Global Technology says the Pioneer Permanent Building Society has bought the Globus banking application and the CAEMS loan origination system.
The future of Internet bank 20Twenty remains cloudy as parent company and majority holder in the bank, Saambou, is placed under curatorship. One analyst has described the venture as "finished".
Koos van Wyk, tax partner at PricewaterhouseCoopers, says the taxation of the financial industry has become a government concern as a result of the perceived difference between profits and the amount on which tax is paid.
Namitech has signed a debit card manufacturing agreement with the Commercial Bank of Ethiopia.
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
Local software developer TVM has been contracted to install its CreditPlus software at Rabobank International`s Utrech Corporate Finance division.
Cautionary notices issued by Allied Electronics (Altron) and Power Technologies (Powertech) have sparked speculation that Altron is to streamline its structure further.
According to the Wharton Financial Institutions Centre, banks must create a new model for strategic planning to cope with change and market volatility.
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
PIC Solutions says its software specialists have provided business and technical input and assistance with the implementation of the VisionPLUS system at Akbank in Turkey.
Temenos, a Global Technology (Glotec) partner, has signed three contracts to deliver its Globus banking software to financial institutions in the US, Russia and Vietnam.
The E-mail Corporation says its FinMail Product Suite has been ported to the Sun Solaris 8 Operating Environment and has been implemented at Standard Bank.
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
Wizard and Octagon Holdings are working together to implement the Wizard Application IT (WAPIT) mortgage application processing system into all the major banking groups in the country.
SAP Africa says BoE Corporate has gone live nationally on the mySAP.com e-business platform.
The Society for Worldwide Inter-bank Financial Telecommunications has awarded Global Technology the sole distributorship of its SWIFTNet messaging and inter-bank clearing system.