On 13 July, the major banks’ shares dropped an average of 5% as a result of the country’s current unrest.
The new capital raise brings the total green or climate-related funding secured by the bank between 2019 and 2021 to approximately R8.6 billion.
First National Bank, the self-proclaimed ‘digital first’ bank, confirms plans to open an additional 50 new community branches by 2023.
The organisations partner to provide unemployed youth with free cloud computing skills development and job training through the AWS re/Start programme.
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 says as its user base grows, so does the range of products, service providers and functionality, to deliver an all-encompassing solution.
One of the challenges with crypto-currencies is that they are speculative and volatile, which may hinder their acceptance in mainstream markets.
The Sanlam Savings Jar app helps kids learn basic financial concepts, like planning, goal-setting, needs versus wants, appreciation of money and how to earn it.
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
While cryptos provided the volatility and excitement craved by traders before the pandemic, they appeared far too risky during current uncertainty, says Infinox.
Open platform momentum sees more fintechs able to access growing markets and reduce sales cycles.
The bank warns of a new fraud scam that tricks victims into relinquishing control of their devices so that fraudsters can steal money or sensitive information.
A list of some of the reasons why it would be best for everyone to jump on the fast-moving crypto market.
Insiders predict intra-African trade could rise 20% to 30% within the next five years with the use of digitisation and blockchain.