Secure electronic fund transfer (EFT) payments can now be made to the taxman without being affected by debit order and cheque limits imposed last year.
Technology is playing an increasingly important role in the home-loan application process, says Bond Choice, announcing a joint venture agreement with SA`s biggest independent estate agency group, Homenet.
NBS`s exit from the home loans market as a lender last year has resulted in a new entrant into the mortgage origination market which is using the Internet to target homebuyers directly.
Annette Hieber, Basel II specialist at SAS Institute SA, believes that while seven in ten European financial organisations are not managing risk effectively, the situation may be even worse locally.
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
Nanoteq has developed a network security architecture for Absa to help it align with international best practice in the field.
EDS and Bank of America have signed a 10-year, $4.5 billion managed network outsourcing service agreement.
Global Technology (Glotec) has gone live with the first phase of its Temenos eMerge banking system implementation at the Co-operative Bank of Kenya.
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
EDS is in final contract discussions with the Bank of Bermuda to provide a package of banking systems and service the bank`s IT systems in a contract valued at $375 million over 12 years.
Two years after its controversial launch, Absa`s last free Internet access service is being terminated. Absa says the offering was a success in terms of driving brand awareness and e-banking growth.
Global Technology (Glotec) has completed the integration of its Embrace enterprise resource planning system with the Globus banking system at Botswana Building Society.
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
Many African banks need to upgrade their systems but have been hit by the double whammy of licence fees being paid in dollars, and support and customisation being sourced from countries outside the continent.
PIC Solutions has helped specialist financial services provider Credit Indemnity to develop custom application scorecards to predict the risk of credit applicants.
The International Business Centre division of Standard Corporate and Merchant Bank (SCMB) has implemented an Ovations Technologies workflow system.