South Africa’s latest digital-only bank confirms it will be open to the public before the end of the year, with financial backing from seven investors.
The big four bank is aggressively pursuing the digital insurance space, which has been shaken up by the emerging insurtech start-up companies.
SA’s new digital-only banking platform, Bettr, has gained a community of over 6 500 users, as it prepares to launch publicly next year.
As CIO for WesBank Motor, Gudani Mukatuni sees her pivotal role as a catalyst to drive business growth through technology and digitisation.
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 funding from the Dutch Development Bank is the next step in Sasfin’s digital business banking evolution and will be launched in 2021.
The new NuPay EMV NuCard will provide cardholders with a more secure way of making payments.
The bank sees an increase in consumers who opt for life insurance via digital platforms, amid the COVID-19 pandemic.
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
Businesses are confined to operating within a box of limitations where banks are empowered to be the sole gatekeepers of the payment process, says Craig Duggan, head of commercial at Transaction Junction.
The payments tech company unveils the Fintech Express, which aims to facilitate the launch and expansion of fintech firms in the MEA region.
The democratisation of payments through the tech innovation of buy now, pay later enables more consumers to choose interest-free financing for their shopping.
The mobile operator is adding more functionality to its Mobile Money platform, which has struggled to gain traction in South Africa.
Victor Ndlovu and Paul Opie have joined Ukheshe Africa.