SWIFT Community Update – Focus on South Africa: SWIFT Strategy – Our Vision for Instant, Frictionless Payments and Securities

Posted on by Staff Writer | 3493 Views | 21 min read

Over the next two years and beyond, SWIFT will deliver on an exciting strategic roadmap for and with its global community of 11,000 institutions, expanding SWIFT’s capabilities beyond financial messaging to provide a platform for comprehensive transaction management services. This new approach will support and accelerate innovation, paving the way for financial institutions — independently,

Sparking a Trend in ATM Technology and Innovation

Posted on by Staff Writer | 4822 Views | 19 min read

Spark ATM Systems, South Africa’s leading independent ATM deployer, won five awards at the tt100 Business Innovations Awards. The company also proudly added the Fintech Award of the 2020 Africa Tech Week Awards to its trophy cabinet. The tt100 Business Innovation Awards programme was launched in 1991 to create awareness of the role of technology

Pay@ | Bill Payment Trends in 2021

Posted on by Staff Writer | 3168 Views | 18 min read

Of all the technology sectors to have prospered amid the COVID-19 pandemic, the online payment space has emerged as one of the most influential, following the call for social distancing and demand for contactless payment solutions. “In fact, the Global Payments Report for 2020 published by McKinsey & Co. found that the digital payments sector

FNB | Bank on SA’s Most Valuable Brand in ‘21

Posted on by Staff Writer | 3595 Views | 21 min read

Despite increased economic uncertainty, FNB, the most valuable brand in SA, is increasing its focus on building even more trust and further assisting their customers to thrive. According to Jacques Celliers, CEO of FNB, businesses and individuals now have the advantage of hindsight, and those that are able to apply many of the difficult lessons

Mastercard Global Outlook 2021 Highlights Permanent Shift to Digital and Opportunity to Boost Financial Inclusion in the Middle East and Africa

Posted on by Staff Writer | 6689 Views | 24 min read

Mastercard Economics Institute report estimates that 20-30% of the COVID-related surge in e-commerce spending to be a permanent feature in share of overall retail spending Young and digitally savvy populations across the Middle East and Africa (MEA) are key to long-term growth outlook, but youth unemployment poses a threat to growth prospects The opportunity for

Entersekt | Challenging Year Ahead as Digital Economy Evolves

Posted on by Staff Writer | 3523 Views | 21 min read

New banking regulations, digital consumers, the eradication of passwords, contactless technology – these are just some of the trends that will shape financial services and payments in 2021, writes Entersekt CTO, Gerhard Oosthuizen. The past year has fundamentally reshaped all sectors of the economy by accelerating the move to digital and this will define the

FNB | Global Recognition for SA’s Best Business Bank

Posted on by Staff Writer | 3877 Views | 15 min read

Bank on the Global SME bank of the year! FNB’s market-leading approach to providing helpful and contextual financial solutions to support business customers has been recognised through the accolade of Global SME Bank of The Year at the Global SME Finance Awards Ceremony late in 2020. Managed by the IFC, the SME Finance Forum was

SWIFT Community Update – Focus on South Africa: The Future of Payments in an Evolving Digital Landscape

Posted on by Staff Writer | 3184 Views | 23 min read

The global payments industry is undergoing major change and transformation. With the rate of change accelerating, the financial industry must continue to evolve and innovate in order to stay ahead of customer expectations and deliver instant, frictionless, transactions. SWIFT’s 2020 Community Update – Focus on South Africa, brought together market leaders and industry experts to

Retail Banks Put 15 – 25% of their Revenue at Risk if they Fail to Enhance their Daily Banking Proposition

Posted on by Staff Writer | 3464 Views | 23 min read

By Dr Tijsbert Creemers-Chaturvedi, Managing Director and Partner at BCG, Johannesburg Daily banking has always been the glue that cements a customer’s relationship with their bank. But regulatory changes, rising customer expectations, new competition, and technological advancements are weakening that glue and threatening banks’ profitability We estimate that a retail bank puts 15% to 25%

Standard Bank Goes Live on Traydstream Platform

Posted on by Staff Writer | 3883 Views | 12 min read

Standard Bank South Africa has become the first bank in the country to go live on the Traydstream platform. The move to Traydstream, which was completed on November 5, will create efficiencies in Standard Bank’s trade process and will continue to set it apart in the trade environment. Traydstream digitises documents such as the Letter