The role of subscription services in the payment landscape
After 2023 was defined by economic challenges and unexpected disruptions, South African consumers are gearing up for a more resilient and predictable 2024. The SpendTrend Report by Visa and Discovery Bank revealed a noticeable increase in online spending (up 13%...
Everything.Insure debuts digital commercial insurance marketplace
Everything.Insure has become what it believes to be the world's first platform to offer a commercial insurance marketplace online, enabling businesses to obtain multiple quotes within minutes and streamlining the process of getting cover. The digital platform caters...
SA fintech develops AI-powered fintech apps
South African fintech consultancy firm Elenjical Solutions (ES) has developed three proof-of-concept AI apps focusing on using proprietary information for rapid information retrieval, code generation, and simplified interfacing with complex systems. The machine...
How AI is transforming insurance
One of the biggest talking points in the world of tech today is artificial intelligence (AI). Touted as having the potential to completely transform our world and empower the most disenfranchised, the capabilities of AI continue to grow every day. In much the same...
Is voice biometrics in banking secure enough?
Apart from going into a branch, calling a bank feels more human for digital-shy consumers. For many, it is the first port of call for making account changes or moving large sums of money. But how safe is voice banking really, and what are the chances of someone using...
Top payment trends for 2024
Consumers will increasingly be demanding choices when it comes to payment options into 2024, with security being high on the agenda and offerings that will be keenly watched as potential growth engines. Rory Bosman, executive for sales and marketing at Ecentric...
Fintech trends for 2024
Financial technology, or fintech, is undergoing rapid and transformative changes. As we look ahead to 2024, several key trends are poised to shape the landscape of the booming industry, according to Nigel Green of deVere Group. "2024 promises to be a dynamic and...
Why SA’s digital banking outperforms other nations
Digital innovation in banking is no longer a choice. It is now a requirement that is essential to business continuity. By Pierre Romagny, partner: financial services at Oliver Wyman in South Africa The encouraging news is that South Africa can teach the world a thing...
Why AI in insurance shouldn’t scare customers
Some call artificial intelligence (AI) the peak of human ingenuity. Although still in its infancy, the successes of AI are mounting. The technology’s ability to automate repetitive processes with intelligence makes it a decidedly disruptive power in many sectors. It...
African businesses can benefit from evolving online payments
Payment solution offerings are advancing at a rate of knots, especially with the integration of technologies like artificial intelligence (AI), biometrics, and voice payments. No longer is it an option for small-scale businesses to offer their wares online without the...
FutureBank, Paymentology forge strategic partnership
FutureBank has announced a partnership with Paymentology to provide banks and fintechs with streamlined integration to modern card issuing and processing technology, enabling instant issuance of virtual cards. Paymentology provides banks, fintechs and telcos with the...
Geospatial data can enhance KYC, customer service in banking
In the rapidly evolving landscape of financial services, the integration of geospatial data is marking a new era of efficiency and precision. By Charl Fouché, chief operations officer at AfriGIS Financial institutions are increasingly employing this data to refine...