Compuscan CRB was the first credit reference bureau to enter Uganda and celebrated many years’ success in partnership with the Ugandan government, the Bank of Uganda, various governing bodies and clients. In April 2019, the acquisition of Compuscan by Experian came into effect. One year on, we caught up...
Experian, one of the world’s leading global information services company, has appointed Ferdie Pieterse as the new Chief Executive Officer for Experian Africa. With extensive pan-African experience as an emerging markets executive in numerous C-Suite roles within the financial services sector, Ferdie is well-suited to driving Experian’s expansion into...
The arrival of Open Banking marks a revolution in how Europe’s banks and credit card providers manage and work with their customers. From affordability analysis and fraud prevention to income verification, it’s a root and branch change to their businesses. Coinciding with the second Payment Services Directive (PSD2) and...
Having formally become part of the European banking system in September 2019, Open Banking is enabling lenders to offer businesses and consumers a range of affordable and secure products – and it’s cutting decision times on financial solutions from months to days. PSD2 (the Payment Services Directive 2), which...
The new insights unwrapped by Open Banking are bringing fundamental changes to the payment and financial services industry. With its core objective of fuelling innovation in the market, its arrival is improving both the security of payments and the protection of customers. It appears Open Banking data could not...
In this season of giving, Open Banking now offers hope to all those small to medium-sized businesses facing financial exclusion across European, Middle East and Africa (EMEA). The numbers speak for themselves when it comes to the value SMEs contribute to our economic wellbeing. The OECD (Organisation for Economic...
Global money laundering losses are currently estimated to top US$1 Trillion a year, with stolen and illicit funds being used to finance everything from terrorism, the illegal drug trade, people trafficking and supporting criminals’ lavish lifestyles. But while the numbers and volume of losses speak for themselves, legislators across...
We partnered with renowned media personality Ms Winnie Kunene, to help raise awareness among thousands about financial literacy and ways to become more responsible with money and savings. The Know Your Money project included useful features in community newspapers and on radio, to highlight the importance of a good...
The era of so-called ‘Open Banking’ looks set to arrive in South Africa within the next five years, writes global consulting director Nick Tuttelberg. Regulatory change to deliver it has already been made in Britain, Australia, with Europe not far behind – so it’s only a matter of time before we...