The customer satisfaction gap between banks rapidly closes, as they accelerate their digital roadmaps.
Luno Expeditions, a global, early-stage investment unit, will support the best fintech and crypto/web3 founders.
FNB Merchant Services estimates SA’s e-commerce market will breach R400 billion by 2025, up from nearly R200 billion.
Huawei partners with Ozow to provide a more convenient way to make instant payments on the Ozow platform and Huawei AppGallery.
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 Nona Digital acquisition comes with a team of specialised technology professionals for Yoco.
The online network of professional data scientists will provide Absa with talent to accelerate its emerging tech offerings.
The new entity is expected to increase the spread of ownership by historically disadvantaged people and workers.
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
The digital-only bank partners with the National HealthCare Group to provide in-app medical insurance solutions to its millions of customers.
According to the bank, digital initiatives helped to increase the number of digitally-active retail clients in SA by 11% to 2 3 million.
The app has seen exponential growth and doubled its customer base in the last four months, with 50% of that being achieved in the last four weeks, says the bank.
The structural separation of the fintech, fibre units is underway and both businesses will be operating companies in the next 18 months, says the company.
The bank is saving hundreds of consulting hours per month using Entersekt’s MNO authentication solution to securely verify customers making use of its interactive voice response system.