SIM swopping enables fraudsters to receive one-time passwords that banks send to online clients to carry out e-banking transactions.
The group will streamline back-office operations with Asset Arena from SunGard.
In this World Wide Wrap: Tech makes fraud easy, bank acknowledges tech fellows, and BOC strengthens security.
Fundamo and Accenture sign a deal to promote mobile wallets across the world.
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 aims to support its increased operations in the East Africa region.
The company delivered a full Credit Life Cycle HealthCheck for the Zambia National Commercial Bank.
In this World Wide Wrap: Silentbanker lurks on sites, cellular phones become credit cards, African banks discuss tech, Standard Bank signs with IBM, and Misys enters China.
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
As the workforce calls for more collaboration, file-sharing and mobility, employees are putting companies at risk.
Aitec Africa will host a banking technology conference in February, in Kenya.
The company has issued five security predictions for 2008.
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 will develop application scorecards for the Commercial Bank of Dubai.
In this World Wide Wrap: Corporation Bank honoured for tech, IBK orders DisplayCards, and RBI charges banks.
Self-service, like the mobile phone or e-mail, is a convenience that consumers can't do without, says Consology.