Swift tests blockchain for cross-border payments

Swift tests blockchain for cross-border payments

Swift has launched a proof of concept (PoC) to explore whether distributed ledger technology (DLT) can be used by banks to improve the reconciliation of their nostro databases in realtime, optimising their global liquidity. Under the current correspondent banking...
Mobile banking: The current revolution?

Mobile banking: The current revolution?

Mobile banking is no longer a “business opportunity” for banks. It’s an imperative. With over 1 billion users already transacting across the globe in 2015 (according to IDC), demand is set to continue to grow – cutting across both developed and developing economies....
The HSBC transformation journey

The HSBC transformation journey

Kathy Gibson reports from Huawei Connect in Shanghai – HSBC is a 15-year old bank, with aspirations to be a world-leading financial services institution. But it needs to offer new and innovative services through new channels if it wants to survive and thrive. “Going...
Finance: Exploring new world of Blockchain

Finance: Exploring new world of Blockchain

By Lee Naik, MD of Accenture Digital SA If the previous decade was the age of mobile banking, the next looks set to be the era of Blockchain. Its decentralisation and community-based assurance means it allows for faster and more secure transactions, comprehensive...
Africa’s growing mobile market at risk

Africa’s growing mobile market at risk

With mobile ownership in South Africa and Nigeria now as common as it is in the US, the continent is rapidly gaining ground as the new frontier for mobile.  Its young population, ready to embrace the new mobile innovations and technologies, has attracted the attention...