A cyberattack on several blood banks tried to raise temperatures to extremely high levels but was thwarted before it could do any damage to blood products or samples, French authorities said. The incident comes after supermarkets in a number of European countries reported that their fridges and freezers warmed up after they were remotely taken…
AI adoption inside large organisations still feels early, even though the hype is loud. Most teams have only had broad access to modern generative AI for a couple of years, so maturity shows up as “pockets of excellence” rather than a consistent enterprise capability. In regulated industries like banking, that gap is more visible because…
GoTyme Bank CEO Cheslyn Jacobs GoTyme Bank customers now originate about 26% of South Africa’s PayShap cellphone payments, the digital bank said on Thursday, as it challenged the rest of the industry to make instant payments free. PayShap, run by PayInc (formerly BankservAfrica), lets people send money between banks instantly. Payments can be addressed to…
Turning genuine purchases into revenue. Entersekt, which positions itself as a global leader in digital banking fraud prevention and online payment security, today announced enhancements to its 3-D Secure (3DS) offering to help merchants and issuers turn more genuine purchases into revenue ahead of the holiday shopping peak. When authentication gets stuck, the shopper who…
Customers who give an AI agent their banking login could carry the loss if something goes wrong, Absa has warned, as South African banks join their US rivals in keeping outside AI agents away from customer accounts. FNB, Discovery Bank and Capitec say they don’t allow third-party AI agents into customer accounts. Absa strongly discourages…
South Africa’s banks and cash companies say they are working with the Reserve Bank on its plan to white-label the country’s ATMs and bring privately run cash centres into a national utility owned by the central bank. Few will say what they have told it. TechCentral asked the main banks and cash-in-transit operators to respond…
AI is moving from experimentation into core banking, while payments and digital platforms become increasingly important sources of growth. (Image created via Gemini) South Africa’s major banks are embedding artificial intelligence (AI) deeper into their operations, as they shift digital transformation beyond technology rollouts towards measurable financial outcomes. According to PwC South Africa’s Major Banks…
Revolut’s application for a South African banking licence is progressing, and the company is still targeting a 2028 launch. That is a long wait in a market that keeps moving. By 2028 the app-quality gap Revolut exploits elsewhere will have narrowed, the newer entrants will have dug in and reform of the National Payment System…
For #WomensMonth, we speak to Standard Bank’s Linda Oniwe, senior vice president for technology, media and telecommunications (TMT) in corporate and investment banking, about her career in dealmaking, the role of technology in Africa’s development and the importance of creating opportunities for women in the sector. Linda Oniwe | image supplied With more than a…
VezoPay, the South African company behind a battery-free tap-to-pay smart ring, has quietly gone live with Investec and Absa, taking its roster of banking partners to four in under a year. A fifth major retail bank is expected to follow before the end of 2026. Neither of the new launches has been announced officially. Investec…
