Lesaka Technologies has agreed to buy the digital bank chaired by former FNB CEO Michael Jordaan for R1.1-billion.
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The Reserve Bank has simulated disaster scenarios aimed at keeping the financial system functioning in a crisis.
Change Logic played a pivotal role in the successful deployment of BankservAfrica’s highly successful PayShap.
Holding victims hostage and cleaning out their bank accounts is not as risky as a cash-in-transit heist.
The bank’s systems were offline following planned maintenance the night before that went awry.
Criminals are increasingly using extortion, e-mail and text scams to target South Africans, Standard Bank has warned.
Suspects allegedly used “specialised software” to steal about R7-million in cash from Western Cape ATMs.
René van Wyk will succeed Sello Moloko as chairman of the Absa board, subject to regulatory approval.
Tokenised bank cards are expected to take over, but several factors may keep physical plastic alive for a while yet.
South Africans are increasingly turning to virtual bank cards for digital transactions in a bid to combat fraud.