The big-four bank’s business and commercial banking unit prioritises data and AI, as it looks to improve operational processes.
The company kicks off its 2027 financial year with stronger revenue growth, buoyed by an improving performance in South Africa and continued momentum in Egypt.
Zambia has built the payment rails, but the harder work is making digital payments cheap and trusted enough that people reach for them daily.
Venture capital investments exceeded R16 billion over the last decade, with AI emerging as the next major growth driver for South African start-ups.
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 company is stepping up its push into SA, betting that AI-driven credit scoring can unlock financial services for millions of people.
With its unified solution, Lumepay reduces fragmentation and improves capital efficiency, transaction certainty and settlement speed.
The company merges its Flash fintech subsidiary with Shop2Shop to create merchant commerce and fintech platform FintechCo.
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
For the first time, the Pan-African venture capital firm returns R45 million to investors in its Launch Africa Seed Fund I.
Expleo introduced ExpleoTeresa at a microfinance provider through a focused proof of concept, automating critical loan origination and disbursement journeys.
Trust has become a form of infrastructure in the retail sector, but has remained fragmented for the merchant.
Financial services professionals caution that AI tools lack regulation, fiduciary duty and the contextual understanding needed for sound financial decision-making.
Healthcare, coding education, digital payments and youth employment are among the initiatives organisations are supporting as they mark Mandela Day.