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January 24, 2018 •
Finance, Online & Social, Security, Southern Africa, Sponsored •
Dean Workman •
Comments Off on How banks should approach cybersecurity
If there’s one industry we should be most concerned about when it comes to cyber criminals and security, it’s the one that looks after our money. “The financial services industry is under continual threat from cyber crooks, and the methods they use to...
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December 27, 2017 •
General, Online & Social, Opinion, Southern Africa •
Dean Workman •
Comments Off on Making customers central to the digital journey is key for banks & insurers
For years, the power of digital has seen it placed at the top of strategic plans and interventions to streamline and add value to business processes and the bottom line overall. The introduction of digital technologies has undoubtedly impacted on businesses...
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November 29, 2017 •
Finance, General, Opinion, Top Stories •
Dean Workman •
Comments Off on Banks that are not ready for digital disruption will struggle
The banking industry continues to experience disruption – by new players, new opportunities and new risks – influenced by a number of forces including Application Programming Interfaces (APIs). Although some financial institutions such as Citi are using...
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November 23, 2017 •
Finance, General, Opinion, Southern Africa •
Dean Workman •
Comments Off on Identity ecosystem must learn from banks’ example
The recent high-profile identity data breaches in South Africa are symptomatic of the overall chaos the identity ecosystem currently finds itself in. Lacking a cohesive strategy, an interlinked architecture and a comprehensive regulatory framework, most...
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August 16, 2017 •
Mobile and Telecoms, Top Stories, West Africa •
Dean Workman •
Comments Off on Nigeria: 9Mobile to escape full repayment of $1.2 billion debt
In the latest development of the ever changing story of 9Mobile, formerly Etisalat Nigeria, the consortium of 12 banks involved in the $1.2 billion 9Mobile loan – a loan the firm took out four years ago; however, failed to repay due to a currency...
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July 18, 2017 •
Finance, Opinion, Southern Africa •
Dean Workman •
Comments Off on Why USSD won’t replace apps
The complex acronym USSD (Unstructured Supplementary Service Data) does nothing to represent its simplicity. It’s the most basic of mobile phone-based service offerings – but its potential to make strides for financial inclusion is significant. Despite...
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![Nigerian_Naira[1]](http://www.itnewsafrica.com/wp-content/uploads/2014/05/Nigerian_Naira1-150x130.jpg)
May 22, 2017 •
Finance, Top Stories, West Africa •
Dean Workman •
Comments Off on Nigerians fork out N138 billion to 10 banks
According to a report by the Vanguard, Nigerian bank customers paid N138 billion ($437 million) in electronic payment charges to the top 10 banks in the country last year. The fee represents an eye-opening 26% increase on the N109.1 billion paid by...
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January 28, 2014 •
Security •
Chris Tredger •
Comments Off on Cybercrime rising across Africa’s financial sector
Incidents of cybercrime continue to plague Africa’s banking sector. Regional media claim that several banking institutions are being investigated in cybercrime cases. These investigations are said to include inquiries about illegal online transfer of...
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September 15, 2011 •
Opinion •
Charlie Fripp •
Comments Off on How do banks monetise mobile channels?
The era of mobile banking and mobile payments is dawning. Around the world and across the banking value chain, everyone is waking up to the huge potential of a market that is changing the way customers interact with financial institutions. Banks are...
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June 8, 2011 •
Mobile and Telecoms •
Charlie Fripp •
Comments Off on Namibian telecoms unit sold
ORASCOM Telecom, one of Egypt’s leading telecommunications company subsidiary, Telecel Globe has announced the sale of its Namibian business component, Powercom to Investec and Nedbank. The move, analysts here in Cairo say, was expected in order to give the...
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October 22, 2008 •
Enterprise •
Charlie Fripp •
Comments Off on African Banking Corporation selects BankWorld
CR2, a global provider of self service banking software solutions and African Banking Corporation have today announced that the bank has selected BankWorld, CR2’s industry leading integrated self service platform...
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September 12, 2008 •
Top Stories •
Charlie Fripp •
Comments Off on Hackers stealing $200billion per year worldwide
Hackers are having it big worldwide, the global economy is losing almost $200 billion per year to the cyber thieves; this is according to Nigerian based Global Network for Cyber Solutions (GNCS)...
