High volumes of false positive rates can also stem from a cautious approach to risk management, says Jonny Bell, director of financial crime compliance and payments at LexisNexis Risk Solutions.
Decision Inc. identified the Board Financial Consolidation application as having the capabilities to automate the financial consolidation of Citadel’s complex group structure.
The JSE-listed fintech group’s drop in earnings was directly due to the expected credit loss provision raised, amounting to R70.8 million, for the loan.
The company appoints M Mudassar Aqil as executive of banktech in its MoMo fintech business.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
The Competition Commission approves JSE-listed firm Reunert’s acquisition of tech consultancy IQbusiness.
The US Securities and Exchange Commission charges the world’s largest crypto exchange with securities law violations.
Refurbished IT equipment can cost 30% to 50% lower than new laptops and desktops, without sacrificing on performance and reliability, says Kwirirai Rukowo, GM at Qrent.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
The Competition Tribunal unconditionally approves VCAP1’s acquisition of Virtual Payment Solutions and Switchone.
The health-tech start-up attracts investor attention of Old Mutual’s NEXT176 and US-based Tofino Capital, securing R41 million seed extension funding.
The CSIR will use the funds from the Bill & Melinda Gates Foundation to drive skills and health innovation in Africa.
Various alternatives are being explored for the citizen engagement platform, amid the ongoing business rescue.
At EmpowaYouth Week 2023, CTU Training Solutions participated in a roundtable on scarce skills and opportunities for youth in the banking and finance sector.