CWG's roll-out of Entersekt technology in Nigeria begins with Transakt, an app-based mobile identity and authentication product.
The two companies plan to meet the evolving digital needs of the banking industry with an emphasis on addressing modern technology challenges.
First National Bank sees a significant increase in the number of 31- to 33-year-olds taking out life policies via digital channels.
Mobile banking Trojans increased three-fold between Q1 and Q2 2018, says Kaspersky Lab.
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 adds a virtual card and Samsung Pay, which enables tap-to-pay, to its digital payments ecosystem.
The bank introduces a tap-and-go payment feature, which allows customers to make payments using their Fitbit and Garmin wearables.
The bank now allows account holders to use ChatBanking to complete financial transactions without exiting the messaging app.
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
Nedbank has encountered many unexpected technical glitches since launching SA's first humanoid robot, Pepper, in March.
The bank now let users pay via its Money app at retailers that accept Snapscan, Zapper, or MasterPass, without having to download separate apps.
BBD implemented a new Java development framework for one of its clients in the banking sector.
South Africans who bank with Absa will be among the first people to try out Samsung's mobile payment and digital wallet service.
The deal supports PayU's expansion into high growth markets and targets the $994 billion opportunity in cross-border payments.