The South African banking industry is aware that the findings of research conducted by the Cyber Intelligence Research Group and specifically the Cyber Exposure Index may cause unnecessary fear, uncertainty and doubt. Whilst research is an important component for the development of cybersecurity products and services, an organisation’s cyber risk exposure cannot be determined purely
The Anti-Money Laundering and Financial Crime Conference 2017 will take place on the 08 & 09 November 2017 at the Indaba Hotel, Fourways, Johannesburg. The conference, organised by Trade Conferences International, features over 20 speakers, who will highlight the latest challenges, trends and strategies in combating money laundering and financial crime. This two-day event for
The rhetoric surrounding mainframes and their uses in modern enterprises tends to be largely negative. Mainframes are seen by many as outdated legacy IT systems that are, or will be, obsolete in the near future as businesses increasingly move to the cloud. However, these notions are one-sided. The reality is that mainframe computing remains alive
ThisIsMe won top spot at the African Fintech Awards hosted at the Finance Indaba last week. The business tied with Easy Equities after two days of intense pitching battles and an extensive voting process that involved the public. ThisIsMe also claimed the Innovative Banking title, with its focus on fast FICA using multi-factor identity verification,
Fifth Third Bancorp has announced a strategic relationship with Mastercard and AvidXchange to bring a best-in-class automated accounts payable solution to Fifth Third Bank’s clients. The collaboration is one of several recent business relationships with a financial technology company intended to bring efficiency and innovative digital solutions to clients. As part of the relationship, Fifth Third
Smartphones are the new hub from which tech-savvy consumers run their financial lives. In the developed world, bank branches are closing at an accelerated rate due to a decline in the use of cash and the huge uptake of digital payment systems. In the UK, the number of physical branches has more than halved since
The issues of the South African Social Security Agency (SASSA) expiry card has brought a lot of uncertainty among social grant beneficiaries who are now living in fear of what will happen when the card expires on 31 December 2017. SASSA would like to assure beneficiaries of social grants that the matter has been dealt
ACI Worldwide, a global provider of real-time electronic payment and banking solutions, has announced the next generation of fraud protection with its UP Payments Risk Management solution. Through state-of-the-art adaptive machine learning and an unrivalled approach to shared intelligence, the real-time payments fraud protection solution delivers banks, intermediaries, merchants and telcos the industry’s most powerful
Wirecard, the leading global specialist for digital payment solutions and internet technology, cooperates with Twisto to provide contactless payments via credit cards and wristbands at the point of sale (POS) in the Czech Republic. Twisto is the first FinTech providing physical credit card payments in the region. The company was awarded as “Best European Payments
Visa has announced that the results of an independent study conducted by Roubini ThoughtLab and commissioned by Visa examining the economic impact of increasing the use of digital payments in major cities around the world. The study estimates that relying more on electronic payments, such as cards and mobile payments, could yield a net benefit of
