The Prudential Authority imposes administrative sanctions on Discovery Bank, as a result of its non-compliance with the FIC Act.
A private investment bank deployed DocFusion’s Enterprise Batch Processing Engine – an API-first, enterprise-ready platform designed for scale, resilience and compliance.
Cash remains the dominant payment method in South Africa, although digital alternatives are gaining ground.
SMS delivers real-time banking notifications with 98% open rates, regardless of internet connectivity.
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 fintech group delivers robust first quarter growth, driven by momentum in its consumer, merchant and enterprise businesses.
Buying Azure through the Cloud Solution Provider model offers financial flexibility, built-in partner support and proactive cost governance.
The insurer’s new digital-first bank takes a measured approach to AI, ensuring humans remain at the centre of customer service.
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
The significant unmet need for cash-flow flexibility among South African employees sees the Paymenow earned wage access platform take off.
The digital bank receives approval from the South African Reserve Bank’s Prudential Authority to appoint Cheslyn Jacobs as its new CEO.
The central bank can’t change regulations through the courts, says Joon Chong, a partner at law firm Webber Wentzel.
The JSE-listed technology group delivers a 15% increase in operating profit, despite a 10% revenue decline in its digital business.