Marketplace model gives insurers opportunities
With consumers expecting their service providers to deliver more tailored products providing better experiences at more cost-effective rates, insurers are under pressure to adapt their business models to ones better suited to this new environment. Given its mainstream...
KYC trial using blockchain gets underway
SBI Holdings and NEC have jointly embarked on what they believe to be the industry's first demonstration trial of Know Your Customer (KYC) operations infrastructure equipped with blockchain technology. The trial is in co-operation with 14 financial institutions and...
Fintech FICA specialist makes Accenture finals
Fintech startup, ThisIsMe, has been selected as one of three finalists in the Accenture Innovation Index Awards, for its Fast FICA concept. The company also recently announced that it had been selected to participate in this year's Gartner's Innovation Programme. The...
A fintech entrepreneur’s guide to regulation
Fintech is one of the fastest growing industries in the world with global investment in the sector tripling from $928-million in 2008 to $2,97-billion today. Experts forecast further growth of up to $8-billion by 2018. Local White Label Crowdfunding (WLCF) believes...
The end of one-size-fits-all banking?
With Capitec's latest trading update making a case for what consumers in emerging markets want -- and need -- the time for "one-size-fits-all" banking looks set to be over. As the bank continues attracting up to 150 000 new customers each month, it's redefining the...
Transforming insurance with cloud
The rise of cloud computing has been nothing short of remarkable. What was once considered an interesting, if largely misunderstood, technology option has now become an integral part of the long-term business strategy of most insurers. But how can they benefit from...
Lombard Insurance slashes admin time
Decision Inc has been working with Lombard Insurance to increase productivity and efficiency across various departments within the organisation. A recent Adaptive Insights implementation saw the company deliver complete integration into the company's GL system,...
Ways to win the mobile banking wars
There's a surprising way in which leading financial services companies are pulling away from the pack, writes Hemkumar Balaraman, project manager: Africa at Wipro.Recent years have seen South African banks compete in a key battleground: the mighty mobile app.Each bank...
Discover Digital debuts billing interface
Digital technologies and video on demand solutions provider Discover Digital has brought a new level of simplicity to billing interfaces to market with the launch of its Common Operator Billing Interface (COBI) solution. COBI, initially designed to meet the needs of...
New Investment app reaches 12k user mark
Investment App - Stash by Liberty has proven to be a major hit among young South Africans, raking up 12 000 users since its Android launch in April. On 15 October, the only app to invest your spare change will be available on Apple;' iOS. Stash is an app that simply...
IoT propelling the insurance sector into the future
We are in the midst of a digital revolution that is fundamentally changing the way we do business, the way businesses operate, and how they interact with both customers and competitors. The world is gradually moving online in its entirety, one device -- one thing --...
Digital transformation in the future of insurance
Darrel Orsmond, financial services industry head at SAP Africa, believes the insurance industry is facing its very own Kodak moment. Forty years after the once heart-warming 1970s ad slogan became part of popular culture, it now reminds one more of the company's...