IT in Banking

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IT in Banking

6 hours ago

FNB CEO hints at reconsidering crypto-currencies

One year after closing down crypto-currency-backed accounts, FNB CEO Jacques Celliers says the bank is open to embracing crypto assets like Bitcoin.

Yesterday

UPDATE: Standard Bank begins refunding customers after tech glitch

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

Simnikiwe Mzekandaba

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%.

Yesterday

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.

Voice biometrics

Wednesday

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.

Sibahle Malinga

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.

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.

Sibahle Malinga

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.

Tuesday

DebiCheck – the future of debit orders

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

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.

25 Feb

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.

Samuel Mungadze

25 Feb

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.

Sibahle Malinga

25 Feb

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.