Digitalising the insurance industry
While it has become fashionable to position new technology implementations as part of a digital transformation process, the reality is that it takes effort and skill to unlock the value that technology provides. In our experience, clients want to improve operations...
SA’s fintechs innovative, sophisticated
In 2016 $5.5bn of venture capital investment went into payments startups. This represented 22% of global fintech investment activity. Dominique Collett, senior investment executive at Rand Merchant Investments and the head of AlphaCode In South Africa, payments still...
Cash here to stay
Cash, and the ATM, are here to stay, despite the growth in use of digital payment channels. This is according to Allen Mahadeo, head of self-service channels and branchless banking at Absa, who believes that the writing is not yet on the wall for cash or for the...
Absa launches online self-service investment platform
Absa is pleased to announce the launch of its very own online investment platform, Virtual Investor, which harnesses technology to lower fees to investors. This is an online self-service investment platform that uses artificial intelligence and computer algorithms to...
Converging forces set to transform retail banking
Banks need to build new capabilities and adapt quickly to emerging opportunities and threats, writes Darrel Orsmond, financial services industry head at SAP Africa. A range of models and millions of dollars in consulting hours are expended to understand the potential...
Virtual cards extend financial inclusion
It's never been simpler to shop online. Flowers, sneakers, food, diplomas - you name it, you can buy it online. Except you can't, if you don't have a credit card. Two in three black teens in the US make purchases online, so retailers are aggressively growing their...
FBC chooses SSP for insurance solution
FBC Insurance has chosen to support the growth of its Zimbabwean general insurance business in line with its strategic objectives using SSP's digital insurance platform, SSP Pure Insurance. SSP Pure Insurance is a flexible end-to-end core insurance system for all...
Crunch time for authentication decisions
Banks are revisiting their choices around authentication technology as new protocols become available and consumer behaviour swings towards a massive take-up of mobile transactions. As many as half of all online transactions in South Africa are not completed because...
10 000 SMEs accept Yoco card payments
South African payments company has Yoco announced it now has 10 000 SMEs in South Africa using its point-of-sale payments platform to accept card payments. The company is adding over 1 000 new SMEs to its base every month, making it the largest independent mobile...
Fulcrum to upgrade broker system
Local specialists in bespoke lending, investment and management services for the insurance industry, the Fulcrum Group, have partnered with international digital technology house Markit Systems, for strategic upgrades and enhancements to the Fulcrum Flexi...
Namibian banks embrace digital transformation
One of the biggest challenges facing financial services organisations that are embarking on digital transformation initiatives, is to integrate data while still ensuring business continuity. For Namibian-based Capricorn Group, Veeam Software provided the assistance it...
Payments industry launches new type of debit order
Over the last few years there has been a significant increase in debit orders processed to bank accounts without permission (a mandate) from consumers. On the other hand, irresponsible consumer behavior - where bank customers are disputing debit orders that do have...