South African digital identity artificial intelligence start-up company iiDENTIFii is expanding its operations into Latin America.

The bank is engaging with several authorities to amend regulations and ease digital trade during the COVID-19 pandemic.

The acquisition, from Standard Bank, has been unconditionally approved by the South African Competition Commission.

The competition watchdog gives a fund owned by the bank the green light to acquire Mulilo Prieska and De Aar projects in SA.

The acquisition will allow the big four bank to provide its fleet management solutions customers with a digital platform to facilitate fuel purchases.

Ithuba is encouraging all players to use its mobile app, which is downloadable on all smartphones.

Local banks say they are witnessing a marked increase in digital interactions on their platforms, as customers avoid branches.

The digital bank now has 1.4 million customers, of which 700 000 are active bank accounts

A survey shows customers are placing far more emphasis on perceived value and the need for banks to retain a human touch.

The big four bank is not perturbed by telecommunications companies invading its space with mobile money offerings.

Working with Microsoft and SAP, Standard Bank intends to deliver a faster time-to-market on products and services, while ensuring its IT infrastructure is optimised.

Standard Bank’s Deepesh Thomas shares cloud migration lessons learnt, at ITWeb BI Summit 2020.