For banks and payment operators, payments transformation is no longer a strategy discussion – it is an operational reality playing out every day in production systems, says MoData.
The crypto-currency exchange sees 208% year-on-year customer growth, boosted by financial inclusion and cross-border payments.
The fintech firm sees an uptick in demand after it increased its loan size from R2 000 to R4 000 and extended the terms from six to nine months.
The WealthTech opportunity lies not in exploiting data, but in using permissioned insight to reduce friction and improve service quality.
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
Local banks leverage Scam Signal’s network intelligence to block fraudulent payments, protect customers and strengthen defences.
The branchless bank transitions to GoTyme Bank, marking its next step as part of the global Tyme Group.
Nomonde White-Ndlovu takes up a new role as chief information officer for group compliance at Absa.
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
Research reveals institutions remain vulnerable due to fragmented strategies, outdated frameworks and a compliance-over-culture market.
Financial brokerage and asset management firm EBC Financial Group says the scale of the problem is significant because digital payments are now well-established.
If fintech 1.0 was about disruption, and fintech 2.0 was about rapid scaling, fintech 3.0 is about resilient, compliant, interoperable financial infrastructure.
Cyber security and financial experts warn of an increase in Remote Access Trojan malicious software.