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.
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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.
Standard Bank said on Thursday that system problems have caused some its customers to have card transactions deducted from their accounts more than once.
First National Bank has launched its Virtual Card offering to all customers after a period of beta testing. The bank believes this will make both online and physical payments significantly safer and more convenient.
Barry Hore, the technologist who has led Discovery Bank since its inception, is stepping down. Long-serving Discovery executive Hylton Kallner will replace him on 1 January.
An Absa employee accused of leaking some of the bank’s South African customer data to third parties provided the information, which included credit card numbers, to several third parties in return for payment.
Promoted | In this podcast, TechCentral talks to African Bank CIO Penny Futter and the bank’s executive of credit and data science, Vere Millican, about their decision to deploy advanced speech analytics software from CallMiner.