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Banking & Finance

Industry experts comment on Collection #1 data breach

Industry experts have been providing comments on the Collection #1 data breach – the largest ever database of breached login details leaked on the Dark Web. Details of the breach were outlined by cybersecurity expert Troy Hunt, a Microsoft Regional Director, in his blog. Collection #1 is a set of email addresses and passwordsmade up of a […]


Fintech start-up SOL Wallet announces its launch in South Africa

Fintech start-up SOL Wallet has announced its launch in South Africa. The company develops a bank-like money management platform for retail customers, where anyone can deposit, save, invest, make payments and manage their expenses via mobile and web apps. SOL Wallet allows users to register and create multi-currency accounts online, buy and sell currencies at interbank rates, […]


Over half of SA shoppers have had their financial credentials compromised

The time of unrestrained shopping has already begun, thanks to Black Friday in November. This is swiftly followed by Christmas and New Year gift giving, and then the January sales. But Kaspersky Lab is warning shoppers that cybercriminals targeting banking credentials or online shopping accounts could hit the jackpot this holiday season. As revealed in Kaspersky […]


Social media companies believed to be vulnerable for exposing data

A majority of consumers are willing to walk away from businesses entirely if they suffer a data breach, with retailers most at risk, according research from Gemalto. Two-thirds (66%) are unlikely to shop or do business with an organisation that experiences a breach where their financial and sensitive information is stolen. Retailers (62%), banks (59%), […]


Veeam expert on FinTech sector embracing hyper-availability

Thought leadership piece from Kate Mollett, Veeam Regional Manager for Africa South. Over the past two years, FinTech startups in Africa have enjoyed unprecedented investments. However, just as the Dot Com Bubble has shown, real business value must be delivered to meet stakeholder expectations. This is where the importance of combining intelligent data management with […]


PPS leading the pack through Enterprise Architecture as a Service

Knotion has supported the implementation of an Enterprise Architecture solution to ensure financial services company PPS achieves its 2020 vision. In the modern world, the journey to Digital Transformation is both exciting and daunting. Astute businesses are forming smart Information Technology (IT) strategies to drive better operations and greater customer experience. For PPS, it became […]


Leveraging intelligent tech to help Kenya government connect better

Robin Njiru, Director: General Business at SAP East Africa, looks at how leveraging intelligent technologies to help the Kenyan Government connect better with citizens and build intelligent public-sector enterprises. Public sector companies are not immune to the forces that are reshaping organisations and industry sectors around the world. These exponential forces put pressure on public […]


IRESS launches next-gen client portal to meet client servicing needs

Financial technology business IRESS has announced the launch of its next-generation client portal with a clear focus on engagement. Client portals are becoming increasingly vital to financial services businesses as they seek to improve their service by offering their clients more personalised and convenient self-service access. In collaboration with its clients, which include financial advisers, […]


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 […]