Crime compliance has become a significant cost burden for most banks and financial institutions.
The new virtual card allows customers to create a digital card through the FNB app, and can be used at online and brick-and-mortar merchants.
CompariSure’s proprietary chatbot gains ground in signing up thousands of new customers and completing sales without human intervention.
The London Stock Exchange-listed Network International will acquire 100% of DPO Group, which will continue to operate under the same brand.
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 new kid on the banking block now has two million customers − a target reached five months ahead of the bank’s plans.
The solution supports mobile onboarding for new agents and allows setting up an unlimited hierarchy structure and flexible rules for commission sharing.
Nedbank is the latest bank to announce the phasing out of the once popular payment method, as customers go digital.
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 agency’s switch to an updated database sees an additional one million applicants approved for the R350 social relief grant.
The bank says its customers have been cashing in on eBucks rewards, with most spending channelled towards essential goods.
The Series A equity round of funding was led by 100x Ventures, with participation from 4Di Capital and continued support from Michael Jordaan and Bittrex.
The telco says it is ready to launch mobile solutions for consumers and merchants through a partnership with the global Chinese company.
The black-owned fintech firm offers free personal and business accounts that allow users to build an online store to sell their products and services.