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...
In an effort to aid overburdened low-income citizens, on 15 August 2019, President Ramaphosa signed the National Credit Amendment Act, 7 of 2019 which brings about debt relief interventions for overly indebted consumers. Qualifying consumers can extract themselves from over-indebtedness by applying for debt intervention at the National Credit...
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...
Hundreds of students from 60 schools in and around Johannesburg’s Gauteng province are being equipped with the knowledge, know-how and skill-set to help them make better-informed credit decisions as they approach adulthood. We’ve joined forces with South Africa’s Credit Bureau Association (CBA) and the National Credit Regulator (NCR) as...
With all the new banking entrants coming into the SA market this year, it is surprising that only one of them has publicly stated that they will specifically target the SME market, writes global consulting director Nick Tuttelberg. The others seem to be more focused on poaching business from...
Missed our latest in-depth industry fraud webinar with consultant Frédéric Dubout? No problem – simply click on the link below to watch the recording in full. Your customer engagement can be enhanced without increasing complexity, cost or fraud risk. Success hinges on leveraging every potential type of data set...