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4:20
Wednesday

Digitisation, COVID-19 prompt reduced headcount at Absa

The bank reduces its total number of employees by 1 200 and institutes a hiring freeze, citing COVID-19 ramifications, combined with its digital strategy implementation.

2:40

Standard Bank Instant Money can now be collected in spaza shops

The bank expands its retail partner footprint for its Instant Money offering, so that it can bring this service to more South Africans, safely and securely.

2:50

FNB ups security for digital transactions

The bank rolls out online secure authentication for merchants and customers ahead of busy shopping periods Black Friday and Cyber Monday.

3:30

FNB adds more functionality to nav» platform

First National Bank’s nav» platform now offers budgeting, home services and wellness solutions within the main banking app.

2:50
Oct 19, 2020

Capitec clients can buy SA, US stocks from banking app

The EasyEquities feature allows rands to be converted to dollars within the platform and then used for the purchase of US shares.

1:40

FNB opens gateway to shares in global tech firms

First National Bank enables customers and institutional investors to buy fractional shares in Amazon, Apple, Facebook and Google parent company Alphabet.

1:50

Online insurance uptake on the rise, says FNB

The bank sees an increase in consumers who opt for life insurance via digital platforms, amid the COVID-19 pandemic.

5:30
Sep 11, 2020

Crypto exchange AltCoinTrader drags ‘bullying’ Absa to court

The local crypto-currency exchange takes the big four bank to court for allegedly putting pressure on Zapper to close the exchange’s account.

3:40

FNB’s digital platforms show resilience amid COVID-19

The bank’s app volumes went up 28%, the eWallet transacting base was up 39%, while the eBucks earn value rose 9% to R2.2 billion.

6:00

FNB touts renewable energy as solution to Eskom woes

With SA’s ongoing electricity challenges, the long-term benefits of implementing alternatives such as solar certainly outweigh the costs, says the bank.

4:50
Aug 20, 2020

SA banks scramble to quell Experian hack aftermath

Local banks activate risk-mitigation measures following the hacking of credit bureau Experian, which left the personal details of millions of South Africans exposed.

5:20
Aug 14, 2020

SA banks race to transition to marketplace banking

Banks are aggressively remodelling into marketplace banking, offering customers an ecosystem of aggregated products beyond the financial scope.

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