Innervation Rewards Collaborates with Mastercard to Digitise and Simplify Expense Management for Corporates in South Africa

Posted on by Staff Writer | 4125 Views | 11 min read

Innervation Rewards, an incentive and rewards company, has partnered with Mastercard to launch SlipMate, an intelligent expense management solution designed for South African companies to reconcile employees’ corporate expenses from their Mastercard prepaid corporate card. SlipMate offers a mobile app that empowers employees to easily capture, submit and track expense claims. Backed by Standard Bank

South Africa’s Largest Fund Administrator Goes Live with Temenos

Posted on by Staff Writer | 3397 Views | 14 min read

Agility and scalability of Temenos platform supports Curo’s large multi-client fund base and rapid pace of product evolution in the investment industry Temenos Multifonds Global Accounting platform enables Curo Fund Services to deliver seamless back office service; Curo is a third-party administrator for 3,000 funds with assets under management in excess of $150 billion; Agility

Adopting EMV 3D Secure Protocol Benefits Entire E-commerce Ecosystem

Posted on by Staff Writer | 4752 Views | 17 min read

A collaborative effort between merchants, banks and card networks is required if the greater e-commerce landscape is to benefit from faster approval rates, low-risk trading environments, and a better user experience offered by the new EMV 3-D Secure protocol, says authentication specialist, Entersekt. The original release of 3-D Secure by the credit card networks took

Three Fintech Heavy Hitters Join Direct Transact to Take SA Into An Open Finance Future

Posted on by Staff Writer | 3646 Views | 9 min read

Direct Transact, the largest independent provider of transaction processing solutions for banks and businesses in SA, is appointing three financial industry heavy-hitters to expand the local industry’s open finance capabilities in the global market. The company, which handles more than R30-billion in financial industry transaction flows per month – the flows of nearly 70% of

Banking Association South Africa | Transformation in Banking Report 2020

Posted on by Staff Writer | 3365 Views | 11 min read

The Banking Association South Africa (BASA) Transformation in Banking Report 2020 reflects the progress made by banks in transforming the industry and increasing economic inclusiveness and empowerment, despite constrained economic conditions. Significant progress was made on key metrics that track the transformation of the industry and its support for Broad-based Black Economic Empowerment in 2019.

Absa Group Appoints Group Chief Risk Officer and Group Treasurer

Posted on by Staff Writer | 3632 Views | 5 min read

Absa Group Limited has appointed Deon Raju as Chief Risk Officer, with effect from 1 June 2021. Deon is currently Absa Group Treasurer, primarily responsible for the liquidity risk, funding, capital, and non-traded market risks of the Group. He has been with Absa for more than 20 years, having held roles in Enterprise Risk, Finance,

Ukheshe Technologies Welcomes Anton Coertzen to its Dynamic Executive Team

Posted on by Staff Writer | 3108 Views | 10 min read

Leading South African digital-first fintech enabler, Ukheshe Technologies, has announced the appointment of Anton Coertzen as President of Strategic Partnerships. Coertzen will be responsible for growing the business through key partnerships which complement the company’s business development and product innovation strategy. The appointment comes as Ukheshe continues to entrench its position as a formidable payment

Leading South African Microfinance Institution, Barko Goes Live on Temenos SaaS in Under 6 Months to Deliver Finance Faster

Posted on by Staff Writer | 3242 Views | 14 min read

Temenos SaaS provides launch-pad for Barko Financial Services to challenge incumbents with new retail banking services that are fast, efficient, and competitive With Temenos technology Barko Financial Services is helping 1.5 million South Africans access finance fast, in less than 4½ minutes, without visiting a branch; Using Temenos Infinity, BFS was able to reimagine the

African Countries Reach E-commerce Tipping Point – PayU Report

Posted on by Staff Writer | 4259 Views | 17 min read

South Africa’s m-commerce up 35%, Nigeria is Africa’s biggest e-commerce market, and Kenya primed for massive growth Multiple factors have combined to bring African countries to an e-commerce adoption tipping point, creating more opportunities than ever for online and omnichannel merchants. This is particularly true for merchants in fashion, beauty, education, and digital goods. This

Customers Can Now Pay Small Businesses Via WhatsApp

Posted on by Staff Writer | 3918 Views | 12 min read

Nedbank, in collaboration with Mastercard and Ukheshe, has launched Money Message, a new payment platform that lets small and microbusinesses conveniently receive secure in-chat payments from their customers via WhatsApp. A first in South Africa, the solution will enable merchants to send an invoice requesting a payment from any customer seamlessly through WhatsApp. Their customers in