TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentral TechCentral
    NEWSLETTER
    • News

      Moves afoot to fix Eskom’s debt problem

      4 July 2022

      Audi South Africa to offer free connectivity upgrades

      4 July 2022

      Shock fuel price increase announced

      4 July 2022

      South Africa can no longer rely on Eskom alone

      4 July 2022

      Wiocc’s data centre business, OADC, appoints CEO

      4 July 2022
    • World

      Tether fails to calm jittery nerves

      4 July 2022

      EU to impose wide-ranging new rules on the crypto industry

      3 July 2022

      Crypto hedge fund Three Arrows files for bankruptcy

      3 July 2022

      Meta girds for ‘fierce’ headwinds

      1 July 2022

      Graphics card prices plummet as crypto demand dries up

      30 June 2022
    • In-depth

      The NFT party is over

      30 June 2022

      The great crypto crash: the fallout, and what happens next

      22 June 2022

      Goodbye, Internet Explorer – you really won’t be missed

      19 June 2022

      Oracle’s database dominance threatened by rise of cloud-first rivals

      13 June 2022

      Everything Apple announced at WWDC – in less than 500 words

      7 June 2022
    • Podcasts

      How your organisation can triage its information security risk

      22 June 2022

      Everything PC S01E06 – ‘Apple Silicon’

      15 June 2022

      The youth might just save us

      15 June 2022

      Everything PC S01E05 – ‘Nvidia: The Green Goblin’

      8 June 2022

      Everything PC S01E04 – ‘The story of Intel – part 2’

      1 June 2022
    • Opinion

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022

      A proposed solution to crypto’s stablecoin problem

      19 May 2022

      From spectrum to roads, why fixing SA’s problems is an uphill battle

      19 April 2022

      How AI is being deployed in the fight against cybercriminals

      8 April 2022
    • Company Hubs
      • 1-grid
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»Editor's pick»22seven: all grown up

    22seven: all grown up

    Editor's pick By Craig Wilson10 May 2012
    Facebook Twitter LinkedIn WhatsApp Telegram Email
    Christo Davel

    22seven is no longer in beta. It will offer users a 30-day free trial, after which the service will cost R70/month. There is no contractual commitment and users can opt out at any time.

    CEO Christo Davel says mobile applications are inevitable, but won’t commit to a timeline for their launch.

    The personal financial management service was launched in January, causing consternation in the process. Absa decried the service and suggested that customers using it could find themselves unable to claim compensation in instances of fraud, even if the fraud was unrelated to 22seven. It pointed to its terms of service that preclude customers from giving their online banking information to any third party.

    First National Bank, on the other hand, offered a solution whereby its customers could create a secondary, “read-only” profile for use with the service. “A large number of Absa customers moved to FNB because of Absa’s response,” Davel claims. “This shows just how much people want services like this.”

    Now that it’s out of beta, a subscription fee of R70/month is applied and Davel says this was “as low as we could possibly keep it” due to the licence fees it has to pay third-party technology provider Yodlee, which handles the secure login process to extract data from users’ Internet banking profiles.

    Davel won’t disclose how many users have signed up so far and says it’s difficult to predict how many of these will leave the service in a month’s time when they are required to pay their first monthly subscription fee.

    At present, there are no mobile applications available for the service but Davel says these are “inevitable” and that it may be on mobile platforms where the service proves most useful for customers.

    “We really believe the service is going to have to go mobile,” Davel says, but adds that he is disinclined to speculate about a timeline because the most important thing is ensuring users have the best possible experience of the service.

    In the interim, the online portal and its user interface have been overhauled. Users can view their disposable income, debt and the amount they can borrow on a single screen, and can categorise all income and expenditure. The system recognises recurring expenses so that users should find themselves doing less manual categorisation over time.

    Head of product strategy and design, Simon Dingle, says 22seven is also looking at options that allow households to view combined accounts, but that it’s unclear what this will look like. There is also no indication when the service will move from being Flash-based to using HTML5. While most browsers can view Flash, mobile devices, particularly Apple’s iPad, don’t support it.

    “We wanted to use HTML5 only, but sanity prevailed and we had to realise that if you look at the browsers that get used mostly in SA and the way people access their digital information, and if we wanted to supply a slick experience that isn’t clunky, we had to use Flash,” says Davel. “But it’s an old technology and we want to migrate away from it in time.”  — (c) 2012 NewsCentral Media

    22Seven Absa Christo Davel FNB Simon Dingle Yodlee
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleKnott-Craig taps Vodacom for Cell C execs
    Next Article Mobile driving SA Internet growth

    Related Posts

    Moves afoot to fix Eskom’s debt problem

    4 July 2022

    Audi South Africa to offer free connectivity upgrades

    4 July 2022

    Shock fuel price increase announced

    4 July 2022
    Add A Comment

    Comments are closed.

    Promoted

    Presenting the cloud finance in South Africa survey with AWCape and Sage

    4 July 2022

    The Equiano cable has landed

    4 July 2022

    Billetterie simplifies interactions between law firms and clients

    30 June 2022
    Opinion

    Has South Africa’s advertising industry lost its way?

    21 June 2022

    Rob Lith: What Icasa’s spectrum auction means for SA companies

    13 June 2022

    A proposed solution to crypto’s stablecoin problem

    19 May 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.