False declines become hidden profit killer for SA banks

False declines become hidden profit killer for SA banks

False payment declines are eroding bank revenue and customer loyalty. (Image created via ChatGPT) South African banks are losing significant amounts of interchange revenue as legitimate card transactions are increasingly incorrectly declined by outdated fraud detection systems. This is one of the key findings of a new report by payment technology provider BPC. It examines…

Read More
Starlink LEO rival gaining momentum

Starlink LEO rival gaining momentum

Eutelsat said on Friday it expects revenue to increase slightly next year as growth of more than 30% in its low-Earth orbit satellite business offsets declines in its legacy video operations. The company said in a trading update it expected to deliver slight revenue growth in 2027, compared with stable revenue in the previous year….

Read More
EU enforces new transparency rules under landmark AI act

EU enforces new transparency rules under landmark AI act

The European Union’s mandatory AI transparency regulations under Article 50 of the AI Act officially took effect on August 2, making Europe the world’s most prominent regulator of artificial intelligence. The new rules require content publishers to clearly label synthetic media and explicitly inform users whenever they interact with an AI chatbot or automated agent…

Read More
FSCA targets deepfakes in financial scams crackdown

FSCA targets deepfakes in financial scams crackdown

Artificial intelligence deepfakes have become a major financial crime threat. (Image source: iStock) The Financial Sector Conduct Authority (FSCA) is stepping up enforcement against artificial intelligence (AI)-powered financial scams, as deepfakes become one of SA’s fastest-growing regulatory challenges. The regulator’s newly-released Regulatory Actions Report for the 2025/26 financial year identifies online financial harm as one…

Read More
Google’s Gemini leadership team has left the building

Google’s Gemini leadership team has left the building

Demis Hassabis. Ludovic Marin/Reuters Google has announced a leadership overhaul of its AI division, with AI chief Demis Hassabis leaving his main managerial role and several leaders of its Gemini model, including veteran engineer Jeff Dean, departing the company. The shake-up comes during a pivotal juncture for Google DeepMind: the flagship version of its latest Gemini…

Read More
Ayaneo unveils Konkr Pocket Advance – a Game Boy Advance love letter

Ayaneo unveils Konkr Pocket Advance – a Game Boy Advance love letter

Arriving shortly after the 25th anniversary of the Game Boy Advance’s US release, retro hardware maker Ayaneo has revealed its latest handheld: the Konkr Pocket Advance. Designed as a modern tribute to Nintendo’s iconic horizontal handheld, the device pairs classic ergonomics with upgraded display technology, expanded controls, and contemporary connectivity. Read: WalletDoc to be acquired…

Read More
Three candidates sought for InfoReg membership

Three candidates sought for InfoReg membership

Advocate Pansy Tlakula, chairperson of the Information Regulator Parliament’s Portfolio Committee on Justice and Correctional Serviceshas invited nominations for candidates to join the Information Regulator (InfoReg). The portfolio committee seeks three members – two full-time and one part-time – for appointment, for a period of five years. In a statement, the committee says a list…

Read More
ICT is becoming the centre of gravity at Reunert

ICT is becoming the centre of gravity at Reunert

Anthonie de Beer and Rob Godlonton Anthonie de Beer has been group CEO of Reunert for five months, and he has already outlawed an excuse. “Don’t come and speak to me about the market or inflation or things are tough and the copper price and all that,” he told TechCentral at iqbusiness’s Geshidocon conference at…

Read More