Telkom says its CyberTrade service offers users secure online gateways to all the major banks.
Following the widely-publicised Absa e-banking fraud, Standard Bank is offering clients free firewalls and security software, and Telkom has given the assurance that it offers a safe online banking channel.
Standard Bank will supply its Internet banking customers with McAfee personal firewall and anti-virus software to improve its online banking security.
A 35-year-old man has appeared in the Bellville magistrate`s court in connection with the fraudulent transfer of money from Absa online banking customers` accounts.
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
A man has been arrested in connection with the Absa e-banking fraud case. Meanwhile, Absa says its e-banking client base has grown.
The Absa e-banking ID security breach is still making waves. Click here for all of ITWeb`s coverage and readers` views.
Some local banks are at the leading edge on aspects of Basel II implementation, but data remains a challenge and banks have been urged to design an IT blueprint now.
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
Banking group Absa says there is no news yet on the investigation into the e-banking identity fraud case.
The recent Internet banking fraud has been blamed on the customers` security, or lack thereof. But shouldn`t banks be shouldering their share of the blame?
Standard Bank experienced an upsurge in traffic on its online banking service yesterday after incorrect reports claiming a client`s account had been compromised.
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
Industry commentators and cyber security experts have criticised Absa for its handling of the fraud affecting e-banking customers. Absa has defended its position on the incident.
The EconoAccounting accounting solution can help Internet banking users to quickly and easily identify unauthorised transactions, says Keith Levenstein, developer of the software.
Staffware will provide Nedcor with a business process outsourcing service.