The bank has over 42% of all cellphone banking customers in SA, says the Reserve Bank industry report.
The company has revealed that an Australian financial institution will deploy its software.
The platform is aimed at customers who use cash, cheques and debit cards, rather than traditional credit card users.
The company was featured in a 'Banker's Guide to Credit, Market and Operational Risk Management Software Functionality'.
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
Consumers put their personal information in the hands of strangers when they sell used phones without deleting data.
The company was named a market leader in Ovum's Solution Guide to Credit Risk Management in Banking.
A technical problem hits Absa fuel cards, leaving many companies with large, nationwide vehicle fleets unable to process fuel transactions.
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
In excess of 75% of respondents are still getting their bills and statements in the physical mail, says Garin Toren, COO of Striata.
A lack of product differentiation forces banks to focus on cost efficiency gains, says Compass Management Consulting.
The Pro Solutions option uses components that perform specific functions to ensure a reliable flow of information.
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 company was awarded the national contract for all of African Bank Investment's printed statements.
There are efforts to finalise third-party mobile banking regulations to facilitate cellular banking in the country.
A slowdown in sales in the public and financial sectors hampers revenue growth at the company's largest unit.