Barely a month after the European Central Bank issued a major report on the topic, its president, Christine Lagarde, has said “her hunch” is that the euro zone could have its own electronic currency within two to four years.
Podcast | TechCentral spoke to Bank Zero co-founder and executive director Lezanne Human about its launch plans and what is involved in launching a new bank in South Africa from a regulatory and technology perspective.
Bank Zero has announced its account pricing as it edges closer to launch. The digital-only bank says “basic banking should be free and extras should be paid for – not the other way round”.
Standard Bank Group is planning to scale up some of its operations and further digitise its systems to fend off fintech firms encroaching on its client base.
But as digital payments become the norm, society is contemplating whether a cashless future may just be a reality. But is it achievable – or even desirable? By Nedbank’s Chipo Mushwana.
As of 1 January 2021, Nedbank clients will no longer be able to use cheques as a payment option. In an announcement on Tuesday, the bank said this is because few clients make use of the service.
Podcast | TechCentral’s Duncan McLeod interviews Absa Group CIO Wilhelm Krige about the mammoth project, now mostly completed, of separating the banking giant’s IT systems from former parent Barclays.
Promoted | Nedbank has made big strides with Nedbank Money App Lite, a smaller, less resource-intensive version of its banking app that’s built as “progressive Web app”. The bank’s digital channels head, Tawana Chatikobo, explains.
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.
Banking group Absa is transferring 32 members of its enterprise resource planning software team to Dimension Data.