Capitec Bank spent 27% more on IT in its 2024 financial year, reaching R1.9-billion from R1.5-billion in 2023.
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Standard Bank Group on Thursday reported a 14% jump in annual software, cloud and technology-related costs.
FNB has cut the price of car licence disc renewals in its banking app, the second time it has done so in a matter of months.
While South Africa is making progress under its market-led approach to open banking, a mindset shift is still needed.
Absa has launched ChatWallet in WhatsApp, giving users access to banking services directly in the messaging app.
FNB will continue to support a wide range of digital contactless solutions on mobile, including Samsung Pay and Google Pay.
FNB has partnered with Spar to offer some FNB clients up to 15% back in eBucks when they shop in-store with virtual cards.
Tyme Group could raise as much as $100-million in funding this year, propelling it into unicorn status.
New customer sentiment data about the South African banking sector has yielded intriguing insights.
As more South Africans seek alternatives to Eskom for a reliable electricity supply, the big banks have stepped in to help.