The bank will now use BankservAfrica to clear cheques, which will help reduce fraud.
In this World Wide Wrap: Symantec intros de-duplication software, reserve bank told to simplify IT, and banks need to prioritise risk.
In this World Wide Wrap: Kenyan bank invests in e-payment, VeriFone buys out Way Systems, and India road tax goes online.
The 5.2GHz four-core 45nm processor is aimed at businesses tackling huge workloads, like banks and retailers.
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
In this World Wide Wrap: Bank takes app to iPhone, Android, high-performance banking tech completed and tech companies lobby for tax holiday.
In this World Wide Wrap: HSE pay system costly, businesses use online portals for HR, and Kenexa to acquire Salary.com
It would be depressing, but the attempts by banks and mobile operators to get mobile payments to take off in SA have been dismal to date.
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
Zurich Insurance was fined |--gbp--|2.3 million for a data breach stemming from its South African arm.
The Kenyan mobile banking system is now available in SA via Vodacom and Nedbank.
In this World Wide Wrap: Green IT revenue to rise, trial green tech programme disappoints, and Malay banks up green funding.
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
In this World Wide Wrap: Citi drives digital roll-out in Oz, mobile remote deposits gain steam, and China bars foreign security tech.
In this World Wide Wrap: Verizon opens green store, rental stores to use RFID, and Canadians up contactless payments.
Fingerprint sign-on is widely regarded as the next level in consumer protection, says Ideco.