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IT in Banking
2:20

UPDATE: Standard Bank begins refunding customers after tech glitch

The big-four bank starts to reverse the double transactions from its customers’ bank accounts. 

3:40
Yesterday

FNB snaps up record 6m digitally-active users

The bank’s customers have on average logged-in 29 times per month on the FNB app, increasing total average monthly logins by 41%.

2:10

Standard Bank tech glitches result in double deductions

The big-four bank suffers technical issues, which caused duplicate transactions to go off customers’ bank accounts.

3:20

Pandemic to speed up adoption of voice biometrics

COVID-19 will accelerate the use of voice biometrics to improve security, particularly in the contact centre and financial services sectors, says Forrester.

6:20
Wednesday

Debit order evolution

There is light at the end of the debit order tunnel in the form of technology that permits account-holders to authorise debit orders ahead of time, says Vaughn Hechter, client services head at NuPay.

1:30
Tuesday

Nedbank app enables contactless ATM cash withdrawals

The bank integrates QR code technology into its Money App to enable customers to make contactless withdrawals at ATMs around SA.

2:40
Tuesday

Visa’s ‘tap to phone’ makes its South African debut

The digital payment service allows local businesses to accept contactless payments on any NFC-enabled Android device with no need for additional hardware.

3:00

DebiCheck – the future of debit orders

DebiCheck is a new payment platform that has been created to combat fraud in regard to consumer accounts.

2:10
26 Feb

Local start-up Stitch raises R60m funding

The start-up company says this is the largest investment to date in a pure-play African fintech infrastructure firm.

2:20

Discovery Bank clocks over 540K accounts

The digital bank says it is managing the growing customer and transactional volumes well and proved stable over the 2020 year-end period.

3:20

TymeBank to provide ‘buy now, pay later’ credit offerings

After securing a R1.6 billion funding deal, the digital bank is on a business development drive to introduce insurance and credit offerings.

4:20

Standard Bank joins distributed ledger tech network

The bank establishes Africa’s first Hedera network node, which is set to soothe some of the sore points that have historically beset cross-border trade.