Standard Bank raises alarm over AI-driven fraud

Standard Bank raises alarm over AI-driven fraud

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…

Read More
Standard Bank sounds alarm over AI-generated scams

Standard Bank sounds alarm over AI-generated scams

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…

Read More
Standard Bank CEO Sim Tshabalala to step down in 2027

Standard Bank CEO Sim Tshabalala to step down in 2027

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…

Read More
Ethereum price set for further big gains: Standard Chartered

Ethereum price set for further big gains: Standard Chartered

Standard Chartered has raised its year-end target for ether to US$7 500 from $4 000, citing improvement in industry engagement and uptick in holdings of the cryptocurrency in recent months. The brokerage’s new year-end target represents a premium of near 60% from ether’s more than 3-1/2 year high of $4 700 on Wednesday. The world’s second largest cryptocurrency…

Read More
Standard Bank brings STEAM coding challenge to KZN

Standard Bank brings STEAM coding challenge to KZN

The Kuunda STEAM hackathon targets under-resourced schools to ensure no learner is left behind. Standard Bank Group, in partnership with the Kuunda Disrupt Programme and Gordon Road Girls’ School, has launched the science, technology, engineering, arts and mathematics (STEAM) coding challenge in KwaZulu-Natal (KZN). According to a statement, the initiative brings together 21 quintile level…

Read More
Africa: Rwanda Is Setting Standard for Sports Infrastructure in Africa – Masai Ujiri

Africa: Paymenow Gets $22.5m Facility From Standard Bank for Africa Expansion

TLDR South African earned wage access startup Paymenow has clinched a ZAR400 million ($22.5 million) working capital facility from Standard Bank Founded in 2019, Paymenow provides employees with real-time access to earned wages, helping them avoid payday lenders and improve their financial wellness The Stellenbosch-based startup previously raised a ZAR250 million ($14 million) debt facility…

Read More