Withdrawals resume in phases after the $6.3 billion theft, replacing 95% of the stolen assets with company funds.
The company reports a 13% increase in operating profit from continuing operations to R622 million for the six months to 31 August.
AI agents need clear ownership, cost controls and governance before organisations scale them, says Mint Group.
Binance suspends deposits and withdrawals after hackers targeted its wallets across 10 blockchains in a record-breaking crypto-currency heist.
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
Local shoppers now have more ways to pay, which means retailers have a whole new ballgame to play on Black Friday and Cyber Monday.
The enhancements help merchants and payment service providers to reduce avoidable checkout disruptions for their customers.
The digital bank expects to become South Africa’s third-largest bank by monthly active users, as it expands its lending services and mall-based hubs.
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
Speed, security and traceability have become non-negotiable in today's payment landscape, says Vaughn Hechter, head: customer services at Altron FinTech.
The big-four bank says it has remedied its POPIA compliance shortcomings and no customers suffered financial harm.
A new study finds digital fraud touched 85% of South Africans in the past year, losing money at three times the rate of UK consumers.
Almost nine in 10 OneDayOnly respondents report saving harder than ever and 80% intentionally wait for promotions before they spend.
Banks and insurers moved customer correspondence to e-mail faster than they moved the governance behind it, says Rein van der Horst, CEO of DocFusion