Sasfin takes equity stake in South African lendtech Payabill
Johannesburg-based firm looking for more SME action.
Johannesburg-based firm looking for more SME action.
Digital challenger gets ready following its soft launch in December 2018.
Bank’s CIO Jacques Barkhuizen calls it a “world first”.
Government gets tough on cryptocurrency activities.
UK and South Africa united in fintech grief.
First National Bank partners with Selpal for new customers.
Financial services company launches new digital offering.
There were “certain weaknesses” in its detection of money laundering.
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Bank Zero is mobile-driven, 45% black-owned an 20% women-owned.
Coronation Fund Managers live with SmartStream’s TLM Corporate Actions OnDemand.
Absa CIO: “Your bank account is live immediately – no need to go to a branch.”
Bank will use Daon’s IdentityX platform to develop new authentication solutions.
Round led by Partech with participation from Orange Digital Ventures.
No explanation as to how or why from the South African bank.
Says it’s first in the world to offer full banking services via the chat app.
ATMs and online platforms were affected, according to reports.
A blockchain-based payments system tested last week outdid traditional payment networks.
South African bank unveils selfie authentication… and “businessism”.
FNB estimates the size of the market for its m-wallet service at over 11 million people.
Four start-ups received $200,000 funding from DFS Lab, supported by Bill and Melinda Gates Foundation.
South African bank unveils new app that allows users to send money, data and airtime.
Mastercard has acquired Oltio, a mobile paytech firm in South Africa.
Bank reported problems with its self-service channels.
Will also experiment with distributed ledger technologies – and ConsenSys helps out.
Our southern stars are Bank Zero, Westpac and Commonwealth Bank of Australia.
2018 will see the launch of Root in South Africa, a bank account for developers.
TymeDigital, a South African online money transfer business bought by Commonwealth Bank of Australia (CBA) two years ago, has been granted a banking licence. The first licence issued to a new bank by the South African Reserve Bank (SARB) since 1999. TymeDigital will enter a retail banking market dominated by South Africa’s five biggest banks: […]
South African start-up Bettr Finance is preparing to launch its mobile banking service – with the offer of no monthly account fees and no bricks and mortar branches. It’s early days at the moment, so timelines and specific details are not available. But on its website its alpha phase is limited to 10,000 users. The […]
Atlas Finance, a microfinance lender in South Africa, has signed for Nucleus Lending Analytics from India-based lendtech vendor Nucleus Software.
US-based InvestCloud has a spring(bok) in its step as it has been appointed by South Africa’s Anchor Private Clients to provide digital client communication and client reporting solutions. Johannesburg-headquartered Anchor Private Clients, the private client division of Anchor Group, specialises in investment management and advice for private clients across South Africa and internationally. Its parent […]
South Africa-based Mercantile Bank has implemented a new digital channels platform, TCS Bancs Digital, supplied by TCS Financial Solutions.
While the maturity of blockchain discussions and advances are at different stages of development around the world, blockchain is said to be at the height of the Gartner hype cycle. This implies that 2017 will be the year where disillusionment with the technology begins. However, 2017 may also see some real breakthroughs with its application and the emergence of pockets of the first concrete results.
Nedbank, one of South Africa’s largest banks, is implementing a new syndicated lending system, Fusionbanking Loan IQ, supplied by Misys.
Who is investing in what? Our latest fintech funding round-up, mercifully brief as usual. Featuring ApplePie Capital and Firepay.
South Africa’s insurance group Discovery has received the green light from the regulators to set up a bank – the anticipation is that a banking licence will be granted within a year.
Welcome to the bundle. South Africa’s First National Bank has launched its own-branded smartphones as it looks to mobile banking growth. The ConeXis X1 and A1 phones will be available from 380 branches around the country and come bundled with FNB’s smartphone banking app. Jan Kleynhans, CEO of the FNB Consumer Segment, says the initiative […]
One of South Africa’s largest health insurers, Discovery, is a step closer to selecting a core banking system for its new bank, Banking Technology understands. Discovery went public on its plans to launch a brand new full-service retail bank in South Africa last year. As part of this ambition, it acquired the majority stake in […]
South Africa’s Nedbank has chosen Volante Technologies to help it revamp its payments message service using VolPay Foundation, which focuses on validating and processing payments. The move comes ahead of regulatory change next year, which will force all South African institutions to change the way they handle payments.
Stock markets in Nigeria, Kenya and South Africa are planning to launch cross-listed exchange traded funds later this year, as part of an initiative that aims to boost liquidity across Africa’s three largest markets.