Icanonline, the electronic banking platform, has offered free banking for life to six people whose details were inadvertently disclosed to a number of Moneymax newsletter subscribers.
The Co-operative Bank of Kenya has unveiled a centralised banking system running on a Sun Solaris operating environment.
Internet banking is the least profitable of the 10 banking business areas surveyed for a PricewaterhouseCoopers report on banking in SA.
The financial services industry has come to rely on the data provided by financial market information disseminators such as Reuters. ITWeb examines some of the competition considerations and technical issues and policies of these data providers.
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
SA will soon have its first virtual bank, when a new initiative launches this weekend. 20twenty is an online banking service owned primarily by Saambou Bank, one of the country`s last independent banks.
Rand Merchant Bank (RMB) will incorporate Dell servers and storage products at its operations to enhance its storage infrastructure.
BoE has contracted Dimension Data to provide it with a multi-service network in a deal valued at R10 million.
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) has been contracted to supply the Kingdom Bank with a Globus-based debit card system.
The Reserve Bank of Malawi has awarded a contract for a new national interbank settlement system to Perago Financial System Enablers, a company in the Comparex group. The technology architecture used will be an HP high-availability configuration.
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
Concerns about the security of mobile banking offerings in SA are totally unfounded, says Mark Currie, product manager, m-Commerce Security at Prism Secure Solutions.
Prisma Solutions has unveiled the LiquidOffice eForm Management System.
Superior technology is becoming a critical factor in the banks` battle for home loan market share, says Comcorp Online MD Richard Moss.