FNB is monitoring the remediation process and working to ensure customers did not suffer financial losses. First National Bank (FNB) has reversed duplicate virtual card transactions that appeared on some customers’ accounts over several days, following a settlement error involving a third-party acquiring bank. In a statement to ITWeb, the bank says the duplicate transactions…
First National Bank has been fined R1 million for breaching POPIA. First National Bank (FNB) says it has remedied its Protection of Personal Information Act (POPIA) compliance shortcomings that resulted in a R1 million administrative fine. The Information Regulator (InfoReg) this week fined the big-four bank R1 million after it determined that FNB contravened multiple…
First National Bank has been fined for breaching POPIA. The Information Regulator (InfoReg) has issued big-four bank First National Bank (FNB) with an infringement notice and imposed an administrative fine of R1 million. This, after the InfoReg determined that FNB contravened multiple provisions of the Protection of Personal Information Act (POPIA), following an incident where…
FNB Connect CEO Sashin Sookroo. Thirty percent of mobile virtual network operator (MVNO) FNB Connect’s digital sales are now eSIMs, as adoption and usage become more mainstream. This, after introducing the virtual SIM card in November 2024, to circumvent bill shock for customers after they activate roaming overseas. FNB Connect CEO Sashin Sookroo told ITWeb…
First National Bank (FNB) has officially expanded its wealth management ecosystem by integrating cryptocurrency trading into its share trading platform through a strategic partnership with local crypto exchange VALR. Starting from as little as R10, FNB clients can now buy and sell digital assets directly through the bank’s existing investment products, including Share Saver, Share…
On this episode of ITWeb TV, Dane Liebenberg, AI executive for FNB Retail and Business Banking, unpacks how the bank is assessing the value of its artificial intelligence investments through four key pillars. #AI #Banking #Fintech #ArtificialIntelligence #DigitalBanking As financial institutions move beyond artificial intelligence (AI) experimentation and begin scaling deployments, First National Bank (FNB)…
Capitec Connect and FNB Connect are sometimes set against each other as competing theories of what a bank should do with a mobile network. But the closer you look at the two businesses, the more alike they look. Both run on Cell C. Both sell only to their own banking clients. Both tier their rewards…
Ozow said the API-based approach removes the need for customers to share banking credentials or complete manual EFT processes. South African fintech company Ozow has partnered with First National Bank (FNB) and Rand Merchant Bank (RMB) to launch a payment API designed to improve account-to-account payments by replacing traditional electronic fund transfer (EFT) processes with direct…
Buried in the partner list of a new consortium building a dollar currency for the machine economy – backed by Visa, Mastercard, Stripe and BlackRock – are three familiar names: FNB, Absa and Nedbank. South Africa’s banks have quietly joined the most ambitious attempt yet to solve a problem the internet has ignored for 30…
FNB is partnering with the University of Johannesburg Business School to expand the 2026 FNB App Academy. (Image: Supplied) First National Bank (FNB) has partnered with the University of Johannesburg’s Business School (JBS) to strengthen the 2026 FNB App Academy programme. This will expand access to digital education and create new pathways for young people…
