Intervate, KPMG host productivity event
KPMG, in partnership with South Africa’s foremost provider of enterprise information management (EIM) and process automation solutions, Intervate, hosted an event where KPMG presented the fifth annual Sourcing Advisory Pulse Survey in Cape Town on 7 August 2013. The...
Building an ecosystem for mobile payments
Mobile phone-based transactions have come of age in South Africa, with wiGroup’s platform, wiPlatform, processing over half a billion rands in transaction value during the first six months of 2013. “We have seen a 500% increase in mobile transaction volumes through...
Financial inclusion key to higher savings
Absa uses banking technology to expand financial inclusion for a greater savings pool with over 4-million cell phone banking customers of which half are entry level banking customers. As principal sponsor of the 6th African Microfinance Conference taking place at the...
Digital banking saves FNB customers money
FNB encourages customers to use its digital and electronic banking channels as another way to save this National Savings Month. By using channels such as FNB Banking App, FNB Online Banking or Cellphone Banking, FNB customers save between 75 and 100% on day-to-day...
Adoption of contactless payments
As South Africa steadily gears up for the widespread adoption of contactless payment systems, a local expert says consumers have plenty of convenience to look forward to. However, adoption is something of a "chicken and egg" challenge, as introducing the technology to...
Unlock the power of information in insurance
There are three indisputable facts about the insurance industry, says Bruce Taylor, GM: Vertical Solutions, Dimension Data Middle East and Africa. Firstly, it’s a $4,3-trillion global business with premium revenues in emerging economies growing at 11% year-on-year....
Mobile wallets will change travel industry
The mobile wallet will be increasingly used by travellers to make all kinds of payments, including hotel reservations - something hoteliers need to take serious cognisance of. So says Nicolette Kruger, country manager of NFS Technology, the developer and supplier of...
Mitigating money laundering risks
Whether it’s via real estate deals, "fixed" gambling, poor record keeping at a Bureaux de Change, double or inflated invoicing in a company or transferring money to an unknown party regularly for a commission, money laundering is as serious an issue in South Africa...
Nedbank launches MyMoneyMap
Nedbank has announced the planned launch of yet another South African first. MyMoneyMap is an allowance management tool that is secure and easy to use, empowering kids – with their parents' help – to build financial fitness from an early age. MyMoneyMap is based on...
Openness key to mobile transactions
If a smartphone is nearby while reading this – and it will be a surprised if it isn’t – pick it up and take a moment to consider all the things it is, says Bevan Ducasse, CEO of wiGroup. It’s a calendar, little black book of contacts, a games console, a music centre,...
IT changes financial services industry
According to recent research by Deutsche Bank, financial services firms will spend between $270-billion and $460-billion on IT in 2013 globally. The explosion of technology has changed the financial services industry from a paper and branch business to digitised and...
mPOS device a boost for SMEs
Visa’s new mobile point of sale (mPOS) device, which makes it much easier and cheaper for smaller and medium enterprises (SMEs) to accept card payments, will be showcased at the Visa stand at this year’s Tourism Indaba in Durban. Taking on a "plug-and-play" approach,...