Unity Bank uses SkyVision VPN solution
SkyVision Global Networks, a leading global communications provider, today announced its recent partnership with Unity Bank, one of Nigeria’s leading retail financial institutions. SkyVision provided its satellite-based Virtual Private Network (VPN) services via its...
How insurers should choose new technology
The process of choosing new technology has traditionally involved selection centred on a functional and technical scoring exercise. However to select the best technology partner, insurers should look beyond core features and functions and aspire to innovations like...
Banks can improve online experience
Banks are today at the mercy of their IT systems. As IT progresses and becomes more consumerised, customers are demanding smarter, faster and better ways in which to do their banking no matter the device. But how do they monitor the success of what they have and...
Bytes, Volanté harmonise payments
The long-standing partnership between Bytes and Volante is now helping South African banks to convert their back office systems to comply with a new standard for cross-border payments clearing. The standard, called SADC Payments, will take full effect in the Southern...
Gemalto protects banks from cyber-threats
Gemalto has launched Ezio Armored Application, an entirely software-based solution that enables banks to quickly deploy secure e-banking applications on any PC. Ezio Armored Application secures e-banking end users against the latest generation of fraudulent and...
Elliott to grow electronic payments adoption
MasterCard, a technology company in the global payments industry, has appointed Mark Elliott as division president for South Africa. Based in Johannesburg, Elliott will oversee the performance, strategic direction and brand development of MasterCard in South Africa....
SWIFT’s Sanctions Screening service grows
SWIFT announces that its Sanctions Screening service has surpassed the 230-customer milestone just two years after its introduction as the first solution in SWIFT’s financial crime compliance services portfolio. Sanctions Screening is a shared service that screens...
Banks can learn from cybercriminals
Cybercrime costs the South African economy R5,8-billion a year and 19% of online banking users have fallen victim to online fraud, up from 10% a year ago, says William Lawrence, regional practice lead: Fraud and Financial Crimes at SAS. Understanding how...
Gemalto unveils comprehensive hub service
Gemalto has introduced its Allynis Trusted Services Hub, a turnkey business service that enables financial institutions, enterprises, transport operators and more generally all digital service providers to benefit from a single connection in order to securely deploy...
South African banks must restore trust
The recent failure of African Bank, and the subsequent Moody’s downgrading of all South African banks, indicates a serious lack of trust in the compliance culture of our banking system, says Gary Allemann, MD, Master Data Management. Realistically, no other South...
FNB customers withdraw R9,5bn from retailers
FNB has announced that R9,5-billion has been withdrawn from tills across South Africa since the inception of the Cash@Till service for customers in 2012. Sixty-five percent of this amount was withdrawn in the last year alone (since July 2013). “We have seen strong...
TruTeq Wireless, Westpac Bank team up
Pretoria-based GSM mobile technology company, TruTeq Wireless has partnered with Australia's leading bank to roll out a mobile banking platform to seven Pacific island countries. Westpac Pacific Banking launched its first USSD-based mobile banking application in the...