Cloud shift in SA financial service sector
Mounting pressure on financial service institutions has forced a change in strategy as disruptors redefine the competitive landscape. Andrew Cruise, CEO, Routed, a vendor neutral cloud infrastructure provider, says that thanks to the cloud and a growing base of market...
Customers to benefit from disruption in retail banking
Customers will be the main beneficiaries of disruption and increased competition in Retail banking due to a potential improvement in value and customer service. This is according to Raj Makanjee, CEO of FNB Retail, who is reflecting on the increasingly competitive...
Constantia Life and Health chooses SilverBridge
Constantia Life and Health (CLAH) has contracted SilverBridge Holdings to provide them with a solution to assist with the distribution and administration of its new group life product. The Web-based solution accommodates a variety of channels from Online to Broker...
AI is reinventing insurance
The growing maturity of artificial intelligence (AI) and machine learning (ML) is changing the consumer's experience of car insurance for the better by enabling agile new players to come to market with simpler, faster, more transparent and more affordable insurance...
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...