Absa on Tuesday released a beta version of its new online banking portal that includes the first steps into personal financial management software.
The widget-based layout is fully customisable and will become the default digital platform for its clients in months to come. Adrian Vermooten, Absa’s deputy
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Absa says it is working on smartphone banking applications in the wake of the launch on Tuesday of its overhauled online banking platform. It says the new platform, which took two years to develop, is a necessary step to launching dedicated banking apps for mobile devices. Adrian Vermooten, Absa’s deputy managing
JSE-listed IT services company Gijima has warned it’s going to have to cut jobs to reduce its payroll costs by between 8% and 12%. As part of what it calls an “internal people optimisation strategy”, Gijima plans to “streamline” its operations and restructure its
Absa has withdrawn the notices of retrenchment given to its IT employees, finance union Sasbo said on Monday. “In a letter to Sasbo, the bank advised it would withdraw the notices of retrenchment sent to IT staff today [Monday],” Sasbo assistant general
Almost 140 Absa employees are being forced to resign from the company in order to circumvent a mass retrenchment, trade union Solidarity said on Thursday. “Employees at Absa were notified by e-mail this week that they will be retrenched on 9 June. This came in spite of Absa’s continued denial that
22seven is no longer in beta. It will offer users a 30-day free trial, after which the service will cost R70/month. There is no contractual commitment and users can opt out at any time. CEO Christo Davel says mobile applications are inevitable, but won’t commit to a timeline for their launch
First National Bank this week lifted the lid on a new payment mechanism that uses the GPS feature in modern smartphones. It won’t result in the much-hyped cashless society, but it could greatly reduce South Africans’ reliance on cash over time. The new payment feature, which is included in an update to
First National Bank is launching a new payment service that allows users of its mobile app to make payments to one another without needing to exchange banking details, provided they are near to one another. The service uses the GPS chips built into modern mobile devices, with authentication provided by the
“Today, tomorrow, goodbye.” This tagline, a cheeky version of Absa’s slogan, “today, tomorrow, together”, used by trade union Solidarity in its Stop Absa campaign this week, reflects the sweeping changes at the country’s second largest bank. Hundreds of staff were given retrenchment notices this week or asked to reapply for their positions, while some were given immediate marching
Absa on Thursday denied claims that it was firing 3000 staff members. “Absa confirms that there is no mass retrenchment being undertaken within the company,” spokesman Ajith Bridgraj said in a statement. “Absa has and will continue to evolve its systems and processes, which sometimes lead to very limited job losses