Digital transformation to change insurance
The advent of the digital world is revolutionising technology, in turn creating disruptive trends such as social, mobile, analytics and cloud (SMAC), says Saraswati Pramudi, principal consultant at Wipro BAS Architecture Practice. A new category of consumer is...
Insurance as a service
Studies conducted by Ovum reveal that the use of SaaS (software as a service) in the global insurance industry is already significant with at least a third of all insurers fully deploying or trialling SaaS currently. Despite a significant minority of insurers...
Increasing cyber-attacks demand solutions
Cyber-attacks are escalating in frequency and intensity, posing a growing threat to businesses and countries’ national security. South African companies in ever-larger numbers are seeking financial protection through insurance, buying coverage for losses from data...
SimbaPay launches access to M-Pesa PayBill
SimbaPay has announced the launch of the first product in the world that allows Kenyans living abroad to make M-Pesa PayBill payments. This is a new addition to the existing SimbaPay platform. M-Pesa PayBill is an M-Pesa service that has previously only been available...
Bytes MS reduces costs with NCR
Banks can each save up to R5-million per year by employing a tailored cash management solution. This is according to Alan Anderson, Bytes Managed Solutions’ Business Development director, who says that Bytes Managed Solutions (Bytes MS) can ensure significant cost savings through its latest cash management technology from NCR Corporation, the global leader in consumer transaction technologies.
TransUnion boosts collections process
The collections process is an essential one for any business extending lines of credit to customers, including telecommunications contracts. However, many organisations are faced with the challenge of collecting outstanding debt with limited resources to action the...
Altech Card Solutions renews PCI DSS V3
Alarming statistics released recently by the South African Banking Risk Information Centre (SABRIC) indicate that banking and card fraud is on the rise, resulting in losses to the industry of R454-million in 2014 alone. Against this backdrop, Altech Card Solutions’...
Sasria gains additional functionality
Sasria, as Africa’s foremost special risks insurer, covers property worth billions of rands against extraordinary risk. These risks include damages arising from riots, strikes, and terrorism. Sasria distributes its cover through agent companies (insurance companies)....
HomeSend wins banking award
HomeSend, an international transfer hub created by MasterCard, eServGlobal and BICS, has been named “Best Payment Product in Africa” at the Asian Banker Middle East and Africa Awards. The award recognizes payment products that efficiently enable secure, end-to-end...
Mango app users leverage MasterPass
Consumers booking flights through low cost airline Mango’s mobile apps can now make secure and convenient payments using MasterPass, MasterCard's digital wallet service. Travellers can pay for flights booked through the Mango mobile app, available on all major...
Banking security: threat or opportunity?
With the global threat to online security seemingly at an all-time high, Quintis Venter, a senior software engineer at ThoughtWorks argues that the threat to the financial services industry stems from technological deficiencies as a natural consequence of internal resistance to change. So how secure are online banking apps? They’re not. Many applications are technically secure, but it is important to understand that security is not just a technology problem.
UCS Solutions now PCI DSS compliant
UCS Solutions, the leading IT service provider to the retail industry, is proud to announce the organisation’s recent certification to PCI DSS (Payment Card Industry Data Security Standard) Version 3. This major milestone was achieved as a Payment Service Provider...