SA needs to get proactive on fraud prevention
South Africans are facing an increasingly risk-based landscape when it comes to fraud with huge surges in incidents such as identity theft, money muling, and a multitude of both physical and digital scams. "Our research shows that identity theft has grown by more than...
Fraud still a big problem for banking customers
Although banks appear to be making greater efforts to resolve some types of consumer disputes internally, banking fraud related to current accounts and Internet banking remains high on the list of complaints to the Ombud for Banking Services South Africa (OBS). Two...
AI increases skills gap, time to retrain staff
In the next three years, as many as 120-million workers in the world's 12 largest economies may need to be retrained or reskilled as a result of AI and intelligent automation. This is among the findings from a new IBM Institute for Business Value (IBV) study, which...
Algorithm-guided selling set to debut
Nearly 51% of sales organisations have already deployed or plan to deploy algorithmic-guided selling in the next five years, according to Gartner. Intended to augment more traditional sales tools, such as sales playbooks, algorithmic-guided selling uses sales data to...
Applications invited for AlphaCode Explore
Registrations for the AlphaCode Explore programme are now open. A joint initiative of The Explore Data Science Academy (EDSA) and Rand Merchant Investment Holdings (RMI) fintech division, AlphaCode, the 12-month programme is aimed at honing the ideas and skills of 20...
Moderate growth for Ethernet switches, routers
The worldwide Ethernet switch market (Layer 2/3) recorded revenues of $7,07-billion in the second quarter of 2019 (2Q19), an increase of 4,8% year over year. Meanwhile, worldwide total enterprise and service provider (SP) router market revenues grew 3,4% year over...
The robots are coming to rAge 2019
Vodacom rAge 2019 has added another first to its growing list of exciting attractions. For the first time, The World Robotic Olympiad SA (WRO SA) will set up shop at Vodacom rAge 2019 host their top teams. The World Robotic Olympiad (WRO) is a global event that brings...
Swift adds new API
Swift has published a new API standard for the pre-authorisation of funds, paving the way for open banking. The new standard allows a payer's bank to earmark funds for a purchase in advance, guaranteeing that the future payment will be honoured. It is the second of...
Increased revenue, profit for Mustek
Mustek has increased its revenue, profit and earnings for the year ended 30 June 2019. In a short-form announcement, the group announced revenue of R5,85-billion, up 3,1% from 2018's R5,67-billion. Operating profit was up 33,4% to R217,53-million compared to...
Enterprise external OEM storage declines
Vendor revenue in the worldwide enterprise external OEM storage systems market decreased 0,8% year over year to $6,3-billion during the second quarter of 2019 (2Q19). According to the International Data Corporation (IDC) Worldwide Quarterly Enterprise Storage Systems...
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