PCI Security Standards Council Updates Card Production and Provisioning Security Standard

Version 3.0 to Improve the Secure Manufacture, Production and Delivery of Payment Cards Today the PCI Security Standards Council (PCI SSC) announced the availability of the PCI Card Production and Provisioning Security Requirements version 3.0. The updated standard helps payment card vendors secure the components and sensitive data involved in the production of payment cards, protecting

5 Fraud Solutions Every Financial Institution Should Have In Place

The growth in digital banking and e-commerce, spurred on by the COVID-19 pandemic, provides fertile ground for fraudsters and money launderers to commit crimes anonymously. Fraud and Cybercrimes thought leader, Clive Gungudoo, MoData’s Director of Financial Crimes and Risk Management, highlights five essential controls organisations need to put in place to protect their digital customer

Adopt an Agile Digital Banking Platform: Improve Innovation, Create New Value and Increase Profitability

The report looks at how niche markets push banks to innovate – to go beyond supporting basic and necessary banking transactions – on the same digital banking platform CR2’s latest market insight report, ‘Adopt an Agile Digital Banking Platform’ has been written in collaboration with Stessa Cohen (www.pivotassets.co), an internationally recognised expert on the digital

Twoobii offers Point-of-Sale Connectivity with Leading bank in SA

One of the leading South African retail banks has selected Twoobii as its preferred satellite services supplier for POS (Point of Sale) connectivity solutions. The successful certification is the result of stringent network testing to ensure full compliance with all security and network criteria. Now that Twoobii has been certified, the way ahead is clear

Crossfin Technology Holdings acquired by a Consortium of Investors in a ZAR1.5bn deal

Fintech company Crossfin Technology Holdings (“Crossfin”) acquired by a consortium of investors in a ZAR1.5bn transaction (the “Transaction”). Crossfin, a leading player in the South African fintech industry, announced today it is being acquired by a consortium of investors (“Consortium”). The Transaction is considered a landmark deal in the fintech industry and will see Crossfin

Stanbic IBTC Introduces Smart Loan to Support Customers

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, has introduced a Smart Loan digital solution to enable customers who have an account with their Asset Management arm access a loan to enable them meet their medium-term financial obligations. According to the bank, the devaluation of the naira due to the global economic downturn

New Mastercard Podcast Shows How Financial Inclusion is Creating an Equitable Future for All

Mastercard is shining a spotlight on the significance of financial inclusion in addressing some of the world’s most pressing socioeconomic challenges in a new  podcast ‘Journey to One Billion’  ‘Journey to One Billion‘ charts Mastercard’s journey to deliver on its commitment to financially include one billion people into the digital economy alongside 50 million small businesses and 25

PCI Security Standards Council Updates Hardware Security Module Standard

Version 4.0 Supports Industry Shift to Utilization of Cloud-Based Devices The PCI Security Standards Council (PCI SSC) published the latest version of its device security standard for Hardware Security Modules (HSMs). HSMs are secure cryptographic devices that are used for cryptographic-key management and the protection of sensitive data used in payment card processing. The PCI

SWIFT Delivers Major Milestones in Strategy for Instant and Frictionless Transactions

A year after sharing a bold vision to enable instant and frictionless transactions from one account to another anywhere in the world, SWIFT  underlines major progress in realising this vision in 2021. SWIFT has delivered on many commitments, including transforming the speed and transparency of low-value payments, removing key frictions by validating payments upfront, and

Standard Bank Now Banks More than 10 Million Customers in SA as 1 Million More Customers Sign Up in 2021

More than 10 million customers now bank with Standard Bank in South Africa. Since the start of the year 1 million new customers have joined Standard Bank.  Customers are signing on to Standard Bank services taking advantage of access to digital services and offerings. Standard Bank has ensured that is has rapidly transformed its digital