Nov 4, 2013
Card payments are overtaking cash, with FNB reporting that non-cash purchases in its consumer segment surpassed cash withdrawals at its ATMs by R800-million. The dominance of card over cash is very new in the financial services sector – just two years ago, FNB...
Oct 28, 2013
Approximately 30% of users have received bogus e-mails claiming to come from banks. The fraudsters often use fake notifications from banks in order to trick users into handing over account credentials and giving away access to their money, according to the Kaspersky...
Jul 10, 2013
Every fifth phishing attack registered between May 2012 and late April 2013 targeted users of banks and other financial organisations, according to Kaspersky Lab. The company says 20,64% of all phishing threats registered between May 2012 and April 2013 were aimed at...
Jun 19, 2013
The financial services industry, particularly banks, has stepped up efforts in gearing up its intellectual capital base to manage risk and money-laundering activities, says Alison Thom, principal consultant at leading executive search and consulting group Mindcor....
Apr 12, 2013
Big banks may be considered too big to fail, but their size and operational complexity create performance drags that could also make them too big to succeed. According to Gartner, bank CIOs and chief operation officers (COOs) must innovate in IT and operations to...
