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...
Global transaction banks kick off blockchain PoC
SWIFT, in collaboration with leading global transaction banks, is developing a proof of concept (PoC) application that will test whether distributed ledger technology (DLT) can be used by banks to improve the reconciliation of their nostro accounts in real time,...
Where do you start looking for finance?
You’ve got your own business or are wanting to start a business and need to raise finance but are unsure of what funding options are available and what is needed to qualify for them. This is the situation that thousands of entrepreneurs across South Africa find...
TransUnion launches mobile credit information service
TransUnion has launched a new USSD channel offering, making it easier for South Africans to access their credit score and information from any cellphone, even those that do not have mobile data or smartphone capabilities. The TransUnion credit USSD service is believed...
Five top credit card trends to tap into
As with many inventions in modern society, credit cards are evolving rapidly. Once deemed an emergency tool only, the credit card has become so much more than that; used wisely, credit cards can be secure and convenient methods of payment that offer valuable rewards...
PCI DSS accreditation means instant EFT is secure
iPay Secure Payment is a disruptive next-generation digital app that is contributing to the displacement of traditional financial services companies in the payments arena. It gives consumers an alternative way to make secure instant electronic payments, with none of...
Second Accelerator group announced
Barclays Africa Group and Techstars yesterday released the names of 10 financial-technology (fintech) companies selected to participate in the second Barclays Accelerator programme, powered by Techstars. The successful companies, all focused on providing fintech...