Debit order fraud: Banks get more time to fully rollout system to oust scamsters

2019-01-20 12:22

Banks have been given a 12-month extension to fully implement the DebiCheck system which is meant to stem out rogue debit orders.

Saudis said to seek advisers for biggest bank merger since 2016

2019-01-02 19:04

National Commercial Bank and Riyad Bank are seeking advisers for a potential merger that would create the Gulf region’s third-biggest lender with $182bn in assets.

Why holiday spending makes it easier for fraudsters to scam you

2018-12-25 07:53

Holiday spending always makes it easier for fraudsters to steal your money - for two main reasons, says Britespark Communications.

Sygnia CEO Magda Wierzycka facing complaint of attempted extortion

2018-12-11 18:50

A complaint of attempted extortion has been laid against Magda Wierzycka, CEO of asset management company Sygnia, by African Equity Empowerment Investments Limited.

Experts predict the five big fintech trends of 2019

2018-12-10 20:46

According to the fintech pros surveyed by Bloomberg - more deals, swirling IPO rumours and a continued steady stream of checks from venture capitalists. Here’s a wrap from industry experts.

New York state said to probe abuses in small-business lending

2018-12-03 21:27

New York’s attorney general has opened an investigation into potential abuses by finance firms that offer quick money to small businesses nationwide.

FNB targets SA townships with fintech deal

2018-11-27 22:27

First National Bank and a startup financial-technology company in South Africa are partnering to connect informal traders in townships with fast-moving consumer-goods companies.

Absa's retail strategy takes shape to knock threat of new banks

2018-11-23 07:06

As the fight for dominance of South Africa’s retail-banking segment hots up, Absa is considering a change in tactics to boost revenue.

Retired Mediclinic CEO appointed to Capitec board

2018-11-16 14:35

Capitec announces that Danie Meintjes has been nominated for appointment to the boards of Capitec and Capitec Bank.

App-driven Bank Zero sets its sights on (almost) anyone with a smartphone

2018-11-14 12:43

Business customers and individuals with access to a smartphone will be equally important to the app-driven Bank Zero Mutual Bank, which is set to launch next year.

 

Absa strikes alliance for pan-African banking service

2019-01-18 19:51

Absa has formed a partnership with Société Générale for a pan-African wholesale banking service.

China to speed up approval for foreign-owned financial firms

2018-12-28 11:31

China will speed up approvals for securities firms and fund-company joint ventures in which foreign investors have majority stakes, a senior official said, another sign that policy makers are pressing ahead with efforts to open up the country’s financial system.

Capitec beefs up fight to stop debit order fraud

2018-12-12 16:05

Capitec has lowered the minimum value that triggers an SMS notification for clients to be made aware of small debit orders from their accounts in an effort to fight unauthorised transactions.

SARB partners with UCT to enhance understanding of financial stability

2018-12-11 16:06

The SA Reserve Bank will partner with the University of Cape Town to host a Research Chair in Financial Stability Studies.

FirstRand takes a leaf from Amazon's book to capture consumers

2018-12-10 08:54

FirstRand is emulating Amazon.com with a digital offering that will span everything from insurance, car license renewals to locating plumbing services as the South African bank chases new revenue sources.

Viceroy Research is a `hit squad,' - Kganyago

2018-11-30 17:21

Viceroy Research, is profiting unethically from its reports and has escaped sanctions from local regulators because it is domiciled elsewhere, said Reserve Bank Governor Lesetja Kganyago.

Regulators will engage with insurers following Momentum fiasco

2018-11-23 15:32

The Financial Sector Conduct Authority will engage with the sector to map a way forward, following developments at insurer Momentum.

Capitec gets nod to buy Mercantile Bank

2018-11-22 16:41

The Portuguese Council of Ministers has approved the sale by Caixa Geral de Depósitos of its entire stake in Mercantile Bank to Capitec Bank.

Discovery to give better banking rates to smartest clients

2018-11-15 10:13

Discovery’s new banking unit will reward customers for their 'good' behaviour, applying a similar strategy to that used by its health-insurance operation.

African Bank bets on 'near-free' family banking

2018-11-14 12:42

African Bank believes it will be able to compete with the Big Five banks once its MyWORLD cheque account is launched to consumers early next year.

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