An online biometric system has already uncovered seven fraudulent attempts to open bank accounts at Absa.
The bank beefs up its payment offering and predicts mainstream use of smartphones to make payments in the future.
The National Bank of Kenya selects Misys' BankFusion Universal Banking solution to improve efficiencies and reduce its cost/income ratio.
The new app lets users search for a branch or ATM, contact customer support and services, using iPads.
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
Using Trustlink Paylink, organisations need a single password and account to handle transactions across various banks.
As technology changes the face of money changing, banks strive to cater for all income brackets.
The app stands to reduce customers' reliance on traditional payment methods and simplify the process for making payments.
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
Allahabad Bank's tie-up with Aditya Birla Money offers customers the convenience of investing in various financial products online.
Leading banks are starting to pay attention to technology that would help them modernise business-critical applications, says MigrationWare.
Transfer allows customers to open bank accounts, transfer money, withdraw cash from ATMs and pay bills via cellphones.
The future of banking in Africa
MTN and Huawei, in partnership with Brainstorm magazine, held an executive roundtable on 11 May for industry insiders from the financial sector to discuss emerging technologies and digitisation in the banking space. #mtn #huawei #fintech
RBC Mobile allows clients to check their account balance, transfer money between accounts, pay bills and more.
The Indian bank uses the Cordys Business Operation Platform to reduce operational costs and improve customer service.
Entersect Technologies has developed an Interactive Transaction Authentication two-factor system for online banking.