AI foils R100m in fraud for Discovery Bank clients

AI foils R100m in fraud for Discovery Bank clients

Discovery Bank has deployed its AI assistant across payments and servicing, to improve on-boarding and query resolution. Discovery Bank has expanded its artificial intelligence (AI) capabilities across security, payments and customer service, while introducing new services across its digital banking platform. According to the digital bank, the updates form part of its next phase of…

Read More
Ex-Nedbank CIO Naicker joins Bank South Pacific

Ex-Nedbank CIO Naicker joins Bank South Pacific

Bank South Pacific group CIO Ray Naicker. (Image source: BSP) Former Nedbank group chief information officer (CIO) Ray Naicker has been appointed as group CIO of Bank South Pacific (BSP). In his new role, he will report to BSP group chief executive officer Mark Robinson. Naicker, who was also a member of the Nedbank Group…

Read More
Africa: World Bank Approves 0 Million to Transform Kinshasa’s Waste Management and Create Jobs

Africa: World Bank Approves $250 Million to Transform Kinshasa’s Waste Management and Create Jobs

WASHINGTON, April 28, 2026–The World Bank’s Board of Executive Directors approved $250 million in financing for the Kinshasa Urban Transformation and Jobs Program — known as Kin la Belle — to improve solid waste management services and create inclusive employment opportunities in Kinshasa. The program is a cornerstone of the World Bank Group’s comprehensive support…

Read More
GoTyme Bank in mall expansion drive after Pick n Pay exit

GoTyme Bank in mall expansion drive after Pick n Pay exit

Mall expansion replaces Pick n Pay kiosks as GoTyme scales hybrid banking. Digital bank GoTyme, formerly TymeBank, is ramping up its expansion into shopping centres, as it accelerates its hybrid ‘phygital’ model built around setting up mall-based customer hubs. The move forms part of a strategic shift in how the ‘neo bank’ engages customers, positioning…

Read More
Standard Bank data breach fallout deepens

Standard Bank data breach fallout deepens

Standard Bank has acknowledged that client data stolen in a cyber incident first disclosed on 23 March 2026 “now appears to have been published” online, marking a significant escalation in what appears to be one of South Africa’s most serious financial services data breaches. The data involved includes client names, ID and company registration numbers,…

Read More