SA’s Peach Payments partners with ACI on Alipay
ACI Worldwide, a global provider of real-time electronic payment and banking solutions, and Alipay have announced that they are launching Alipay in South Africa, via regional payment service provider (PSP) Peach Payments. This builds upon ACI's long-standing work with...
200 000 Euro up for grabs by fintechs
SWIFT invites fintech companies from around the world to develop new overlay services that leverage its SWIFT global payments innovation (gpi) platform - and to win funding of up to 200 000 Euro for the two winning fintech finalists of an Industry Challenge. The...
The face of insurance risk in an IoT-enabled world
We live in an increasingly connected world, and if the Internet of Things (IoT) has its way, technology is poised to change life as we know it - by interconnecting everything around us and integrating technological insight into physical everyday items. This means...
SA fintech enables instant online debits
Fintech startup DirectDebit has launched E-Mandate, a valid electronic agreement that allows customers to sign and authorise debit orders and recurring payment transactions online from any web-enabled device. Jaco van Wyk, co-founder of Direct Debit, says: "E-Mandate...
Insurers can benefit from the blockchain
The spotlight has fallen on the likes of bitcoin and blockchain in recent weeks. But how can insurers benefit from cryptocurrency and the platform that carries it? Jonathan Jardim, senior developer for Rubix Digital Solutions, subsidiary of SilverBridge Holdings,...
Financial firms need security that keeps pace with disruption
Financial institutions are typically large, complex entities. They have one key requirement when it comes to security - the solutions they select have to last the distance. This means they need to be able to evolve rapidly, integrate easily with other systems, and be...
YouTap, MatchMove partner on wallets
Youtap, a global provider of contactless mobile money payments and financial services software, has announced a partnership with MatchMove that will provide Youtap's customers in Africa and Asia with an off-the-shelf open-loop payment acceptance solution for...
Fintech and banks: competition or collaboration?
Ever since the beginnings of fintech and the boom that followed the 2008 financial crisis, newly-founded financial technology companies and initiatives have posed competition to the more traditional financial institutions. This is according to White Label Crowdfunding...
New insurance accounting standard adds comparability
The new insurance contracts accounting standard recently published by the International Accounting Standards Board (IASB) brings greater comparability for investors and analysts, according to KPMG International. The organisation welcomes the publication of the new,...
SaaS assists in differentiating insurers
The increasingly competitive insurance market is driving organisations to innovate faster than ever. Software-as-a-service (SaaS) becomes a vital element of this if implemented correctly, according to Stuart Blyth, director at SilverBridge. "Testing new products in...
SA’s credit card fraud regulations among the best
Credit card fraud is still rife in South Africa, but merchants and customers using credit cards still have some comfort in the knowledge that their transactions are protected by the Payment Card Industry Data Security Standard (PCI DSS). The key tenets of PCI DSS is...
FNB promotes access to banking in rural SA
FNB has introduced a non-cash dispensing ATM with deposit capability. These ATMs are a smaller version of the standard ATM which FNB introduced in 2013 as a way of bringing banking services directly into communities. The roll-out out of the new generation of ATMs...