Financial institutions often underestimate the consequences of a breach. By doing so, they risk misjudging the value of high-quality online and mobile security, says Renata Fischer, SVP Sales of Entersekt. Around the world, banks and their customers are under threat from increasingly sophisticated cybercriminals. The underworld is often quicker to...
Africa's financial environment is as competitive as other developing and high income regions in some countries, but access to finance remains a challenge, according to ICAEW (The Institute of Chartered Accountants in England and Wales). In its report Economic Insight: Africa Q3 2016, the accountancy and finance body notes...
Nigerian Mobile Money Operator, ChamsMobile Ltd, under its brand ‘Kegow’, has announced the introduction of a Mobile money account for Nigerians living abroad in socalled “diaspora”, an account which will include a linked Visa Virtual Card as a standard feature. Gavin Young, DMD, ChamsMobile explains: “If we consider that there...
While the stringent financial regulations in South Africa protect consumers and the financial services sector from systemic risk, they also create high entry barriers for innovative entrepreneurs looking to improve the industry’s customer value proposition. That is the view of Nadir Khamissa, founder and chairman of the Hello Group, who...
Mastercard and Guaranty Trust Bank Rwanda Ltd (GTBank Rwanda) are building on their long-standing partnership in Rwanda by introducing a suite of digital payment solutions, aimed at extending the demand for safe and convenient payment solutions. GTBank Mastercard Platinum and Classic debit cards, as well as the GTCrea8 debit card...
PayU and Computop have announced a partnership that will provide South African retailers with payment solutions for high growth international markets. Retailers are now able to effectively conduct online and mobile business throughout most of the world via Computop Paygate and PayU’s solution. 90 percent of the global population under...
The world is a growing and dynamic place. Despite the obvious challenges, it is generally becoming a richer and more prosperous place to live in with more people being lifted out of poverty than ever before. For people in low- and middle-income countries, digital financial services (DFS) can be...
With the disruptive arrival of financial technology tools and platforms, banks worldwide have been besieged with gloomy forecasts. Advisory firms and analysts are feverishly crunching the numbers and warning of a tech-fuelled banking revolution – with the established players on the backfoot. It may be true that banking is...
ThisIsMe (TIM) has announced it will soon be launching blockchain technology to further enhance its current services of true identity (ID) verification, onboarding, background checks and KYC/AML (know-your-customer and anti-money laundering). “While often associated with the virtual currency, Bitcoin, blockchain technology is now being considered as an additional layer of...
Ubank, has shaken up the financial services industry by launching their own mobile and digital payment platform in partnership with WIZZIT International. The implementation of the platform – nicknamed Vulindlela – aims to competitively position Ubank to leapfrog into adjacent markets beyond mining, to boost revenue streams. Customer first “The launch...
Absa has implemented a suite of CA Technologies solutions that enable the bank to see how customers use and consume mobile and digital services, in real-time, this is part of a top-to-bottom renovation of its 24-hour Operations Command Centre. It has also made it possible for the bank to...
Absa has partnered with walletdoc in a bid to offer users a smart, secure and convenient way to pay bills such as monthly subscriptions and utilities. The payment solution notifies the user when bills arrive, sends reminders when bill payments are due and allows user to pay the bills with...
With growth stagnating around much of the world, businesses often look to new markets to find opportunities. BRIC countries were previously thought of as the global El Dorado by many companies but Brazil, Russian, India and China largely turned out to be disappointing, as their economies have stagnated and...
South African mobile commerce provider, has won the Innovation Award at the 2016 Mastercard Innovation Forum in Budapest, Hungary. iKhokha was recognised in the Innovation category for extending the acceptance of Masterpass, the digital payments service from Mastercard, into the face-to-face environment in South Africa for the first time. iKhokha...
The British High Commission, in conjunction with Barclays Bank of Kenya  held an event in Nairobi bringing together leading players in the local renewable energy sector with investors from the United Kingdom. The UK-Kenya Renewable Energy Conference (REC 100) aimed to secure investment into Kenya’s growing renewable energy sector, building...
First National Bank (FNB) unveiled the FNB Banking App 5.0, the newest version of the App which has a range of digital firsts in Africa. FNB App 5.0 features industry-leading solutions such as FNB Pay, Fingerprint ID, Secure Chat, Smart inContact, 1-touch Report Fraud, as well as the FNB...
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