MENU

Finance
Category

Securing credit card transactional data is crucial

Securing credit card transactional data is crucial

October 2, 2018 • Finance, Top StoriesComments Off on Securing credit card transactional data is crucial

Ever wondered where every credit card transaction is recorded and stored and how secure that data is, especially after the hardware on which that data is stored reaches end-of-life. If this data is compromised and lands in the wrong hands, it could have catastrophic consequences for not only the company concerned, but for the banks [&hellip...

Read More
Meeting the digital expectations of mobile customers in Africa

Hyper-availability: The competitive edge for digital banks

September 29, 2018 • Finance, OpinionComments Off on Hyper-availability: The competitive edge for digital banks

With downtime and unavailability significantly impacting on the reputation of a bank, fintechs are in a prime position to embrace hyper-availability and gain the competitive advantage over the incumbents. We explore the impact it is making in the local...

A new phase in fight against financial crime

A new phase in fight against financial crime

September 29, 2018 • Finance, SecurityComments Off on A new phase in fight against financial crime

To build better customer relationships and increase profits, enterprises must converge their fraud and compliance solutions and remove the siloes that allow sophisticated criminals to take advantage. The fraud industry has evolved in the last ten years —...

FNB holds strongest reputation in South African banking sector.

FNB holds strongest reputation in South African banking sector

September 28, 2018 • Finance, Top StoriesComments Off on FNB holds strongest reputation in South African banking sector

For a third consecutive year, FNB has claimed the prestigious title of strongest reputation in the 2018 RepTrak Pulse Survey. Conducted by the Reputation Institute (RI), the survey provides a specialised measurement of how stakeholders, namely: the public,...

Africa is the Silicon Valley of banking

Africa is the Silicon Valley of banking

September 27, 2018 • FinanceComments Off on Africa is the Silicon Valley of banking

The rise of fintechs might be shaking up the banking sector in developed countries, but African banks are taking full advantage of this technological revolution. So argue the co-founders of TagPay Yves Eonnet and Hervé Manceron, in their new analysis of the...

Amit Sanyal, VP & Executive Head, Consumer Value Solutions, Comviva

Comviva unveils foray into banking CVM with machine learning & AI platform

September 26, 2018 • FinanceComments Off on Comviva unveils foray into banking CVM with machine learning & AI platform

Comviva announced its foray into banking customer value management (CVM) by entering into a new partnership with Number Theory, an Artificial Intelligence and Enterprise Data Management firm. The partnership allows Comviva to enhance its MobiLytix Real Time...

African cryptocurrency to be launched in December 2018

African cryptocurrency to be launched in December 2018

September 25, 2018 • Finance, Top StoriesComments Off on African cryptocurrency to be launched in December 2018

An African cryptocurrency called Afri Union Coin (AUC) (formerly known as African Master Coin), developed by Africa Master Blockchain Company (AMBC), is all set for launch to the public in December 2018. The coin will be tradable from the beginning of 2019....

5 Reasons why you should use ChatBanking on WhatsApp

5 Reasons why you should use ChatBanking on WhatsApp

September 23, 2018 • Finance, Opinion, Southern AfricaComments Off on 5 Reasons why you should use ChatBanking on WhatsApp

How many times do you check your phone every day? Probably a good few. And if you’re like most other people with a smartphone in South Africa – or anywhere in the world, actually – chances are that it doesn’t end there and that you get sucked into the...

KYC models need to upgrade

Know your customer models need to upgrade

September 23, 2018 • Finance, Southern AfricaComments Off on Know your customer models need to upgrade

Know your customer (KYC) and anti-money laundering (AML) is a worldwide focus in the financial services sector, as regulators seek to embed greater transparency in transactions and stamp out fraud and money laundering. But KYC and AML management models in...

Remittance income will drive economic growth for Africa

Remittance income will drive economic growth for Africa

September 21, 2018 • East Africa, Finance, North Africa, Southern AfricaComments Off on Remittance income will drive economic growth for Africa

Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according to ICAEW’s (the institute of Chartered Accountants in England and Wales) latest report. The report, commissioned by ICAEW and...

Member States urged to explore new sources of financing in Central Africa

Member States urged to explore new sources of financing in Central Africa

September 21, 2018 • Finance, Top StoriesComments Off on Member States urged to explore new sources of financing in Central Africa

“Financing industrialization is not only about chasing money,” said Antonio Pedro, Director of the ECA Subregional Office for Central Africa. “We need to look at the soft and hard infrastructure that will then create the necessary enablers for money to...

Benefits of Industry-Specific Blockchains

Blockchain will be a game-changing technology in customer onboarding

September 20, 2018 • Finance, OpinionComments Off on Blockchain will be a game-changing technology in customer onboarding

Some things in life simply scream ‘paperwork’. Signing up for an account at a bank, for instance, or originating an insurance policy. How about applying for a home loan, moving to a new Medical Aid or getting a credit card? Almost everything within the...

Group Chief Executive Officer of Fedgroup, Grant Field

Innovative app drives impact investing at grassroots level

September 19, 2018 • Finance, Top StoriesComments Off on Innovative app drives impact investing at grassroots level

The global trend of impact investing – investments aimed at generating social and environmental impact, along with a financial return – has experienced exponential growth over the last decade. However, despite South Africa having been flagged as a...

Amne Suedi, Principal at Shikana Law Group

East African law firm predicts key growth for African countries

September 19, 2018 • East Africa, Finance, Retail, Top StoriesComments Off on East African law firm predicts key growth for African countries

The burgeoning gaming industry in Africa has been thrown into stark relief during 2018 with countries across the continent driving key measures to capitalise on emerging sectors and authorities keen to discuss the direct and indirect investment opportunities...

Gartner survey finds 70 per cent of AI projects in Digital Commerce are successful

How AI will bring out the best in accountants

September 19, 2018 • Finance, OpinionComments Off on How AI will bring out the best in accountants

Do you remember a time before online and mobile banking? A time when you’d walk into a bank and the manager would greet you by name, ask about your family and what you needed help with? That relationship and personal experience made us loyal to the bank...

Raj Makanjee, CEO of FNB Retail

Customers to benefit from disruption in retail banking, says FNB

September 18, 2018 • Finance, Retail, Top StoriesComments Off on Customers to benefit from disruption in retail banking, says FNB

Customers will be the main beneficiaries of disruption and increased competition in Retail banking due to a potential improvement in value and customer service. This is according to Raj Makanjee, CEO of FNB Retail who is reflecting on the increasingly...