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Banking & Finance

SaaS set to transform the insurance industry

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Software as a Service (SaaS) and the cloud have become essential components to grow a business in the digital environment. Patrick Ashton, Managing Executive of Cirrus, a subsidiary of the SilverBridge Group, believes that insurers across Africa will significantly benefit from this shift in approach. Given that software, services, and applications are increasingly virtualised, organisations […]


Odek Technologies improves customer’s performance with Tintri VMstore

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Tintri VMstore Systems boost application performance, simplify IT management, and reduce storage footprint for large South African life insurance company. IT challenges Odek Technologies is an information and communication technology (ICT) company based in Johannesburg, South Africa. Odek provides private cloud and infrastructure management services to many successful enterprises, including a large life insurance company. […]


The changing landscape of digital insurance in Africa

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Even though digital is still to reach widespread adoption in Africa, it presents insurers with exciting new opportunities for business growth. Annalie Terblanche, Client Solutions Manager at SilverBridge, takes a closer look. While there is the temptation to believe that Africa is a digitally-led continent, the reality for insurers is quite different. Certainly, the adoption […]


Digital payment partnerships to drive Uganda’s financial inclusion

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Over half of Uganda’s adults are forced to keep their savings at home because of a lack of access to formal financial services. Not only is this not safe, but it slows the country’s growth as large numbers of citizens remain financially excluded from formal financial services. To combat this, Mastercard and FSD (Financial Sector […]


RedCloud Technologies recognised for enterprise software leadership

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Based on its recent analysis of the enterprise software for the financial services industry, Frost & Sullivan recognises RedCloud Technologies with the 2017 ‘Sub-Saharan African Visionary Innovation Leadership Award’ for its innovative RedCloud One – an end-to-end configurable platform that empowers companies to design and offer new services efficiently. Despite the regional growth for cloud […]


Gartner: banking and investment CIOs the most focused on digitalisation

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Banking and investment services CIOs are increasingly convinced that their old business models and existing value propositions will not be sustainable in the future, according to a survey from Gartner, Inc. Gartner’s 2018 CIO Agenda Survey gathered data from 3,160 CIO respondents in 98 countries and across major industries, including 354 banking and investment services […]


Leveraging cloud-based solutions for African insurance expansion

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With many insurers looking at business expansion into Africa, the opportunity exists to embrace cloud-based solutions more fully to deliver solutions for these new markets. Patrick Ashton, Managing Executive of Cirrus, a subsidiary of the SilverBridge Group, examines if this must be an all-or-nothing approach. “In recent years, much attention has been placed on embracing […]


VMware survey finds banking industry embracing emerging technology

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At Money 20/20, VMware, Inc., a global leader in cloud infrastructure and business mobility, shared results of a recent survey of banking professionals commissioned by VMware that explores how technology will shape the future of the banking industry. The survey revealed banks are laying the foundation for the digitisation of their businesses and anticipate emerging […]


Could the blockchain enforce PoPI in South Africa?

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Article by Vishal Barapatre – Chief Technical Officer at In2IT Technologies The Protection of Personal Information (PoPI) Act is looming on our horizon. South African organisations are busily preparing for it despite there still being much debate about what the real impact will be and whether or not it will be truly effective. However, one […]


ServiceNow survey shows CIOs delivering real value from machine learning

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A new survey from ServiceNow finds that machine learning has arrived in the enterprise, making material contributions to everyday work. To realise its full value, technology leaders must find skilled talent to work side-by-side with machines in addition to redesigning their organisations and processes. For The Global CIO Point of View, ServiceNow surveyed 500 CIOs […]


Gartner reveals top predictions for IT organisations and users in 2018

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Gartner, Inc. has revealed its top predictions for 2018 and beyond. Gartner’s top predictions will enable organisations to move beyond thinking about mere notions of technology adoption to focus on the issues that surround what it really means to be human in the digital world. “Technology-based innovation is arriving faster than most organisations can keep […]


Ecobank launches mVisa across 33 African countries

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Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers. The strategic tie-up signals interoperability on a cross-border level – and potentially huge gains – as it affords consumers with the ability to use their mobile phone to directly access the funds in their bank accounts to pay person-to-merchant (P2M) […]


RedCloud and KongaPay partner to bring Banking as a Platform to Nigeria

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RedCloud Technologies, the world’s first open banking platform, has announced a partnership with Nigeria’s KongaPay; the payment system which aims to facilitate the initiation and completion of transactions in a seamless manner to accelerate distributed banking through a new payment ecosystem that allows unbanked customers to pay online. Through the Banking as a Platform model, […]


Oracle NetSuite expands business operations in South Africa

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Oracle NetSuite, one of the world’s leading providers of cloud-based financials/ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, has announced the expansion of business operations in South Africa. With the support of Oracle’s global resources behind it, NetSuite has added a dedicated sales team and new leadership; new solution provider partners to […]


Gemalto helps banks simplify and streamline encryption operations

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Gemalto, the world leader in digital security, has announced the launch of the industry’s first payment hardware security module (HSM) to include partitioning as an advanced security feature. This new capability allows financial services organisations to simplify cryptographic operations by using a single HSM to support dozens of security applications and protect sensitive payment information […]


Sierra Leone transitioning as Africa’s first ever ‘smart country’

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Sierra Leone President, Dr Ernest Bai Koroma and RippleNami Inc., a blockchain systems solution provider, have announced a nationwide digitisation programme that will forever change Sierra Leone’s global digital standing. By leapfrogging legacy information communication technology (ICT) systems with RippleNami’s proprietary technology platform, Sierra Leone is poised to penetrate global markets, obtain economic independence, and […]


Youtap launches cloud-based mobile money payment processing platform

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Youtap has launched Youtap Cloud, a payment processing platform delivered as a cloud service for mobile money and payment providers in developing markets. Youtap Cloud enables real time transaction processing for contactless mobile money and bank wallet payments. It supports QR code payments, as well as NFC technology, including low-cost micro point-of-sale (POS) devices, companion […]


M2M key to unlocking economic inclusivity and innovation in Africa

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As more financial service providers adopt machine-to-machine (M2M) solutions, it is becoming evermore apparent that these solutions are vital to economic inclusivity and innovation on the African continent. This is according to Jeremy Potgieter, SADC Regional Head at Eseye, who notes that the financial sector has always been a front runner in technological advancements and […]


CaseWare Africa launches CloudTax – powerful new solution for tax practitioners

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CaseWare Africa, a division of Adapt IT, has launched CloudTax, a powerful new product aimed at small, medium and large tax practices. CloudTax provides tax practitioners with a central place to manage their entire practice which integrates seamlessly with SARS eFiling, says Katharine Janisch, Head of Sales and Marketing at CaseWare Africa. “Initially, we have […]


South Africans lead the way in mobile banking, Avaya survey reveals

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Consumers in South Africa prefer a digital-first approach to resolving their basic banking issues, only talking to a human being if they have to, according to a new survey from Avaya. Out of nine countries surveyed, South Africans were the most likely to say they preferred to use a mobile banking app to access their […]