Banks have spent fortunes fighting fraud. But this has slowed spending in other areas – and the cracks are beginning to show.
Browsing: Banking
Banks around the world are rushing to upgrade legacy systems that are placing them at a significant disadvantage.
Global banks are expected to cut as many as 200 000 jobs in the next three to five years thanks to AI.
TechCentral spoke with TymeBank CEO Karl Westvig about Tyme Group’s latest investment round, TymeBank’s ambitious growth plans in South Africa, and more.
Tyme Group, controlled by billionaire Patrice Motsepe, has raised $250-million in a new funding round.
The Reserve Bank is working to drive financial inclusion by digitising cash and making instant payments across borders an everyday reality.
The collaboration provides RMB Private Banking clients with access to FNB Connect’s data and device solutions.
A detailed analysis of more than three million consumer social media posts over the past year shows Discovery Bank is South Africa’s “favourite bank” for 2024.
Magnetic stripes on bank cards appear to be on their way out as South Africa’s financial institutions look to more modern features to bolster the security of card transactions.
FNB now facilitates real-time cross border payments in South Africa, Namibia, Lesotho and Eswatini.