Open banking could make payment systems obsolete

Those who believe that ‘tap and go’ credit cards are the pinnacle of banking payment solutions are in for a big surprise. Chris Michael, a UK-based payments specialist and head of technology at Open Banking UK, says that developments in open banking APIs could render...

Why an independent, high-tech SARB is vital

Lower costs and better access to investment are fundamental for growth and jobs. Those advantages become reality when you apply the appropriate technologies. But technology can be risky and everyone prefers a stable hand to help guide the process. The South African...

Cryptocoins and their revolutionary architecture

Investment experts have often sceptically dismissed cryptocurrencies as excessively volatile. Technologists have described them as revolutionary. Who is correct? Will cryptocurrencies become a mainstream asset class? By Stéphane Monier, chief investment officer at...

Africa’s hottest payment trends

Ever since the Lydians – the ancient civilisation in Western Asia that first used coin-based monetary systems in the 5th century BC – we’ve been creating payments infrastructure that connects buyers and sellers. By Sreekanth Kodumur, GM: banking and financial services...

Tap and go: yes or no?

Contactless card, or “tap and go”, payments are slowly gaining popularity as more banks and retailers adopt this method of payment. Shoppers with the technology-enabled cards are benefitting from the speed and convenience that contactless payments offer. However, with...

The evolution of the claims handling process

Technology has come a long way in terms of the efficiency in handling healthcare claims since the early 1990s. Through the development of specific coding systems and ever more advanced rules engines and algorithms, artificial intelligence and human clinical expertise...

Mobile makeover for next-generation banking

A new generation of bank customers will bypass physical branches and banking via the web almost completely in favour of completing transactions and accessing services from their mobile devices. Financial institutions are already scaling back branches and automating...

Digital shake up in financial services

Financial services (FS) organisations increasingly rely on “realtime” information – about their customers, products, services, market, regulation and even competition – as part of their ongoing efforts to become more connected, digitally enabled and...

Fintech, agribusiness top investors’ choices

African private equity and venture capital deal-making in April were dominated by investments in technology companies, particularly fintech and business-to-business platforms, together with encouraging activity in the agribusiness and food sector. This according to...

Fintech innovation an SA revelation

South Africa is often described as a land of extremes, especially when it comes to cash and fraud. Chris Ogden, CEO of RubiBlue examines the value of solutions that allow for the movement of cash and cash payments while mitigating fraud In 2017, The South African...

Digital trends driving insurance in Africa

The past few months have seen digital becoming more integrated with industry sectors across Africa. But it is the data-rich environment of insurance that has especially benefitted from this with several trends emerging that impact on the effectiveness of its delivery...

Your bot will see you now …

Next time you contact your insurer there is a good chance that you will be dealing with artificial intelligence (AI). Insurers are starting to use intelligent computers to give advice and speed up the process of buying insurance and paying claims. Virtual underwriters...

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