The reserve bank’s Prudential Authority issues a guidance notice to the big banks to start working with crypto players.
Using its decentralised financial markets platform, Mesh.Trade aims to disrupt the traditional finance landscape.
The embattled VBS Mutual Bank’s bid to recover monies it loaned to a liquidated set-top box supplier hits a brick wall.
The bank counts a total of 2.8 million digitally-active clients in the first half of 2022, as digital financial channels boom.
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
The global crypto exchange appoints ex-HSBC SA global banking head Hannes Wessels to lead its local operations.
The big-four bank plans to fund South Africa’s flourishing renewable energy projects amid Eskom blackouts.
In the first half of the year, the telco counted 60.7 million Mobile Money users, who generated six billion transactions worth R1.8 trillion.
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
Revenue was up 31% and profit increased 113%, reflecting strong trading and strategic delivery.
The bank’s technology strategy reaches 89% completion, enabling double-digit growth in client digital metrics.
Nearly a quarter of surveyed South African adults expect to bank with a digital-only bank by 2023.
The bank’s downtime across all its digital banking channels enters day two, with its branches all being offline.
Scores of angry customers took to Twitter after the bank’s digital platforms were hit by downtime today.