South Africa’s largest banks are aggressively adopting automation to cut costs
Software service provider Avaloq said South Africa’s largest banks were scouting for options to help them automate internal processes to cut rising costs.
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Software service provider Avaloq said South Africa’s largest banks were scouting for options to help them automate internal processes to cut rising costs.
South Africa’s neobanking space is expanding, and OM Bank is leveraging its already powerful foothold in insurance and investment.
New data from TransUnion serves as a warning over the rampant surge in digital banking fraud, which has cost South Africans R2 billion.
The technology is already widely available; what matters now is how effectively businesses integrate it into their day-to-day operations.
FNB has announced its fees for the 2026/27 year, with the bank offering discounts at Engen, Clicks and Pick n Pay via eBucks.
While virtual cards are superior to physical cards in terms of security, they are not fraud-proof.
Ozow is evolving to provide merchants with access to all major payment methods through one integration.
Lesaka Technologies wants to challenge incumbent banks in South Africa through its agile, digital-first financial service offerings.
In the year that I have owned an electric vehicle, nearly all the electricity I needed to top up its battery was bought with FNB eBucks earned from petrol and grocery purchases.
GoTyme Bank has invited all its employees to share in the ownership of the digital lender, controlled by South African billionaire Patrice Motsepe, as it seeks to scale up operations.