Fintech culture transforms Africa’s FX landscape
Africa's fragmented markets and lack of legacy foreign exchange trading infrastructure means that the continent has become a melting pot of fintech activity and innovation. The evolution to electronic foreign currency trading in Africa, whilst slow to start, is today...
Insurance model requires digital innovation
Insurers must adapt to the new digital environment and provide customers with the same degree of customisation they receive in other industries. This requires the traditional insurance model to make way for strategies that incorporate a lifestyle-centric approach,...
Genasys, Hitachi Consulting to deliver Insurance in a Box
Genasys Technologies is working with Hitachi Consulting on its Insurance in a Box solution. Genasys will be providing the core policy administration system that has been combined with Hitachi Consulting's integration accelerator framework and advanced use of...
PPS launches financial planning platform
PPS has launched PPS Horizon, a web-based tool that gives guided financial planning and advice to investors, in a safe environment. The design architecture of this web based tool is the first of its kind in the country. It has been designed in particular for use by...
Decrypting blockchain and cryptocurrencies
Cryptocurrencies are dominating the media. This one has collapsed, that one is on the rise, and a new one is around the corner. Their flavour isn't quite as piquant today as it was yesterday thanks to fraud, an upsurge in Initial Coin Offerings (ICO) and the...
FNB unveils mobile banking for the underbanked
First National Bank (FNB) has announced the launch of eWallet eXtra, a mobile bank account that allows unbanked and underbanked South African consumers to use a feature phone or a smartphone to open a bank account without ever walking into a branch. eWallet eXtra will...
CaseWare Africa launches Modified Cash template
CaseWare Africa, a division of AdaptIT, has launched a template for the Modified Cash standard. The standard was developed by the Office of the Auditor General in National Treasury to mandate the principles by which national and provincial departments should present...
IMB’s Money App makes mobile money easy
IMB Financial Services has launched the Money App, which will assist communities in accessing and managing their finances from the convenience of a smartphone or tablet. The IMB Money App is available from the app stores, and once the IMB Money App is loaded onto a...
Naked uses AI to change insurance
Insurance start-up Naked has launched with an AI-based car insurance offering. Rebuilt for social good, the new product puts customers in control of their insurance and saves them money. Naked's car insurance offering has been built on three core principles: ensure a...
Virgin Money speeds car insurance
Registered financial services provider Virgin Money South Africa has launched its Online Buying platform, giving consumers more options when sourcing and securing car insurance. Now, customers have the option of using a call centre or can also go online to get insured...
Why insurers should embrace mobile
Even though the market has become more competitive in Africa, many insurers still rely on traditional methods to reach customers. While other industries have been pro-active in their adoption of mobile technology due to its convenience and reach, insurance has...
Root launches Insurtech platform
Technology company Root has announced the Root Insurance, a new platform API that enables software developers to rapidly prototype and launch digital insurance products into the South African market. Root's API enables software developers, using only code, to easily...