Sen. Jim Banks says Rep. Max Miller should drop his re-election bid if allegations are true

Sen. Jim Banks says Rep. Max Miller should drop his re-election bid if allegations are true

Sen. Jim Banks, R-Ind., told NBC News’ “Meet the Press” Sunday that embattled Rep. Max Miller, R-Ohio, who is facing abuse allegations, should drop his re-election bid and resign “if the allegations are true.” Miller’s ex-wife Emily Moreno, the daughter of Republican Sen. Bernie Moreno of Ohio, accused the congressman of domestic violence. Miller has…

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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significant amounts of interchange revenue as legitimate card transactions are increasingly incorrectly declined by outdated fraud detection systems.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…

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How Optasia lends billions to people banks can’t see

How Optasia lends billions to people banks can’t see

Optasia CEO Salvador Anglada Optasia will distribute more than US$6-billion in credit across its markets in 2026 – and it carries every cent of the default risk itself. In this episode of the TechCentral Show, CEO Salvador Anglada unpacks how the JSE’s biggest recent fintech listing actually works. Formerly known as Channel VAS, Optasia was…

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Banks face stricter AI scrutiny as regulator sharpens focus

Banks face stricter AI scrutiny as regulator sharpens focus

Banks face heightened scrutiny as regulators respond to growing risks posed by AI, cloud services, cyber threats and digital transformation. (Image created via ChatGPT) South Africa’s banks and fintech firms are facing tighter regulatory scrutiny, as the Prudential Authority (PA) steps up oversight of artificial intelligence (AI), cloud computing, cyber security and digital operational resilience…

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The clock is ticking on South African banks’ biggest advantage

The clock is ticking on South African banks’ biggest advantage

South Africa’s convergence war has been fought on two fronts simultaneously: Mobile operators have pushed into financial services – payments platforms, digital wallets, money transfers and insurance. Banks have pushed into connectivity – mobile virtual network operators (MVNOs), airtime, data the phone number as an anchor for the customer relationship. The previous two pieces in…

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