Standard Bank updates banking app
Standard Bank has announced the much anticipated update of its banking app for smartphones. This rollout follows the successful launch of its new generation tablet banking app in March this year. According to Vuyo Mpako, head of Innovation and Channel Design at...
BankservAfrica offers outsourcing solutions
BankservAfrica Integrated Services has introduced its end-to-end outsourcing and business solutions at a private launch in Melrose Arch. The launch saw the introduction of seven offerings that offer complete financial, business, information and communication services,...
Stokvels: a hidden economy?
In a macroeconomic context, the more a nation saves the more it is able to invest, while in a microeconomic sense, individuals deep in debt are not only unable to save, but are constrained in their ability to spend, says Anton de Wet, managing executive: Client...
Digital to revolutionise insurance industy
If, as an industry, we do not transform successfully to being truly digital businesses we will not survive in our current form. This was the overarching message at a recent SSP networking breakfast focussing on the digital evolution and how it is impacting the way...
Online home loan applications enhanced
Nedbank announced significant enhancements to its online home loans channel, South Africa's first fully automated online application process aimed at simplifying and improving the experience of our clients. 'These enhancements mean that our clients can now access the...
Practical tech solutions key to SMME growth
Mercantile Bank has taken its eBureau online portal, which is custom designed for bulk payment and collection processing, and packaged it in a way that business owners can simply plug their own financial systems into the system.The eBureau systems can help simplify...
Accessible banking is key in Africa
Nedbank launches Send-iMali, a cost-effective way to send money to anyone, even if they do not have a bank account. In its continuing commitment to making banking more accessible to all, Nedbank has launched Send-iMali, a cost-effective way to send money. Send-iMali...
MasterCard launches MasterPass in SA
South Africans will now benefit from a more seamless, speedy and secure online shopping checkout with the launch of the innovative MasterCard digital service, MasterPass. MasterPass enables consumers to make convenient, simple, fast and secure digital payments....
Accurate databases boost insurance sales
There is no doubt that knowledge is power, and any compilation of information is valuable. Databases are extremely hot commodities, as myriad organisations and industries rely heavily on this information for a variety of purposes. Nowhere is this more true than in the...
Multi-currency facilities on Cash Passport
MasterCard's Multi-currency Cash Passport, a prepaid chip and PIN-protected travel card, is now available from 54 American Express Foreign Exchange bureaux countrywide. As the only product of its kind in South Africa that can be preloaded with up to four currencies...
PCI compliance combats credit fraud
The latest statistics from the South African Banking Risk Information Centre (Sabric) revealed that South Africa’s banking industry lost R366,8-million in 2013 due to South African-issued credit card fraud - a 22% increase from the previous year. This alarming rise of...
Biometrics and the unbanked
Biometric technology has the potential to radically transform the banking industry by securing identities while improving user-friendliness. And, says Nick Perkins, divisional director at Bytes Systems Integration’s Identity Management division, biometrics also holds...