The bank’s customers have on average logged-in 29 times per month on the FNB app, increasing total average monthly logins by 41%.
The big-four bank suffers technical issues, which caused duplicate transactions to go off customers’ bank accounts.
COVID-19 will accelerate the use of voice biometrics to improve security, particularly in the contact centre and financial services sectors, says Forrester.
The VodaTrade digital platform enables SMEs to transact with large organisations, receive orders and issue invoices, without worrying about backend challenges.
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
There is light at the end of the debit order tunnel in the form of technology that permits account-holders to authorise debit orders ahead of time, says Vaughn Hechter, client services head at NuPay.
The bank integrates QR code technology into its Money App to enable customers to make contactless withdrawals at ATMs around SA.
The digital payment service allows local businesses to accept contactless payments on any NFC-enabled Android device with no need for additional hardware.
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
DebiCheck is a new payment platform that has been created to combat fraud in regard to consumer accounts.
The mobile operator sees an increased uptake in its fintech business, which includes MoMo, insurance, airtime lending and e-commerce.
The start-up company says this is the largest investment to date in a pure-play African fintech infrastructure firm.
The digital bank says it is managing the growing customer and transactional volumes well and proved stable over the 2020 year-end period.
After securing a R1.6 billion funding deal, the digital bank is on a business development drive to introduce insurance and credit offerings.