It is now mandatory for local banks to make hand sanitisers available at all 30 000 ATMs in South Africa, but an industry body says this is going to be almost impossible to achieve.
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Standard Bank has launched an online marketplace for larger companies, offering them a range of digital solutions. Called OneHub, it’s meant to act as a single point of entry for the bank’s corporate clients.
The Ombudsman for Banking Services’ annual report reveals that it opened 7 717 formal cases in 2020 – a new record. That’s a 19% increase on the prior year, despite the Covid-19 lockdown.
First National Bank has created a secure application programming interface to allow Sage accounting customers to import their bank records automatically into their accounting software.
The South African Reserve Bank will introduce the Authenticated Collections/DebiCheck project from 1 May 2021 as part of its modernisation of the National Payment System.
Absa has joined several other banks, including Capitec and FNB, in launching the ability for clients to use its banking app to make payments using QR codes.
Absa Group CEO Daniel Mminele has stepped down, the bank said on Tuesday, a shock departure just 15 months into his post that sent shares in one of Africa’s biggest lenders down as much as 5%.
Absa Group said on Thursday that it is launching a skills incubator in partnership with Amazon Web Services to train employees in cloud computing skills.
Apple Pay has finally been launched in South Africa. Customers from Nedbank, Absa and Discovery Bank were on Tuesday morning able to load their bank cards into their Apple wallets.
Promoted | Regulatory technology, or regtech, can significantly assist banks in ensuring all digital transformation projects are successful and compliant, says e4’s Andrea Tucker in this podcast.