Financial services company, Discovery, has announced details of its new banking offering. Described as the world’s first behavioural bank, the fully digital bank leverages Discovery’s Shared-Value model, and can be joined from March 2019 by anyone with a smart phone. “Discovery Bank presents the latest manifestation of our core purpose of making people healthier and
Easy and seamless payments are one of the key concerns for large retailers. As new technologies emerge, and the payments ecosystem evolves, retailers must stay ahead of customer expectations around availability, channel variety, and ease-of-use. “The payment environment in retail must not only ensure high availability and performance, but is also a key part of
The Government Gazette of 7 September officially announced that Bank Zero had been registered as a mutual bank effective 17 August 2018. Michael Jordaan, co-founder and chairperson of Bank Zero, acknowledges the professionalism, skills and world-class systems of the South African Reserve Bank (SARB) and the newly created Prudential Authority: “The stringent licencing process, the
Kaspersky Lab has concluded a memorandum of understanding (MOU) signed with the South African Banking Risk Information Centre (SABRIC) in October 2017 and plans to renew the MOU for a further year, following its success. The MOU has seen Kaspersky Lab successfully support SABRIC members to enhance much needed skilled capacity within the banking sector
Late last month, innovators and industry leaders gathered at the Spier Wine Farm in Stellenbosch for the second annual African Fintech Unconference (AFU18). The groundbreaking industry event was co-convened by African fintech pioneers Nomanini, MFS Africa and Tugende. “This was an incredibly valuable event for the African financial inclusion sphere in that it produced crucial,
UK-based fintech company, Fiskl, has announced a partnership with South African based fintech player, Ocean on 76. Looking to significantly strengthen its presence across Africa, Fiskl is launching a mobile app that aims to greatly assist SMEs manage everyday tasks like invoicing, expense and time management on their mobile device. With its fintech knowledge and
FNB Business has once again been voted “SA’s Best Business Bank” in the 20th Annual Sunday Times Top Brands survey. This makes it the sixth year in a row that FNB Business wins this award. The Sunday Times Top Brands survey is the leading indicator of consumer and brand sentiment in the country. Mike Vacy-Lyle,
For the eighth consecutive year, Paycorp has met the rigorous security requirements for PCI-Data Security Standard compliance; the industry-mandated security standard that applies to all businesses that store, process or transmit credit and/or debit card data. Paycorp was one of the first organisations in the South African financial services industry to achieve PCI compliance, and
Mastercard President and CEO, Ajay Banga, this week visited Zimbabwe to show Mastercard’s strong support for the country’s drive to create a new wave of digital payments and inclusive growth. He outlined how Mastercard will collaborate with local private and public sector partners to drive greater financial inclusion through the implementation of innovative payment technologies.
Absa has introduced a quick, simple and convenient end-to-end account opening for new customers, through the Absa Banking App which can be downloaded from the Android and Apple stores. This innovation follows the launch of the world first ChatBanking on WhatsApp service and is another innovative way Absa is fast becoming a digitally-led bank, that
