The bank may have tried to force out about 200 employees by refusing them bonuses or salary increases.
A report intimates banks need to capitalise on new sources of revenue born out of the digital age.
The Department of Science and Technology and Absa aim to bolster human capital development and technology in SA.
The app provides the bank's customers with a visually engaging, convenient way to track and analyse their finances.
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 company's intelligent sensory tags are able to provide sensory, location-based data in real-time.
The online financial services platform sees 40% month-on-month expansion after a slow start.
The Mint solution lets Sabric generate actionable and timeous reports that enable financial institutions to identify areas of vulnerability.
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 bank is undertaking an overhaul of its entire ATM network across the country to improve self-service features.
The bank responds to last week's Apple iPad 2 cost reduction with a 17% to 20% markdown on its discounted device promotion.
The bank intends to attract billions of pounds in funding for new renewables projects.
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
The bank will use IBM Watson to analyse customer needs and process vast amounts of data.
Mark Kacary will head the UK office of the mobile banking technology company.
The value of transactions processed online reached a record trillion rand last year.