DocFox reduces FICA on-boarding to seconds
Fintech startup DocFox has partnered with global law firm, Norton Rose Fulbright, to provide a digital solution to help companies simplify the FICA compliance process. "DocFox is a sophisticated yet easy-to-use web application that helps customers submit their FICA...
How design is changing the way we bank
Every day consumers are bombarded by an enormous amount of commercial messaging, advertising, sales prompts and calls to action. The tools through which they receive this information have also become more intricate, adding layers of complexity to how they consume...
Zoona wins at African entrepreneurship awards
Zoona, an African mobile payments business that helps communities thrive, by enabling emerging entrepreneurs to provide much needed financial services in their communities, has accepted an award for Social Entrepreneurship at the Africa Awards for Entrepreneurship...
Cash, PoS, digital collections should be complementary
Norway, Sweden and Denmark are examples of countries moving towards becoming true cashless societies, in which retailers or petrol stations won't be obliged to accept cash payments. Yet cash still accounts for about 85% of global consumer transactions and in Africa,...
IoT could drive new insurance models
For insurers, the Internet of Things(IOT) can provide value in the form of new insurance models and products based on deeper insight into the customer's needs, writes William Mzimba, chief executive South and sub-Saharan Africa at Accenture. The rapid increase in...
FirstBank increases mobile app security
FirstBank has launched its updated iOS mobile banking application with fingerprint biometrics capability and authentication from Entersekt. FirstBank is Colorado's second largest bank and the third largest privately held bank in the nation. FirstBank has integrated...
Compuscan partners with Coremetrix on personality-based assessment
Compuscan, one of the largest independent credit bureaus in Africa, has established a strategic partnership with Coremetrix, a UK-based company powered by Creditinfo, the world's leading creator of psychometric data for consumer risk assessment. The new initiative...
Find the highest interest rates for your money
More than 16-million South Africans have cash in savings accounts, but according to the latest SA Reserve Bank statistics about 42% of this sits in low interest accounts that offer interest rates as low as 1% at Postbank and as high as 10% on a five year fixed deposit...
Mastercard enables Microsoft Wallet, Android Pay, Samsung Pay
Mastercard has announced agreements with Microsoft, Google and Samsung to bring online payments capabilities to US-based users of their digital wallets. Starting early next year, Mastercard cardholders that use Microsoft Wallet, Android Pay or Samsung Pay will be able...
Why are banks struggling with big data?
Financial institutions are ideally positioned to reap a host of benefits from big data, given their access to multiple streams of information, writes Gary Allemann, MD of Master Data Management. However, most banks are still standing at the edge of the big data wave,...
Financial sphere spices it up with gamified learning
From blockchains to mobile wallets and robo advisers, the financial realm is a veritable hotbed of technology innovation and development. Unlike many other large and established sectors (legal, medical, insurance), the financial sphere has proved to be willing to...
Connect with millennials through mobile banking
The future of mobile banking looks bright as far as consumers are concerned, writes Marwan Elnakat, e-banking and e-commerce security solutions director at Gemalto. Millennials are increasingly opting for online and mobile banking options over visiting local branches,...