In this week`s IT in banking World Wide Wrap: a bank takes an unusual step to prevent theft through spyware; the poor printing of new PIN codes raises security concerns; and banks rush to offer online accounts.
Eleven suspects have been arrested in connection with a card-skimming scam run from an Internet caf'e in Malvern.
IT remains South African banks` biggest focus as they prepare to comply with the second Basel Capital Accord (Basel II), according to a study by Ernst & Young.
In this week`s IT in banking WorldWideWrap: bank hit by criminal cash scam; Foreign Trade Bank of Russia increases IT budget by 30%; and India`s Yes Bank introduces single PIN.
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
Absa has extended its consulting relationship with PIC Solutions, signing an enhanced RiskMentor consulting contract.
Criminals continue to take advantage of convenient technology like ATMs to commit fraudulent activities, says FNB.
Freeing up access to the submarine fibre-optic cable around Africa would boost e-commerce and Internet banking in SA, says World Wide Worx MD Arthur Goldstuck.
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
Jon Pyke, chairman of the Workflow Management Coalition, will present the business process management (BPM) concept during the BPM Congress at the Sandton Convention Centre from 29 to 31 August.
Avaya has passed the seven million line milestone for IP telephony shipments.
Old Mutual and Nedbank sign $275 million network outsourcing agreement with CSC and Telkom South Africa
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
To avoid identity theft, keep personal details strictly confidential, says FNB.
Although customers are slow to adopt Internet banking, African banks still need to invest in this channel.
Customer vigilance is a crucial element for safe ATM transactions, says FNB.