Talgentra will provide African Bank with the Tallyman software solution to support its collections operations in SA.
The Absa online banking fraud case has sparked a great deal of fear among online banking clients.
A legitimate monitoring program has been blamed for the Absa e-banking fraud case.
Banks say customers need to be educated to avoid the kind of online identity fraud that occurred among several Absa clients last week.
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 launched its new-look flagship branch, dubbed "the outlet of the future", at Sandton City last night.
Absa has certified its retail point of sale acceptance systems with both Visa and MasterCard to ensure acceptance of chip cards.
Investec Asset Management and global stockbroker UBS have announced an automated equity trading and asset management system.
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
Global Technology (Glotec) is to sell four subsidiaries for R1. It has also warned that it will report a significant loss for the six months to end-June.
The Banking Sector Education and Training Authority (Bank SETA) has awarded an e-learning tender to the University of the Western Cape and Safmarine Computer Services.
First National Bank (FNB) has disposed of its IT Customer Services division to CS Holdings (CSH).
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
SAS has installed a data mining solution at Absa to provide the bank with a single view of its customer accounts.
JD Edwards (JDE) has completed the fourth phase of the implementation of its CRM for Financial Services solution at the Bank of America.
CS Holdings has acquired First National Bank`s (FNB`s) IT customer services division, including all operational assets and liabilities as well as 280 staff.