Most of South Africa’s five largest banks are increasing their spend on IT – excluding staff costs – in single-digit percentages, their most recent full-year financial results show. However, Capitec – although not the biggest spender in absolute terms – bucked the industry trend by increasing its spend by 32% year on year for the…
Standard Bank on Tuesday launched a new virtual credit card with “advanced security features” that it said it has so much confidence in that it has made a 100% credit fraud protection promise to customers who use it. The bank said the virtual credit card includes a feature that lets clients use their banking app…
How a bank digitised, automated document output to unlock paperless savings and 100% compliance. Most vendors promise savings. This bank delivered them, to the tune of R48 million a year. With full audit compliance, no paper and zero dev bottlenecks, this is what real document automation looks like in financial services. From chaos to control…
Centenary Bank has been recognized with two prestigious accolades at this year’s Brand Africa Awards, including the most admired Ugandan bank and the Ugandan bank doing good in the community. Launched in 2011, the Brand Africa Awards remain the gold standard for ranking the most admired brands across the continent. This comprehensive, research-based survey spans…
Standard Bank has warned its clients of a rise of “spoofing” scams in recent months, where fraudsters use AI-generated voices and e-mails to impersonate bank officials. “These scams are increasingly difficult for customers to identify, as calls and e-mails appear to come from their banks’ legitimate contact details,” the bank said in a statement on…
Current scams look and sound more real than ever before, says Standard Bank. Standard Bank is warning the public about fraudsters that are using artificial intelligence (AI)-generated voices and e-mails to impersonate bank officials. The big-four bank has witnessed a rise in these types of spoofing scams in recent months. Spoofing is a deceptive tactic…
Standard Bank Group CEO Sim Tshabalala. Luc Gnago/Reuters Standard Bank Group said on Thursday that its CEO, Sim Tshabalala, would retire towards the end of 2027 in line with its leadership succession planning. The announcement comes after the bank reviewed its retirement age for executives and decided to increase the normal age from 60 to…
Ismael Belkhayat Interview with Ismael BelkhayatFOUNDER and CEO, CHARI Lives in: Casablanca, Morocco After building a property portal and a corporate transport venture, Moroccan entrepreneur Ismael Belkhayat, together with his wife, Sophia Alj, launched Chari in 2020 to give small shopkeepers a faster, simpler way to restock their shelves. Five years later, the business has…
Faith Burn, chief technology and operations officer of the Land Bank. Technology executive Faith Burn has been appointed as chief technology and operations officer (CTOO) of the Land and Agricultural Development Bank of South Africa (Land Bank). Established in 1912 and reconstituted in 2002, the Land Bank is a wholly government-owned agricultural development finance institution,…
The far-right minister said he will approve 3,000 new homes in the controversial E1 area project, hailing it as ‘Zionism at its best’. Israel’s far-right Finance Minister Bezalel Smotrich has announced he will approve thousands of housing units in a highly controversial and long-delayed illegal settlement project in the occupied West Bank, saying the move…
