Among the highlights for 2021, the exchanges say this year, cryptos became a multi-trillion-dollar asset as institutional investors increasingly embraced them.
Conversational AI is increasingly being used in the financial sector to improve efficiency in contact centres as well as to protect customers and agents from falling victim to fraud.
The capital raised will fund and grow TymeBank in SA and also fund GOTyme in the Philippines, where it has secured a digital bank licence.
Local fintech firm Tutuka and Paymentology merge to establish a global payments and cards processor, spanning 49 countries and five continents.
NSFAS fintech partners to challenge contract cancellations
In this week's tech news roundup, Fintech partners contracted to disburse monthly allowances to NSFAS-funded tertiary students have challenged the allegations levelled against them, saying they are considering legal action. eZaga and Tenet Technology have denied the allegations made against them and claim to not have received the full report in which these were made Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #sita #nsfas https://www.itweb.co.za/content/DZQ58MV8yPAvzXy2 https://www.itweb.co.za/content/rxP3jqBEax8MA2ye https://www.itweb.co.za/content/xnklOvz1dnYq4Ymz https://www.itweb.co.za/content/dgp45vaBPVJ7X9l8 https://www.itweb.co.za/content/P3gQ2qGAPrg7nRD1
Almost 8% of analysed financial transactions conducted during the Black Friday/Cyber Monday period were potentially fraudulent, says TransUnion.
Tech and innovation are the cornerstone of success at Ithuba, says CEO Charmaine Mabuza, one of the most influential women in the global gaming industry.
Crucial skills that will create the bank of the future are those focused on shaping marketplace banking models for digital citizens.
Huawei Cloud drives African FinTech innovation
Mark Wang, Solution Architect at Huawei Cloud Southern Africa, spoke to ITWeb about Huawei being a strategic partner in the banking sector. He also addressed challenges for banks in SA and potential growth in the payment ecosystem for customers. #huaweicloud #fintech #digitalbanking
The company changes its name, as it looks to expand beyond its payment business and into new technologies like blockchain.
While more South Africans took to online shopping this Black Friday/Cyber Monday, consumer spending reflected the current economic downturn.
The deal is aimed at bringing about a step-change in servicing individual and business-banking customers, says the bank.
Most South African banks struggle to swiftly respond to customer service requests online, posing reputational and regulatory risks, says BrandsEye.
The investment comes as consumer interest in new payment options is at an all-time high, says Adumo CEO Paul Kent.