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Banking & Finance

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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 […]