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Banking & Finance

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 […]


Smart banking = happy customer

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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 […]


RippleNami, Inc. announces partnership to accelerate the use of blockchain in West Africa

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RippleNami, Inc., provider of the only blockchain map-based data visualisation platform, announces a partnership with Data Edge Revenue, a Sierra Leone-based systems integration company focused on advancing digitisation in West Africa. The partnership provides blockchain-based solutions to help public and private players deliver economic opportunities, critical services and resources to improve the lives of the […]


Co-creation helps Swazi Bank go digital

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Article by Kathy Gibson at Fujitsu World Tour, Bryanston, Johannesburg Swazi Bank was given a mandate to transform to a digital, online banking experience – and it has exceeded that expectation. Paul Wasswa, CIO of Swazi Bank, explains that when he joined the bank, availability was bad, staff were unproductive and customers were unhappy. He […]


Engagement vital to digital transformation

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Organisations are urged to embrace digital transformation to remain competitive. Jonathan Jardim, Software Developer at SilverBridge Holdings, believes that while technology forms an important part of this process, the human element should not be forgotten. “We are living in a connected world where companies are competing against global organisations. Customers are also more technology literate […]


Financial sector needs to address growing eWaste problem

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The global eWaste management market is expected to grow to $49.4-billion by 2020, it is one of the fastest growing waste streams with the reduced life span of electrical, electronic and consumer electronic devices. Research shows that the generation of eWaste is the highest in the IT sector followed by the banking, financial services, and […]


Cybersecurity and the future model – implications of the fourth Industrial Revolution

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Industry leaders presented a wide range of topics and case studies at the Cyber Security in Banking Conference recently, highlighting the latest trends and development in cybersecurity. The event offered a comprehensive and multi-faceted agenda relevant to all banking and financial services professionals in the cybersecurity industry. Local cloud specialist, One Channel, addressed delegates at […]


Lending potential in Africa

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Kenya and South Africa are leading the peer-to-peer (P2P) business lending market in Africa. However, 90% of online alternative finance originated from platforms headquartered outside of Africa, evidencing the potential for home-grown platforms. This is according to the recently published ‘Africa and Middle East Alternative Finance Benchmarking Report‘, the first comprehensive study of the size […]


The lynchpin for success in the mobile banking wars

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Article by Hemkumar Balaraman, Project Manager at Africa, Wipro Limited Recent years have seen South African banks compete in a key battleground: the mighty mobile app. Each bank is positioning mobile in slightly different way – with some emphasising contactless mobile payments, another highlighting bot-like automation and machine learning, others focusing on simplicity, or intuitive […]


Africa’s entry into Big Data and analytics

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The African market is witnessing a maturation of data analytics into an independent, intuitive technology. It is becoming integral to the way people work, moving away from the predominant use by only a select few, towards a tool that is utilised across the entire organisation. According to Jane Thomson, Managing Director at Softworx, in 2017, […]


TerraPay and Instant Cash launch global cross-border money transfers to mobile wallets

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TerraPay, the world’s first mobile payments switch and Instant Cash, one of the fastest-growing money transfer companies in the world, have teamed up to enable real-time cross-border money transfers to mobile wallets. Powered by TerraPay’s global clearing and settlement service for mobile wallets, the partnership will make cross-border money transfer faster and convenient for the […]


Mastercard invested in building a cashless Ghana

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With aspirations of becoming an African economic powerhouse, Ghana is partnering with organisations such as Mastercard to smartly integrate technology into all aspects of the economy – building for the future, a cashless Ghana. The Ghanaian Investment Summit will focus much attention on key areas including financial inclusion, meaningful innovation and the importance of sectors […]


Datacentrix supplies HPE NonStop solution through channel; increases local skills demand

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Datacentrix, a provider of high-performing and secure ICT solutions, has achieved a global milestone by providing BankservAfrica, an automated clearing-house located in Johannesburg, with the Hewlett Packard Enterprise (HPE) NonStop solution, making Datacentrix the first channel supplier of HPE NonStop locally. Factors that influenced the decision involved the non-negotiable requirements for always-available transactions and the […]


Cloud – data compliance and security

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When it comes to the adoption of public cloud computing, concerns often remain focused on privacy and data security. In a heavily regulated environment like financial services, this is often magnified and perceived issues often become an inhibitor for business acceptance, says Patrick Ashton, Managing Executive of Cirrus Managed Services, a subsidiary of SilverBridge Holdings. […]


Time is money: A10 Networks introduces low-latency solution for financial applications

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A10 Networks, a Secure Application Services™ company, has broadened its Thunder Series™ portfolio of hardware appliances with a solution, Thunder 3745 Application Delivery Controller (ADC), that helps latency-sensitive financial institutions. Financial institutions have specific application delivery needs, especially those that deal in latency-sensitive transactions and high-frequency trading (HFT), where time truly is money and any […]


Blockchain’s powers go way beyond Africa’s wheel of finance

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Blockchain, the digital ledger that underpins cryptocurrency bitcoin, is a software platform for digital assets; a clever piece of distributed database technology, which is waging a silent revolution that could take it way beyond its financial roots to radically change the way our society works. “Where blockchain technology is concerned, it has the potential to […]


PayU Nigeria introduces a convenient payment solution for recurring bills

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PayU Nigeria introduces PayU Subscription, a convenient payment method which allows merchants to safely and securely collect payments from consumers who have recurring bills or subscription payments in a seamless way. Country Manager of PayU Nigeria, Juliet Nwanguma said: “PayU Subscription is an innovative product for businesses who are looking to offer subscription and recurring […]


Commercial Bank of Ethiopia turns to NCR to expand ATM network

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NCR Corporation, a global leader in omni-channel solutions, has announced that Commercial Bank of Ethiopia (CBE), the largest bank in the country, is expanding its ATM network with the addition of 200 new NCR SelfServ™ ATMs together with NCR APTRA™ Vision, a multi-vendor ATM management system that offers an accurate view of the banks entire […]