from across the continent and...
PCI DSS update: SSL gets the boot
The latest update to the Payment Card Industry Data Security Standard (PCI DSS) is a small but important one. PCI DSS 3.2.1 does away with Secure Sockets Layer (SSL) and early-Transport Layer Security (TLS), the common cryptographic protocols consumers use to connect...
MyBucks debuts insurance tech platform
Frankfurt-listed fintech MyBucks has launched an insurance technology (insuretech) product in South Africa called SureCloud, the first step in rolling out end-to-end insurance tech in the rest of Africa. MyBucks has introduced two products - legal assistance and...