Banks should review their pricing strategies for PayShap transactions, Standard Bank has said.
Browsing: Banking
With one notable exception, IT spend in South Africa’s banking sector has remained relatively stable.
Powerful digital tools and decreased physical risk have led to a decrease in robberies, while hacking surges.
AI is driving a spike in the number attacks and their success rate, but human fallibility remains the biggest loophole.
Standard Bank on Tuesday launched a new virtual credit card with “advanced security features”.
South African banking industry executives are reportedly concerned about possible US sanctions.
Absa Group’s IT spend for the six months to 30 June reached R8.2-billion as it ramped up spending on security and AI.
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