Following South Africa’s financial greylisting by global financial crime watchdog, the Financial Action Task Force (FATF) for not fully complying with international standards around the prevention of money laundering and terrorist financing, significant amendments have been made to the Financial…
Identity is crucial enabler to successfully transact with today’s world. With the competitive market and tough business conditions, organisations need to speed up transactions whilst improving governance into the process. Further complicating the process is that security for customers needs…
Abiding by a host of regulatory requirements is an additional responsibility for businesses, many of which already face immense pressure to increase margins in tough economic times and improve customer satisfaction in competitive environments. Complying with the Know your Customer…
Digitisation is transforming business and impacting consumers through every stage of their daily lives. While rapidly becoming a way of life, onboarding consumers digitally is still in its infancy, but is becoming a major focus for every financial institution across…
South African fintech startup, ThisIsMe, has set a new Africa record for the FICA (Financial Intelligence Center Amendment) process. This process which used to be a drawn out taking as long as two days to two weeks, has now been…
While it is widely accepted that we are living in a digital age, more connected than ever before, elements of today’s customer journey still remain reliant on an original paper-based system, presenting too many opportunities for fraud, identity theft or…
The provision of banking and financial services in South Africa is a highly regulated activity and the revolutionary Fintech (financial technology) is posing a significant challenge to the current regulatory framework. The challenge has been acknowledged by the South African…