Total IT spend at FirstRand for the financial year ended 30 June 2024 reached R19.3-billion, up 8% from 2023’s figure.
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FNB was hit by a system outage affecting a number of its services on one of the busiest days of the month.
First National Bank has appointed La-Cell Mouton as its chief information officer.
Cloud migration projects are making way in South African banks’ IT budgets for AI and cybersecurity.
FNB has warned that cybercriminals are exploiting new and sophisticated attacks involving digital wallets.
Many point-of-sale terminals in circulation in South Africa support only 2G and 3G networks and must be replaced.
MTN, Vodacom and Standard Bank are the most valuable brands in South Africa, according to Brand Finance.
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.
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.