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...
Entersekt wins second Banker Africa 2017 award
South African fintech company, Entersekt has won the Judges' Choice: Best Technology Provider at the fourth Banker Africa East Africa Awards held recently at a gala dinner in Nairobi. A total of 30 institutions across seven countries - Kenya, Ethiopia, Mauritius,...
Context brokering and its impact on insurance
With data playing such an influential role in all aspects of business, insurers are looking at finding increasingly innovative ways to gain valuable insights. JC Oberholzer, chief system architect for Rubix Digital Solutions, subsidiary of SilverBridge Holdings, looks...
Standard Chartered Bank to join Thomson Reuters KYC managed service for Africa
Standard Chartered Bank has announced its intent to join Thomson Reuters Org ID regional managed service solution for Know Your Customer (KYC) due diligence in South Africa. Standard Chartered Bank has made the decision to join the African KYC managed service, which...
Why cash won’t be king for much longer
Innovation is increasingly changing the way consumers engage with the world. Yet how we transact remains stagnant, with many in South Africa continuing to make use of cash as a preferred payment method, despite having access to more effective, safer methods. Research...
Bytes MS, NCR, Nedbank win innovation award
Bytes Managed Solutions (Bytes MS) has received the Best Branch Automation Project award at The Asian Banker Technology Innovation Awards ceremony. Bytes MS jointly received the award with NCR Corporation, its technology partner and a global leader in omni-channel...
Turn your phone into an authenticator
HID Approve, from HID Global, turns a mobile device into a handheld validation device or “authenticator” that verifies online access and transaction requests, such as digital banking transactions or corporate VPN access. HID Approve adds a new level of trust for...
Hollard guarantees system upgrade performance
Hollard, South Africa’s largest privately-owned insurance company, has initiated a major software system upgrade and migrated its direct and partner insurance operation’s software platform from physical servers to a virtual environment following a successful...
KPMG launches Incentive Tax App
KPMG in South Africa has launched a Learnership Incentive Tax Tool (LITT), an app that provides an additional tax deduction for registered learnerships. The objectives of this tax incentive are to encourage the creation of jobs by reducing the cost of hiring new...