MTN and Nedbank say they won`t settle the patent infringement claim brought against them by a lone IT developer. Pierre Nel says companies have no respect for intellectual property and is confident he can win.
Nedcor Bank and Dimension Data (DiData) have signed a R20 million deal for the implementation of a trading room solution.
Global Technology SymTec, an electronic financial services provider, says Swift, a provider of financial transaction solutions, has introduced its SwiftNet financial solution to the local market.
Global e-finance solutions and services provider S1 Corporation says tests by S1, Hewlett-Packard and Informix Software show that its S1 Consumer Banking application will scale to support up to 43 million customers.
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 commercial banking division of ABSA has implemented a Microsoft SQL Server-based Analyst Financial solution, distributed by Harvey Jones Systems, to reduce its turn-around time to produce financial reports.
BoE Group Treasury has completed the installation of the Sybase Replication Server in order to provide disaster recovery facilities for its financial data.
MTN and Nedbank have responded to lone developer Pierre Nel`s claim that they are infringing on his patent. Nedbank says it will defend itself, while MTN calls Nel 'a dreamer`.
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
A lone developer has filed a patent infringement complaint against MTN and Nedbank for their system which delivers prepaid airtime over the network of automatic teller machines. ABSA could be next on the hit list.
Xerox SA says it has implemented Africa`s first fully operational OnBase Document Management System at Nedcor`s international finance division in Johannesburg.
Government says its ID smart card production is on track and the cards will be issued with an e-purse facility and full departmental support.
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
BoE Bank, the business division of BoE Bank Limited, is showcasing its new payment solution at E-commerce World 2000 currently underway at the MTN Sundome in Northgate.
Representatives of SA`s Big Four in the banking industry discussed their institutions` online offerings at First Tuesday, coming clean about service charges, multi-channel marketing approach and their seeming complacency towards potential competitors.
Increased service offerings through detailed customer profiling prompted Regal Treasury Private Bank (Regal Bank) to acquire the Quintus eContact Suite from eContact Solutions, with the first implementation stage due for completion in November.