Absa last night detailed its plans to embrace e-business over the next 12 months, claiming that its "aggressive long-term e-strategy" will "shake up traditional forms of banking".
The long-awaited merger between Standard Bank`s Internet arm bluebean.com and Liberty Group`s e-commerce venture MyLife, has reached fruition.
In another twist in the Absafreemail.co.za domain name dispute, Nizaam Karjieker, who personally registered the domain that Absa intended to use for its free e-mail service, has sold the domain to an anonymous third-party.
The Absa Group has fleshed out its plans for its free Internet service, and has announced that it intends to release 100 000 CDs with its free Internet service offering.
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
The Absa Group`s plans to offer free e-mail to its customers on the Absafreemail.co.za domain has been hampered by Nizaam Karjieker, a Cape Town-based Intekom account manager, who registered the domain on Monday.
Absa`s intention to launch a service offering free Internet access to consumers has received a mixed reaction - some calling the initiative laudable, while others are questioning the viability of the project.
Absa has announced a technology alliance with IBM to share strategic information and know-how, which will result in projects impacting the bank`s intranet, e-business infrastructure and data warehousing machinery.
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
Aqua Online, an e-commerce solutions provider, has established Aqua Pay, a payment gateway into the US banking system.
Philips Business Communications (PBC) has revamped the telecommunications infrastructure of NBS, a division of BOE, in a deal valued at approximately R12 million.
ABSA merchants will soon be able to sell prepaid airtime on both the MTN and Vodacom networks through point-of-sale (POS) credit card terminals. ABSA and Autopage expect to capture 10% of the R4 billion prepaid airtime market.
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
ABSA has implemented NetManage`s Web-enablement technologies in the launch of its ABSA Global service, an Internet portal designed to provide secure access to a suite of financial products. [Local NetManage rep: Dax Data]
First National Bank (FNB) Corporate Bank expects to save more than R1 million a year through the implementation of the Peregrine infrastructure solution, distributed locally by CCH Enterprise Solutions.
Saambou has increased its investment in Persetel enterprise servers by purchasing a large IBM CPU upgrade from the PQ Africa data centre company.