The banking ombud sees the emergence of a new scam involving the use of near-field communication technology.
The transaction with Rapyd enables PayU to focus on the large payments and fintech opportunity in India, says Prosus.
FICA requires accountable institutions to identify and verify their clients, as well as identify the beneficial ownership of the client if it is a legal person.
To successfully combat money laundering and financial crime, banks must get to the root cause of how these crimes can go undetected, says iiDENTIFii.
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
According to the case study conducted by iKhokha and Mastercard, SA has one of Africa's fastest-growing contactless card penetration rates.
Good governance and business resilience imperatives require the implementation of risk mitigation measures that address the pervasive deployment of IT.
Applications open for the Visa Africa Fintech Accelerator, which will provide capital and training for 40 start-ups.
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
Banks must screen customers and their transactions throughout the client life cycle to comply with strict international financial crime laws.
The company honours its sixth anniversary with a global campaign and regional celebrations in the spirit of 'Building Together'.
There are 781 million registered mobile money accounts in Africa, accounting for 48.8% of global users, according to a GSMA report.
The digital bank integrates the PayShap service, to offer clients an easy way to make instant payments.