Of banks and cybersecurity
If there's one industry we should be most concerned about when it comes to cyber criminals and security, it's the one that looks after our money. "The financial services industry is under continual threat from cyber crooks, and the methods they use to try and...
Trends shaping the insurance industry
As the insurance industry continues to evolve while facing new challenges, catastrophes, technological disruptions as well as uncertain, volatile and complex economic conditions, insurers and brokers have no choice but to adapt to constant change in order to thrive....
Robo-advisors, chatbots are changing insurance
Artificial intelligence is playing an increasingly active role in the financial services industry, from risk analysis and mitigation to regulatory compliance and client interaction -- machine learning is proving its worth. Globally, insurance providers are getting in...
Cryptocurrency trader Coindirect goes live
Online trader Coindirect.com has announced the initial launch of its ground-breaking platform for local currency trading. The Coindirect.com cryptocurrency marketplace is designed to make trading in digital currencies simple, and is now live in the UK, South Africa,...
Easy, secure digital payment
Gemalto has announced that its Trusted Service Hub (TSH) can now offer a single gateway enabling issuers to connect to the Mastercard and Visa tokenisation services, simplifying the way financial institutions can launch mobile payment services. Banks and other issuers...
The future of consumer banking
Sachin Nagpal, director: sales, FSI for Intel's Influencer Sales Group in the Asia Pacific & Japan region, looks at some banking trends. The landscape of consumer banking continues to change at a rapid pace, keeping financial institutions on their toes. Working...
SA bank adopts Synthesis software platform
One of South Africa's largest banks has adopted an expansion of the software platform provided to them by Synthesis Software Technologies, allowing them to easily monitor and analyse balance of payment (BoP) transactions. The expansion, comprising a system known as...
Welcome to an ‘open’ insurance environment
The traditional insurance model is under pressure to meet the requirements of a digital environment. Partnerships between incumbents and insurtechs are becoming more commonplace and provides customers with alternative value propositions. JC Oberholzer, Group CIO at...
Automated cryptocurrecy bond issuance completed
The world's first fully automated cryptocurrency-denominated bond issuance that is also cleared, settled and registered on a public blockchain infrastructure has been completed by Nivaura, a fintech company that developed a cloud-based service for the issuance and...
SaaS to transform the insurance industry
Software as a Service (SaaS) and the cloud have become essential components to grow a business in the digital environment. Patrick Ashton, managing executive of Cirrus, a subsidiary of the SilverBridge Group, believes that insurers across Africa will significantly...
Big data a useful tool for responsible lending
Banks are increasingly relying on their rich data to make decisions and streamline processes. Emma Mer, CEO of FNB Personal Loans, comments: "As a bank, we have robust processes in place to ensure that we lend responsibly, while at the same time continually taking...
Big data a useful tool for responsible lending
Banks are increasingly relying on their rich data to make decisions and streamline processes. Emma Mer, CEO of FNB Personal Loans, says: "As a bank, we have robust processes in place to ensure that we lend responsibly, while at the same time continually taking strides...