The egos among the institutions block them from forging mobile financial services partnerships, says FNB.
Banking is the second most popular category in the usage of mobile technology, according to the Oxygen8 report based on the Mastering Multichannel Journeys survey.
For banks to be more competitive, they must be innovative, agile and embrace new technology in the same way as tech companies.
MasterCard's digital wallet service allows shoppers to digitally pay for parking at Durban's Pavilion mall.
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
These are aimed at taking boosting customer service and enriching clients' experiences through better technology availability.
A component due to be replaced this weekend caused the lengthy disruption, the bank says.
Standard Bank says it is experiencing problems with Internet banking and its mobile 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
The success follows a long journey of almost three years, culminating in the release of new products to Nedbank's corporate and business banking clients.
The big four bank has all its channels up and running again after a network connectivity problem was resolved.
The big four bank is experiencing problems with its network communication channels.
Changes to the law around money transfers will come into effect next month.
Other operators besides Cell C may start looking to board the MVNO bus as revenue incentive grows.