Standard Bank has become the first bank in South Africa to issue smart card credit cards with embedded micro-chips conforming to the international EMV standards.
Standard Bank is in the first phase of implementing an integrated chip card technology that paves the way for multiple applications on a single smart card.
SA`s banking regulators did too little too late, according to a recent PricewaterhouseCoopers survey on banking in SA.
Absa says its Internet access service has reached the 100 000 subscriber mark, making it one of the top three Internet service providers in SA.
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
First National Bank (FNB) has launched a new service through its eBucks.com Web site that allows travellers to buy foreign exchange online and have it delivered.
EDS has signed a seven-year, $350 million managed desktop outsourcing services agreement with Barclays.
Local Avantstar distributor Computrolley.com has provided Standard Bank with the HTML Transit solution to enable it to create and publish policies and procedures on its intranet.
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
Standard Bank is offering customers with an SME AutoBank card free access to its Internet banking service.
Grintek Telecom has supplied First National Bank (FNB) with Hypercom ICE 5500 card payment terminals.
Global Technology Holdings (Glotec) is selling its stake in Swiss-listed Temenos Group for about R51.6 million.
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 State Bank of India has awarded Datacraft a $17 million contract to develop the second phase of its nationwide corporate network.
Telkom and Standard Bank SA have introduced a new PrepaidFone electronic voucher recharge service.
It is important for financial institutions to keep track of specific information to combat fraud, says Piet Dempsey, MD of Knowledge Focus.