How big data helps insurance organisations
Insurance is typically a grudge purchase, and as a result insurance organisations experience high volumes of customer churn, says Gary Allemann, MD, Master Data Management. Customers are looking for the best price and the best service, and are more than willing to...
Enterprise tech key to banks’ survival
The next era of banking will involve heightened complexity, uncertainty and competition, as banks face threats from new players – including companies in areas like software, social media and telecoms. To combat these challenges and remain relevant, and to make the...
Banking the unbanked is not the only way
By accepting "unbanked" as a defining measure for financial inclusion, financial services institutions could find offering products to lower income groups due to the lack of physical banking infrastructure challenging. Hollard, which has a footprint in highly unbanked...
The drivers of a cashless society
Using technology to eliminate, or at least reduce, the need for cash is as much about empowerment as it is about convenience. In banking terms, the development of a cashless society is something of a chicken and egg situation. Is society demanding cashlessness – or...
Net1 launches Zazoo in the UK
Zazoo is well-positioned to become an exciting global technology company at the forefront of payment solutions, with a range of innovative products. Net 1 UEPS Technologies has announced that it has established a new subsidiary in the United Kingdom called Zazoo to...
Be financially savvy in 2015
Of all the numbers you aim to improve on this year, from the number on the scale to your bank balance, your credit score is one that should be prioritised, especially if you are aiming to take out a loan of any sort in the months ahead. What is cause for concern is...
SWIFT extends Sanctions Screening
SWIFT announces the extension of its Sanctions Screening service to support all messages used in financial transactions, regardless of format or financial network. Users can now screen all transaction formats, including SEPA (Single European Payment Area) and Fedwire,...
TransUnion launches Claims Enabler
TransUnion has launched Claims Enabler, a one-stop solution for the insurance industry that empowers faster, more efficient claims processing. Claims Enabler integrates multiple data sets across the TransUnion portfolio, aggregating all of the information insurance providers need to make faster, more accurate decisions.
MobileData introduces TradeSwitch
Global South African-based payment facilitation and token distribution technology solutions provider MobileData introduces TradeSwitch to the continent, a service delivery platform that enables smart service delivery, mobile device management and business process...
Metacom’s new NanoPAD offers faster, safer EFT
Industrial and commercial communications operator Metacom says its new MC403 NanoPAD, the latest in its range of connectivity solutions, will substantially drop the cost of ensuring seamless financial transactions, anywhere in the world. “Retailers, banks and...
Moving from data to intelligence
Big data is not simply a buzzword, but a trend that is possibly shaping the world we live in today. The vast volumes of data that are generated from a growing variety of sources at a rapidly increasing pace offer the ability to tap into greater intelligence than ever...
Big data filters into banking
In the era of information, the bank with the most actionable insights is the winner. The age of “big data” has begun to slowly filter through into the banking environment, with banks being able to design customer-centric solutions using statistical models and...