Standard Bank decided to migrate its on-premise Atlassian toolset onto the AWS infrastructure and partnered with Synthesis to ensure best practices were adhered to and a seamless transition was possible. Challenge A number of significant outages were experienced on this toolset due to the on-premise infrastructure having aged. Users were faced with an increase in outages
Mastercard has announced the appointment of Victor Ndlovu as Director, Country Business Development Lead, East Africa. Victor is a seasoned business leader with close to three decades of solid experience in the fintech, banking and payments industry. He joins Mastercard from Ukheshe, based in South Africa, where he spearheaded the Fintech’s presence in Africa with
It is a common belief that financial access should lead to financial prosperity. According to the World Bank, financial inclusion is defined as all people and businesses having access to useful and affordable financial products and services that meet their needs. Sakhile Mabena, CEO, Ofin, a venture-backed fintech startup specialising in Behavioural Data Analytics, Financial
The South African Reserve Bank (SARB) has embarked on a study to investigate the feasibility, desirability and appropriateness of a central bank digital currency (CBDC) as electronic legal tender, for general-purpose retail use, complementary to cash. A retail CBDC can be defined as a digital form of cash aimed at providing the best attributes of
The ATM Industry Association (ATMIA) this week announces the approaching retirement of their much-loved Global Director of Finance and Member Services, Sharon Lane. “Sharon’s 18-year career with ATMIA has been extraordinary and her legacy will be highly effective systems of both financial and membership management, as well as the culture of caring for each and
With the African Continental Free Trade Agreement set to generate combined consumer and business spending of $6.7 trillion by 2030, the continent requires payment platforms to cater for this growth. To this end, Pay@ – a leading South African payment aggregator and provider of secure payment solutions – will be expanding into several African countries
Mukuru’s recent inclusion in the iAMTN 2020 Annual Report: A Trend Driven by the Covid-19 Crisis – the Shift to Digitalisation in Cross-Border Remittances, highlights the importance of strong payment system interoperability that enables the scalability of digital remittance channels. Where this does exist, the global pandemic has been a catalyst for digital growth in
Strategic alliance will support the development of Africa’s financial services and the growth of Absa Group, a leading African retail, corporate and investment bank Invest Africa (www.InvestAfrica.com), the leading business and investment platform for African markets, and Absa Group, one of Africa’s largest diversified financial services groups, are pleased to announce a strategic collaboration, aimed
Data insights within 24 hours promise to boost business decisions and competitiveness EXPLORE Insights is gearing to offer SME financial services companies in South Africa a crucial data analytics service aimed at delivering real time insights within 24 hours. “Building an internal analytics capability is expensive and complex. Our aim is to quickly, seamlessly and
It is no longer strange to hear from business that 2020 was an exceptional year. For some, it was exceptionally bad and lead to unbelievable hardships. For others, it turned into an exceptionally busy year. The Ombudsman for Banking Services (OBS), Reana Steyn, points out that the OBS had a busy year. Fortunately, the OBS
