First National Bank is launching Virtual Card, a digital card solution built into its smartphone app that it believes will make both online and physical payments significantly safer.
Browsing: Banking
Banking group Absa is transferring 32 members of its enterprise resource planning software team to Dimension Data.
Adobe and IBM said on Tuesday they are teaming up to make marketing software easier to use for banks that face strict controls on how customer data must be handled.
TechCentral gets to know Nedbank CIO Fred Swanepoel, a private pilot who is helping lead the bank to build platforms and ecosystems that allow it to engage more deeply with its suppliers and customers
Pick n Pay now allows customers to deposit money directly into their own bank accounts at till points thanks to a partnership with Mastercard, Visa and Absa.
Nedbank now allows merchants to accept payments directly on their phones using tap-to-pay technology. It allows business owners to convert their mobile phones into payment acceptance devices.
Banks are looking to speed up plans to move creaking legacy platforms onto the cloud, a slow and often costly process, but one that has been given extra urgency by Covid-19.
South African banks face the steepest earnings slump in half a century – with some posting losses – as measures to curb the coronavirus drag the economy deeper into recession.
Standard Bank has rolled out major changes to its smartphone banking app in an effort to keep customers out of its branches.
The banking group spent R7.5-billion on IT licences, maintenance and related costs in the 2019 financial year, up 17%, due to the weaker rand and costs associated with its move to the cloud.