Articles about Digital banking

Generative AI is ‘live’ in the bank, says FNB CEO

FNB CEO Harry Kellan reflects on SA’s digitisation of financial services, predicting it’s unlikely to slow down, as more affordable smartphones will become available.

Motsepe’s ARC pumps R295m into Rain, TymeBank

African Rainbow Capital makes additional investments in Rain and Tyme Group, of R126 million and R169 million, respectively.

Elevating digital banking, strategic upgrade to OpenShift 4

Vagmine Tech IT's banking client opted to modernise its digital capabilities, enhancing its mobile and internet banking services to serve its customers better.

Absa’s IT spend surges to R3.3bn as it ups digital transformation

The big-four bank reveals its total IT spend now accounts for 28% of group expenses, as it continues to invest in new digital capabilities.

Nedbank targets year-end to complete R9bn IT project

The bank’s technology platform, delivered through the Managed Evolution programme, has now reached 95% completion.

TymeBank, running on AWS, proves fully digital banking is profitable, transformative

TymeBank recently achieved a financial sector milestone of reaching profitability in under five years.

Standard Bank facilitates 2.8bn digital transactions

The financial services institution’s digital retail clients in SA grew by 8%, as more clients transitioned to digital channels.

Ukheshe, Komuniti enable banking services for stokvels

The fintech partnership aims to provide financial and banking services to local underserved communities.

Transforming digital banking: HUAWEI AppGallery partners with leading South African banks

Huawei Mobile Services forms collaborative alliances with some of the most influential banking apps in South Africa.

Capitec uses BI, AI to offer safer banking experience

The bank uses business intelligence to enhance client experience after reaching over 10 million digital clients.

Discovery Bank narrows loss to R398m

The digital bank gets closer to its medium-term average daily new-to-bank sales target rate of 1 000 clients per day.

SA banking sector chooses enterprise-grade ID verification

Three of the top five largest banks in the country use the technological solutions for identity authentication offered by iiDENTIFii, says Gur Geva, founder and CEO of iiDENTIFii.