By Sergio Barbosa, CIO of enterprise software development house, Global Kinetic, and CEO of its open banking platform, FutureBank. Like the telecommunications companies, global banks are in a race to ensure they don’t become a dumb utility, leaving the more agile fintechs to capture an increasing share of their digital-forward customers. However, while some banks
South African bank’s adoption of nCino expands the company’s reach to five continents nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Capitec Bank (Capitec; JSE: CPI), South Africa’s largest and fastest-growing digital bank has partnered with nCino. nCino is assisting with building the
Mobile point-of-sale solutions (mPOS) are no longer ‘alternative’ payment solutions – even small vendors who aren’t using this technology, will soon lose out if they don’t adapt. The market is expected to achieve a compound annual growth rate of almost 20 percent between 2021 and 2027, with many merchants not only adding these solutions to
Independent mobile payments, insights, loyalty and rewards platform, Zapper, has announced that their merchants will now be able to accept tap-on-phone payments. The new functionality gives them access to virtually all digital payments without the need for any additional point of sale hardware and irrespective of whether consumers have the Zapper app. “After a successful
Cape Town-based fintech Mama Money is growing fast as it expands globally. This year, its cross-border money transfer volumes have more than doubled compared to the previous quarter with the company aiming to double its market share by developing new services as it enters new regions. From 2018 to 2021, the company’s volume increased by
Namibian consumers and merchants are increasingly turning to cashless payment methods as their preferred method of transacting. Since launching in 2018 PayPulse, Standard Bank’s cashless transaction app, has gained significant traction in that market, processing just under a million transactions to the value of N$ 442 million during the period 1 January 2021 to 31
The competitive advantage in modern business relies more and more on the customer experience. With the availability of technologies such as AI, data has become the most valuable asset. AI is turning our online behaviour, and even our common mistakes and typing quirks, into an effective way to keep us safe while making our user
By Barry Williams, Sales & Marketing Head and Clinton Leask, Business Development Lead at Pay@ In 2017, only 35 percent of the African population had access to banking services and this figure was projected to increase to 48 percent in 2022.1 The South African National Payments System (NPS) is regarded as world-class,2 as the banked
The Reserve Bank of Zimbabwe (the Bank) wishes to advise the public that, Standard Chartered Bank Zimbabwe Limited has formally advised that the Standard Chartered Bank Group has made a decision to divest of its business interest in Zimbabwe. Standard Chartered Bank Zimbabwe Limited has advised that the divestiture from some countries in the Middle
BankservAfrica’s Integrated Cash Management System (ICMS) Team introduced an automated transactions monitoring system in March 2022 that will take customer services to the next level. BankservAfrica has partnered with Intix, a global company providing state-of-the-art technology solutions for institutions to gain a full view of financial transactions across data sources and data formats. The BankservAfrica
