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Banking & Finance

Fast-forward banking: Trusted digital identity becomes crucial

Intelligent CIO asks: What steps should you take to prevent your digital identity being stolen? Contribution from Marius Coetzee, CEO of biometric experts Ideco. Banking as we knew it is on its way out, with a bold new world of seamless, cardless, cashless financial systems set to change the way people live and transact forever. But this […]


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. Kate Mollett, Regional Manager for Africa South at Veeam, explores the impact it is making in the local banking sector. Anybody still questioning how downtime can […]


Solution enables to electronically access and trade unitised funds

Silica, powered by IRESS, has launched a solution that enables users across the IRESS product suite to electronically access and trade unitised funds from major South African asset and investment managers. This solution removes the pain and paper of investing and drives administration costs down for all players in the value chain-advisers, asset managers and […]


Temenos establishes South African ‘Bank of the Future’ Think-Tank

Banking software company Temenos has announced the launch of its South African ‘Bank of the Future’ Think-Tank. The venture aims to address domestic and global challenges and opportunities facing financial institutions in the country. Over 60 experts from 30 banks and financial institutions are expected to take part in this initiative over the coming year, […]


SA business leaders could benefit from the power of a platform economy

Looking to spur local growth, Prins Mhlanga, founder of fintech company Ocean on 76, says that South Africa needs to embrace a platform economy business model that is rapidly transforming the global economy. Having evolved over the years, a platform economy is a new breed of digitally-driven, disruptive business models. The most distinctive characteristic of […]


Payments in Africa is driving innovation, says Wirecard SA expert

Demand on in Africa for geographically dispersed, less expensive and more efficient local and cross-border payments systems is accelerating development. The future of payments ecosystems is taking shape in Africa as the continent paves the way for innovation that brings together retail, banking, financial services and mobile technology. It’s being fuelled by a drive for […]


Avelacom extends low latency connectivity to South Africa

Avelacom, the high-performance connectivity and IT infrastructure solutions provider for the financial services industry, has announced that it has extended its connectivity offerings to South Africa, enabling trading firms to access the Johannesburg Stock Exchange (JSE) in a fast and reliable way. Global banks, HFTs and hedge funds accessing JSE can now obtain ultra low […]


Cloud shift starting to take place in SA financial service sector

Mounting pressure on financial service institutions has forced a change in strategy as disruptors redefine the competitive landscape.  Andrew Cruise, CEO, Routed, a vendor neutral cloud infrastructure provider, says that thanks to the cloud and a growing base of market disruptors, innovation and technology are becoming more critical to the survival of today’s financial institutions. […]


Second place for tech specialist e4 at Ecobank Fintech Challenge

Technology specialist e4 came second in the Ecobank Fintech Challenge, hosted in Lomé, Togo. According to Andrea Tucker, R&D Head at e4, there is a lack of a fully digital onboarding solution across most banks. “Onboarding customers is notorious for its tedious nature, for both the bank and customer,” she said. “Although it is a […]


Xperien partners with Merchant West to offer IT life-cycle solutions

Xperien has partnered with independent financial services company Merchant West to provide continuous IT life-cycle solutions, a fresh line of alternative funding to reduce the cost of IT assets. The partnership offers a full end-to-end IT Asset Life-cycle solution from acquisition to financing, management and disposal. Merchant West will structure a finance deal that reduces […]


Clickatell Transact enables UBA to launch WhatsApp service in Nigeria

Clickatell, an authorised WhatsApp Business Solution provider, has announced that United Bank for Africa (UBA) will be going live with its Chat Banking solution – Leo on WhatsApp. In a first for Nigeria, customers can now conduct their favourite banking activities in a secure and convenient manner, by communicating with their bank in a verified […]


Ecobank announces finalists for the Ecobank Fintech Challenge 2018

Ecobank, the leading independent pan-African banking group, has announced the finalists for the second edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology start-ups. The list includes 11 fintech startups from across the continent and beyond, with an Innovation Fair and Awards ceremony honouring them at Ecobank’s headquarters in Lomé, Togo, on August […]


IRESS opens software design to users through IRESS Labs

Financial technology business IRESS has announced a new initiative, IRESS Labs, that means more users of its software will be able to input directly into the design and development process and use future functionality in advance of general release. IRESS Labs, which operates in South Africa, is now available to users through the latest version […]


EIB support to help unlock Great North Road’s potential for Zambians

The European Investment Bank (EIB) has signed a €110 million (ZMK 1.27 billion) concessional loan with the Zambian Ministry of Finance in support of the Great North Road (T2), which will be followed by the signature of an EU grant of €72.45m that will complement EIB financing. Support for a regional project The overall project, […]


Decision Inc expert on transforming financial planning in retail

When it comes to developing relevant operational plans, Allan Saffy, FP&A Executive at Decision Inc, says that when it comes to developing relevant operational plans, the finance teams of South African retailers must be able to adjust for the unique challenges of this environment whether it is mobile e-commerce or real-time data analysis. The growth […]


Central Bank of Egypt embarks on Digital Transformation with Alaris

The Central Bank of Egypt has digitised 100 million documents using scanners from Alaris and aims to scan another 500 million documents over the next five years. The Central Bank of Egypt had 500 million documents which were retained as paper records. Retention of these records needs to be achieved in accordance with the relevant […]


Bridging the divide in Burkina Faso: How tech is changing lives

Technology is playing an important role in improving the lives of some of the poorest members of the population in Burkina Faso. Intelligent CIO explores some of these technologies – from improved digital infrastructure to Blockchain and innovative new farming tools – which are helping to bridge the digital divide in the west African country. World […]


Zoona automates financial forecasting with Decision Inc.

Implementing Adaptive Insights has brought about significant operational improvements at Zoona, enabling the organisation to become more efficient and responsive to market demands. Decision Inc. has recently implemented an automated financial forecasting solution at Zoona to replace its manual-based financial forecasting and planning system. About Zoona Zoona is a fintech start-up committed to helping communities […]


TMA-SA expert on rescuing the business profession

Alastair Macduff, Chairman and Chief Executive Officer of the Turnaround Management Association – Southern Africa (TMA-SA), says managing a business in today’s uncertain socio-economic conditions is not without its challenges. The emergence of more agile competitors, increasingly fickle customers and global pressures mean decision-makers must keep innovating while still delivering stakeholder value. Some have turned […]


Blue Turtle launches FinTech go-to-market for Africa

Blue Turtle, a leader in enterprise technology management, has unveiled a new go-to-market strategy which will assist financial services companies to better make us of new technology to drive business. As part of this strategy, Blue Turtle has partnered with some exciting new software providers in the Fintech space. The strategy brings together technology innovations, […]