22seven's financial aggregating partner, Yodlee, confirms Absa has been blocking it since 22seven's launch last Thursday.
First National Bank is set to remove a step in the online banking login process, but says security will “stay the same”.
The sector is typified by expensive duplication of ATM and point-of-sale infrastructure, says Paynet Group.
SA's “big four” banks speak out unanimously against the notion of a third-party financial management site.
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
McHenry Savings Bank has upped its network performance by using an accelerated WAN which simultaneously cut costs.
The broad-based empowerment deal is worth about R629 million.
The contract is one of the largest awarded in the insurance sector in SA.
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
Banks should create a customised online banking experience in order to retain customers, says Logikal.
First National Bank's app has taken off rapidly since it was introduced six months ago, and plans for improvement are afoot.
The Wells Fargo Mobile banking app for Android is available for download from the Amazon Appstore.
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
Brainstorm editor Samantha Perry interviewed SAPO CIO Justin White, who is tasked with turning the Postbank into a fully-fledged retail bank.
BBVA has adopted the cloud-based productivity and collaboration suite to increase operational efficiency and innovation.
Landesbank Berlin will pilot a project to provide contactless iPhone payments via Visa payWave.