TymeBank CEO Sandile Shabala is stepping down from the position, according to a statement issued by the company on Tuesday, 25 June 2019. Shabalala held the CEO position for almost 3 years. TymeBank is South Africa’s first fully digital bank and is...
First National Bank has taken over the title as Africa’s most valuable banking brand for the second year in a row, according to the latest Brand Finance Africa Annual Survey. The report notes that FNB, at US$1.7 billion, is the most valuable banking brand...
FNB is expanding its digital payments ecosystem by enabling consumers and sole proprietor businesses to perform and accept QR code payments using the FNB Banking App. This makes FNB the first bank in South Africa to integrate QR code payments into a banking...
January 23, 2019 •
Features •
Neo Sesinye •
Comments Off on What does 2019 have in store for us?
Despite the undeniable power of modern predictive analytics, in some ways we are no better off than the old crone with her crystal ball when it comes to predicting what the world holds in store for us in 2019. That’s partly because the world we live in has...
Digital transformation is well and truly underway, both in business and across our daily lives. As technology continues to change the way we work and live, it’s worth looking at the year ahead to see what technology is likely to have the biggest impact in...
In less than eight weeks, Nedbank’s new mobile account, MobiMoney, has seen more than 50 000 people sign up in the Soweto, Tembisa, Mamelodi and Soshanguve areas where the solution was piloted. As further testament to the popularity and ease-of-use of the...
November 26, 2018 •
Security •
Danielle Kruger •
Comments Off on Don’t forget about physical security in the digital age of banking
Where there is money, there is a motive for theft and banks will never be the exception to this rule. Although banking is steadily becoming more digitised, there is still a need for cash, which means that physical security cannot be overlooked. Whether it’s...
FNB has launched its more recent digital innovation on the nav» Home functionality that enables FNB customers to securely list and sell their homes privately to buyers who most likely qualify for a Home loan, while saving costs associated with the process....
October 31, 2018 •
Finance •
Darryl Linington •
Comments Off on Fintech partnerships: The golden opportunity for traditional banks?
South Africa’s Fintech scene is growing rapidly, with a number of exciting local Fintech players attracting attention and venture capital investment. They’re carving out high-tech niches in all sorts of arenas: mobile money, social lending, bitcoin...
October 19, 2018 •
Finance, Southern Africa •
NetAdmin •
Comments Off on How the rules of the game are changing in Africa’s banking sector
FinTech remains to be the most appealing industry for investors as African start-ups look to bridge the financial gap An abundance of opportunities We are fortunate to witness a period of monumental progress in Africa. The changes are visible across all...
September 27, 2018 •
Finance •
NetAdmin •
Comments 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...
Papersoft is now a technological partner of two of the biggest African banks: Equity Bank Group and Ecobank from Democratic Republic of Congo to help them delivering their financial inclusion services via hyperlocal agents. Banks alongside with technology...
NMB Bank has urged small to medium sized businesses to take advantage of the advisory and financial services its Small to Medium Enterprises (SME) Banking Unit offers them to help grow their enterprises. NMB SME Banking Unit head Erasmus Bhunu says the unit,...
June 7, 2018 •
Features •
NetAdmin •
Comments Off on The future of open banking – convenience through innovation
Open banking has the potential to completely revolutionise the banking industry on a global scale. It allows customers to take full control of their finances and could potentially break the monopoly banks have enjoyed for many years. This all started when the...
May 28, 2018 •
Finance, Top Stories •
NetAdmin •
Comments Off on Banking the unbanked: serving the excluded
Two billion people worldwide do not have a bank account or access to financial institutions. Often referred to as the unbanked, they generally only pay in cash or purchase money orders. Matthew Barnard, the executive head of banking at BBD, explains in a...
May 4, 2018 •
Features •
NetAdmin •
Comments Off on Trust & compliance: customer relationship challenges for financial services providers
When the General Data Protection Regulation comes into effect on May 25th, financial services firms will face a new potential threat to their on-going challenges with building strong customer relationships. The regulation – dubbed GDPR for short – is...
