The company, previously known as Virgin Money, today released the new version of its Spot app.
The digital-only newcomer delays its public launch and opts to run a “closed rollout” as a risk mitigation measure, amid the COVID-19 upheaval.
The cloud accounting platform and Nedbank partner to provide SMEs with access to their financial data through a fully-digital API-enabled bank feed.
The Mastercard Economics Institute says the opportunity for fintech disruption is high in Africa, with digitisation enabling financial inclusion in emerging markets.
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 bank’s investigations reveal the former employee sold customer data to third-parties, in a data leak that affected over 209 000 customers.
By combining the strengths of the two companies, Fincheck says it will provide a comprehensive financial picture of each applicant.
Using deep linking, AppsFlyer points out it will enhance user engagement in the Nedbank Money app, Money App Lite and Avo by Nedbank app.
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
AI can lead to higher automation and, when deployed after controlling for risks, can often improve human decision-making, says Stu Chalmers, Winjit associate VP for Sales and Business Development in SA.
Almost every sphere of banking and financial services is being transformed by new, digital ecosystems, says Andy Jury, CEO of Mukuru.
The telco says it continues to provide innovative solutions for people to stay in touch with loved ones across the globe.
While Rain experienced faced certain ‘customer service challenges’ during the period, TymeBabk is tracking slightly behind its projections to attract clients.
The digital-only bank appoints Hylton Kallner to replace Barry Hore, at a time the digital bank has completed its build and migration phase.