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digital banks

South Africa’s TymeBank Appoints 3 New Senior Executives to “Increase Diversity”

TymeBank, one of South Africa's fastest-growing digital banks, has today announced the appointment of three new executive committee members, all of whom will report directly to TymeBank CEO Coen Jonker, who took over the reins of the company on...

United Bank for Africa (UBA) Redeems $500-Million 5-year Eurobond

The United Bank for Africa (UBA), a financial services group, on Wednesday, redeemed its $500 million 5-year Eurobond notes, with a maturity date of June 8, 2022. Issued in 2017, the five-year bond was offered at a coupon rate of...

TymeBank Announces Coen Jonker as the Group’s CEO in SA

Tyme Group, which is one of the world’s fastest-growing digital banking groups, has announced a series of leadership changes including appointing Coen Jonker as TymeBank CEO in South Africa as it embarks on the next chapter of its growth...

Bank Zero Launches in SA – A Digital-Only Banking Experience

Bank Zero, a digital-only bank offering its services via a smartphone app, has launched in South Africa. The launch comes three years after Michael Jordaan and other co-founders announced the digital banking newcomer's introduction into the market. Currently, the mutual...

FNB Named South Africa’s Best Digital Bank

First National Bank (FNB) has been voted as the best digital bank in the 2020 SITEisfaction survey. The bank is said to have "dominated overall customer satisfaction metrics on both the Best Mobile Banking and Best Internet Banking categories". Conducted...

South African fintech in 2019 – what can we expect?

Here are my fintech predictions for 2019 based on what we are seeing with our members at AlphaCode which closely track international trends in this space. AlphaCode is the Rand Merchant Investments  (RMI) incubation, acceleration and investment initiative that...

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...

Digital banks are becoming a reality

The services offered by traditional banks are too restrictive for what smaller retailers require and many of them are looking for alternative solutions. Disruption in the financial space is inevitable and company heavyweights such as Discovery and Outsurance are taking...

Major developments expected for fintech in 2017

From digital banks to mobile-payment solutions, technology is set to change the South African financial services landscape at a pace that will continue to surprise even the most hard-core non-believer. Digital banks On the banking front, 2017 will be the year...
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Regular Vigilance Crucial for Spotting Software Breaches

Chief Technology Officer for Obsidian Systems, Karl Fischer, says "Constant vigilance is essential to identifying software security breaches." Fischer recounts,...
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