Nutanix, Inc. has recently announced findings of its Enterprise Cloud Index Report for the financial services sector, measuring financial firms’ plans for adopting private, public and hybrid clouds. The report revealed that the financial sector outpaces...
February 4, 2019 •
Security •
Neo Sesinye •
Comments Off on Digital commerce has changed the way consumers interact with businesses
Difficult to achieve and earned over time, trusted online relationships are based on businesses providing a secure environment and a great customer experience. Recently released Experian’s Global Identity and Fraud Report found that 74 percent of...
November 15, 2018 •
Finance •
Danielle Kruger •
Comments Off on PayFort wins award for ‘Most Innovative Online Payment Service Provider’
PayFort, an Amazon company, has been recognised as the ‘Most Innovative Online Payment Service Provider’ by the International Finance Awards 2018. This is an awards programme run by International Finance Magazine that identifies finance, financial...
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 29, 2018 •
Finance, Top Stories •
Neo Sesinye •
Comments Off on Digitalisation will make most heritage financial firms irrelevant by 2030
By 2030, 80 per cent of heritage financial services firms will go out of business, become commoditised or exist only formally but not competing effectively, according to Gartner, Inc. These firms will struggle for relevance as global digital platforms,...
September 20, 2018 •
Finance •
NetAdmin •
Comments Off on Blockchain will be a game-changing technology in customer onboarding
Some things in life simply scream ‘paperwork’. Signing up for an account at a bank, for instance, or originating an insurance policy. How about applying for a home loan, moving to a new Medical Aid or getting a credit card? Almost everything within the...
August 17, 2018 •
Security •
NetAdmin •
Comments Off on Over one third of all phishing attacks target customers in the financial sector
In the second quarter of 2018, Kaspersky Lab’s anti-phishing technologies prevented over 107 million attempts to visit phishing pages, of which 35.7% were related to financial services and targeting customers through fake banking or payment pages. The IT...
July 11, 2018 •
Cloud Computing •
NetAdmin •
Comments Off on Cloud and partnerships key to survival for finservs
While financial services institutions have been able to collect huge volumes of data on customers and their behaviours, they need to turn to new technologies and strategic partnerships to improve internal processes and customer experiences, in order to...
February 12, 2018 •
Finance, Southern Africa •
NetAdmin •
Comments Off on Are investment banks ready for blockchain-enabled distributed ledgers?
Two years ago, Accenture published a report on the potential impact of blockchain technology on the investment banking industry. Since then, interest in and funding for this type of financial technology (FinTech) have grown exponentially. An estimated $75...
Robo-advice and artificial intelligence technologies are fast-tracking new investment opportunities at a lower cost than traditional investment options – disrupting financial institutions’ approach to customer interaction. These automated platforms, that...
South African software developers that service the financial sector are in high demand locally and internationally as they capitalise on expertise gleaned from operating in one of the most sophisticated banking and advanced mobile tech environments in the...
When looking at the world as a whole, it is evident that each continent has it’s own growth trends which are ultimately determined by the economy as well as common global trends. This means that all countries will be influenced and affected in one way or...
JUMO, a digital financial services company, has announced the appointment of ex-Barclays Africa Managing Principle, Warren Squires as the new Director of the MTN channel. This is a part of JUMO’s drastic expansion. Squires will lead JUMO’s...
October 17, 2016 •
Finance, Southern Africa •
NetAdmin •
Comments Off on SA’s outdated banking regulations stifling innovation, preventing competition
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....
What is digital transformation? Simply put, it’s leveraging digital business, which Gartner defines to be the creation of new business designs by blurring the digital and physical worlds, to reach goals that could not be reached earlier, faster, or cheaper,...
September 7, 2016 •
Finance •
NetAdmin •
Comments Off on MTN enters the insurance business
MTN Group and MMI Holdings today announced the launch of a micro insurance joint venture, branded aYo. The joint venture will benefit from the scale, combined expertise and market access of both companies, to provide a strong basis to compete in a changing...
