The banking industry is undergoing a seismic shift thanks to the advent of financial technology, or fintech. This innovative sector is providing new ways to deliver financial services that are faster, more secure, and more user-friendly than ever before. Here…
It has been discovered that the underbanked in the informal sector in South Africa amounts to more than 19 million individuals. Apart from this, the informal sector generates up to R260 Billion per year. In a panel discussion hosted by…
Open Banking is seen as a financial revolution that empowers consumers by securely sharing data between banks, institutions, and third parties. It streamlines transactions, eliminates manual document presentation, and reduces compliance time. Since its introduction in the UK in 2018, Open…
The Bill and Melinda Gates Foundation identified five key ways that African countries can include more than 400 million people into the digital economy, with one of the key themes being the importance of exploring a pathway to open banking.…
Fiorano Software, a leading Enterprise Integration Middleware and API Management specialist, announced that African Export-Import Bank (Afreximbank), Egypt has chosen the Fiorano Hybrid Integration Platform (HIP) to integrate its cloud-based core banking system, Finacle, with application systems to establish a…
Imagine if you owned your bank data and could decide who you want to share this data with, thereby gaining access to a broad range of products to suit your needs. Matthew Barnard, an executive at software development company BBD,…
New regulations encouraging open banking may bring additional operational challenges, but new research by Forrester shows open banking has the power to transform the global banking landscape over the next decade. Open banking is the next step in the digital…
Wipro Limited has announced, the launch of its Open Banking API (Application Programming Interface) Platform. The Open API platform, will enable banks and financial institutions to launch Open Banking initiatives and create new forms of distribution channels and servicing capabilities,…