FNB offers smart devices to customers
Qualifying FNB Cheque Account holders and FNB Private Clients can now buy up to four smart devices* on their banking profiles dependant on affordability. This comes just in time for the festive season gift buying rush. In the past, customers were limited to one device...
Standard Bank app arrives for Nokia Lumia
There is a rush of new great applications coming to the Windows Phone Store, and one of South Africa’s leading banks have added theirs to the growing catalogue. The Standard Bank app brings a wide range of features designed to make on-the-go banking easy and secure....
Inoxico boosts credit scoring solutions
Risk solutions provider Inoxico has confirmed that it has identified a meaningful correlation between its proprietary Inoxico Director Singularity Index (DSI) and an organisation’s likelihood of a defaulting on its financial obligations. According to Inoxico CEO André...
Omni-channel banking solution from Huawei
Huawei has showcased its omni-channel banking solution at the Asian CIO forum that was held from 24 to 26 September 2013 in Hong Kong. During the two-day forum, Huawei also shared views and perspectives on intelligent financial services and omni-channel banking...
Leveraging big data for claims processing
Short-term insurance and medical aid companies in Africa are under extreme pressure to keep up with the growing volumes of claims, with vital information embedded in faxes, e-mails, handwritten notes and phone calls that have pertinent information which need to be...
FNB launches Share Investing on banking app
FNB has announced the availability of Share Investing on the FNB Banking App, available on the latest version of the app for smartphones and tablets. With full trading functionality, customers can now buy, sell and keep track of their investments via the FNB Banking...
Liberty launches Risk Revealer
Liberty has launched an industry first: Risk Revealer, a Web-based tool that allows potential and existing clients to calculate their level of lifestyle and accidental risk. Nicholas van der Nest, Divisional Director for Risk Product Management at Liberty, says the...
NCR launches APTRA Interactive Teller
At the ATMIA Emerging New Africa show, NCR Corporation - in collaboration with Bytes Managed Solutions - has launched NCR APTRA Interactive Teller, a new ATM-based technology that makes everyday banking transactions easier for customers by allowing them to complete...
Security is critical for secure payments
Payments fraud experienced by retail businesses remains persistent, despite declining for a third year in succession, according to the 2013 AFP Payments Fraud and Control Survey, says Lionel Slowe, head of the SADC project at BankservAfrica. The survey states that 61%...
Financial institutions and disaster recovery
Business continuity in the payment industry is becoming more important than ever as most companies in Africa are ill prepared when it comes to disaster recovery, says Lionel Slowe, head of the SADC project at BankservAfrica. According to the latest EMC disaster...
Contactless payments 101
With the steady introduction of contactless payment systems in parts of South Africa, a new wave of convenience for low-value transactions is becoming a reality. But just what is this technology? How does it work, and is it secure? These are questions that many people...
Interoperability drives mobile payments
The proliferation of mobile devices in Africa has increased in the past few years and there is no doubt that these devices are moving beyond their role as phones and becoming enablers for a wide range of functionalities from mobile TV to electronic payments, says...