The group initiates an exit of Syria, abandoning its operations, as regulatory actions and demands make operating in the market untenable, says CEO Ralph Mupita.
The future of banking is driven by consumer expectations, new business models and technology advancements.
The financial services provider now has 2.53 million digitally-active customers in SA, an increase of 27% year-on-year from 1.85 million in the first half of 2020.
The bank’s customers can now purchase an array of smart devices from the FNB Connect shop via the FNB app.
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 will employ an additional 300 engineering, data, quant and technology specialists.
After being forced to push out its public launch on numerous occasions, SA’s latest digital-only bank opens to the public, offering a list of zero-fee services.
African Rainbow Energy will cover 31 renewable assets, making it one of the largest independently-owned energy businesses in SA.
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
Minister Lindiwe Zulu confirms the South African Social Security Agency will open online applications for government’s special COVID-19 grant on 6 August.
Artificial intelligence can oppose and defeat application fraud by detecting illicit activity early in the process, says Winjit.
First National Bank joins its counterparts by rolling out Apple Pay for its customers amid increased adoption of contactless payments.
The big-four bank’s Avo marketplace will offer new propositions, such as vehicle shopping, business-to-business and healthcare solutions.
Payabill enhances its trade finance offering, providing international working capital solutions to local SMEs to grow their businesses.