About 6 000 South African Visa card numbers were stolen in the recent systems breach in the US, but MasterCard remains tight-lipped.
Prism and VeriFone are enabling Kenya Commercial Bank to deliver faster processing, e-top-up and bill payment services to its merchant customers at retail outlets across Kenya.
Local Visa and MasterCard cardholders will have to wait until tomorrow to find out if they were among the 40 million accounts that were compromised by a hacker.
Standard Bank Group has selected SunGard's Basel II Capital Manager for Basel II compliance and capital management.
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
Banking the unbanked is all well and good, but education is desperately needed for those who are not familiar with computerised interfaces.
South Africans are reluctant to use mobile banking but have confidence in Internet banking, shows a new study.
Increasing the complexity of communications infrastructure is not the solution to high telecommunications bills in the financial services industry, says Unison Communications MD Craig Young.
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
First National Bank (FNB), in an initiative to make banking more accessible to rural South African consumers, has rolled out Mini-ATMs throughout the country.
FNB has launched a rewards programme with online services for commercial banking customers.
Eight more people are being questioned in connection with the recent Russian "phishing" attacks in SA.
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
Rabo Securities, the equity investment bank of Rabobank Group, will implement SunGard's Front Arena for equity trading, order management and exchange connectivity.
PIC Solutions has implemented CreditDesk at United Bank for Africa, to improve the bank`s credit application processing environment.
Standard Bank has implemented an automated custody solution that circumvents problems associated with poor telecommunications infrastructure in Africa.