Sep 16, 2014
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...
Sep 12, 2014
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...
Aug 12, 2014
Banking and securities companies in the Middle East and North Africa will spend approximately $13,2-billion on IT products and services in 2014 – an increase of 2,7% over 2013 revenue of nearly $12,8-billion, according to Gartner. This forecast includes spending...
May 8, 2014
A new study commissioned by Ericsson shows that increased level of investments in network quality and performance create sustainable competitive advantages and improved financial returns for network operators. The study, carried out by Dr Raul Katz, president of...
May 6, 2014
Last week, the Reserve Bank slapped South Africa’s big four banks with heavy penalties for not implementing regulations to control money laundering and combat the financing of terrorism. To be clear, the banks were not accused of facilitating transactions involving...
