The initiative will equip more than 1 500 staff across the bank’s African operations with advanced cloud computing skills this year.
The companies extend their long-standing partnership to boost digital payments and advance financial inclusion across the Middle East and Africa.
Effective today, the celebrated businessman is chairperson of Discovery Bank, replacing Adrian Gore, who remains a director of the bank.
The branchless bank bills itself among the world’s fastest-growing digital banks, on-boarding between 3 000 and 5 000 new customers daily.
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 latest acquisitions and partnerships by payment intermediaries and banks are leading to the rise of pay-as-a-service platforms, says PwC.
Absa, Discovery Bank and Nedbank clients are the first to get the digital wallet service in the country.
The financial services company announces the first transactions settled in USD Coin, a regulated stablecoin backed by the US dollar.
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 financial institution shut down over 5 000 illicit Web sites and blocked millions of spoofed e-mails from fraudsters who impersonated it to defraud customers.
The bank’s custom-built IT platform enables customers to access services and switch seamlessly across complementary channels.
For the first time, more than $1 billion was sent and received in the form of remittances globally every month via mobile money, says the GSM Association.
The big-four bank receives a $200 million loan from the International Finance Corporation to drive renewable energy projects in South Africa.
The big-four bank acquires local fintech company Selpal, as it looks to accelerate financial inclusion in SA.