Cisco says a convergence between Internet- and branch-located banking could be the solution to Internet banking scares.
Absa says the latest fraud case to make the news was not a "hack", but involved "social engineering", with the Internet used as a tool to transfer the victim`s funds.
Despite the apologies, many FNB Internet banking customers are still unhappy about the intermittent service and want a proper explanation of what happened, but it`s not clear if this will be forthcoming.
FirstRand`s R2.6 billion procurement policy allows the group to spend as much with BEE companies as they can handle.
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 National Commercial Bank in Jeddah, Saudi Arabia, has contracted PIC Solutions to conduct a systems audit of its VisionPLUS account processing software.
Online banking security and stability have come into question again lately. As far as I can tell, my e-bank is very secure: no one can steal my money because no one has much chance of accessing it.
PIC Solutions has been invited to present at the Middle East Retail Banking Conference taking place in Dubai on 12 and 13 October.
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 Absa e-fraud accused has been granted R10 000 bail as the number of charges against him has been increased.
Commercial banks have again assured clients that Internet banking is safe, following weekend reports of a "hacker" claiming that their recent security upgrades are still leaky.
First National Bank has identified why its Internet banking services crashed at the month-end, as it scrambles to restore customer relations.
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 eBucks.com site is up to 85% availability, but technicians are still searching for the bug that laid it low.
There is still no joy for eBucks customers 10 days after things went pear-shaped.
FNB`s eBucks online banking site was still offline early this morning, despite assurances that urgent repairs at the weekend would solve the site`s problems.