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Banking & Finance

Mimecast helps African Bank to manage its cyber-resilience

Innovative retail banking brand turned to Mimecast targeted threat protection for advanced, easy-to-deploy protection against spear phishing and ransomware attacks. African Bank’s mission is to be a retail bank offering a wide range of products and services that enable consumers across South Africa to borrow, save and insure. Guided by its mission to offer more […]

Impact of cryptocurrencies on financial services and security

No one really knows what the future holds, especially when it comes to threatening or enhancing security around current financial services systems. OneChannel CEO Bernard Ford will be presenting a paper, entitled Impact of Cryptocurrencies on Financial Services and Security at the upcoming Digitisation & Cyber Security Conference 2018 taking place at the Indaba Hotel, […]

CaseWare Africa launches template for modified cash standard

CaseWare Africa, a division of AdaptIT, has launched a template for the modified cash standard. It was developed by the Office of the Auditor General in National Treasury to mandate the principles by which national and provincial departments should present their financial accounts. “The key benefit of CaseWare’s templates is that they automate the onerous […]

Entersekt launches digital payments enablement product

Entersekt, an innovator in mobile-first FinTech solutions, this week launched Connekt, a digital commerce enablement product. The company, known for its mobile app security and authentication technology, is offering Connekt to financial services providers to help them adapt to changing market conditions. Tech giants and a host of start-ups have come to dominate digital payments, […]

Financial institutions in Rwanda urged to embrace new technology

Speakers at the International Conference on Responsible and Inclusive Finance (ICRIF) held in Kigali urged Rwandan microfinance institutions (MFIs) to embrace new-age technology to streamline their operations and to enhance their ability to extend financial inclusion among the country’s unbanked and underbanked population. Straton Habyalimana, Senior Programme manager for responsible financing at the Small Enterprise […]

Temenos welcome financial leaders at Bank to the Future forum

Temenos, a software specialist for banking and finance, welcomed the leaders that are driving real change across the industry in Africa at the Bank of the Future forum. The event took place at the Sofitel Hotel Ivoire in Abidjan, Ivory Coast and focused on software solutions for the digital future of financial services. According to […]

Prioritise keeping your bitcoin safe, secure and available

South African cryptocurrency exchanges are on the increase promising favourable rates and other value-added services to those looking to venture into these digital assets. Claude Schuck, Regional Manager for Africa at Veeam, says we need to carefully consider the impact that cryptocurrencies will have on availability strategies. When I was a child, the prospect of […]

Holborn Assets opens new office in Johannesburg, South Africa

Holborn Assets has opened an office in Johannesburg and recruited an eight-strong team of specialist advisers as it continues a major global strategic expansion during 2018. The new office is led by Lourens Reichert, who will focus on providing specialist financial planning strategies and solutions to high net worth South African residents who hold assets overseas […]

CR2 awarded contract to provide digital banking suite in 12 African countries

Banking group ORABANK has selected CR2 to deliver a digital banking suite in 12 African countries. Following a comprehensive search of the market, the Togo-based bank, which operates in West and Central Africa, awarded the contract to the leading banking software innovator because it is seen as the ideal partner to expand its channel offering […]

How data can unlock opportunities in Africa’s financial services industry

While data is an indispensable part of the business environment, many organisations are still not harnessing its potential. Kelly Preston, Data Analytics Manager at SilverBridge, a provider of insurance software solutions in the African financial services industry, believes that data-driven services will empower insurers to address customer needs more effectively. According to a McKinsey article […]

Ecobank wins awards for operations in five African countries

Ecobank, a leading pan-African banking group, has won ‘Bank of the Year’ awards in five of its countries of operation. Ecobank scored the five-trophy haul at The Banker Awards, held in London with the honours going to teams in Cameroon, Guinea Conakry, Gambia, Togo and Uganda. Judges said  teams from the winning countries had made […]

Standard Chartered Bank and Ant Financial sign MOU

Standard Chartered Bank (SCB), a leading international banking group with a strong presence in Africa, and Ant Financial Services, one of the world’s leading digital financial services providers, have announced the signing of a Memorandum of Understanding (MOU). Under its terms SCB will combine its banking expertise and insights in emerging markets such as Africa […]

Egyptian bank wins 12 international renowned awards in 2017

Commercial International Bank-Egypt (CIB) received 12 international awards in 2017, in recognition of its outstanding innovative performance. After positioning itself as a local bank with global standards, CIB-Egypt is now competing at a regional and international level. CIB-Egypt was named the ‘World’s Best Bank in the Emerging Markets’ by Euromoney; the first bank in the […]

The IDC sees over 400% data centre performance boost with Datacentrix

The Industrial Development Corporation (IDC) has seen a more than 400% performance improvement within its SAP environment, as well as a marked boost in agility, following the deployment of new data centre infrastructure by Datacentrix, a provider of high performing and secure ICT solutions. Established in 1940, the IDC is a national development finance institution, […]

Huawei and Xpress Money to grow mobile money footprint in Africa

Xpress Money, one of the world’s most dependable money transfer brands, has joined forces with ICT company Huawei to drive mobile money services to more of the worlds unbanked, especially in Africa. The partnership will give the globally respected remittance firm access to Huawei’s mobile money service platform, which has over 100 million mobile money […]

Increasing regulations see a shift in data analytics

An increasingly complex regulatory environment is putting the spotlight on organisations to be compliant. Kelly Preston, Data Analytics Manager, and Angelique Strumpher, Administration Manager for Business Process Outsourcing at SilverBridge, explore how this impacts on the data analytic capabilities of a business. In South Africa, the Protection of Personal Information Act (POPI) – promulgated on […]

Five ways for finance professionals to seize the technology opportunity

African finance professionals must not miss the golden opportunity technology offers to enhance their ability to compete successfully in the continent’s growing business sector, says Theuns Holtshousen, Divisional Business Leader, CaseWare Africa. “As Africans we are using technology freely in our private lives, but as finance professionals, we are not yet capitalising on the opportunities […]

Success story for South African fintech company, Entersekt

A combination of innovation, talent and investor-savvy has propelled a Stellenbosch tech firm to the forefront of the international mobile security and authentication industry. Entersekt protects digital service providers and their customers from digital banking and payments fraud, particularly when transactions take place on mobile devices. Smartphones are emerging as the primary platform for conducting […]

SaaS set to transform the insurance industry

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

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. […]