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...
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...