Banking & Insurance

This year will see three areas in the financial services sector impacted by technology. These are customer relationship management, the processes of banking and...

The Intergovernmental Fintech Working Group (IFWG) has published a new blog on Open Finance, noting that South African regulatory authorities have started looking at open finance as it relates to their respective mandates.

The South African Reserve Bank’s decision to keep the repo rate unchanged at a record low of 3.5% and prime lending rate at 7% eases pressure on the ailing economy and debt burden for businesses and consumers.  This will help to support SMEs who continue to struggle financially due to the persistent impact of COVID-19, while trying to recover as quickly as possible.

Banking has changed vastly over the past few years, as new technologies emerge to change the way we transact. Non-traditional methods of transacting, such as the blockchain and mobile banking, have emerged, causing an influx of data from multiple sources.

Every South African should care about open banking. It would give consumers more control over their financial data and empower them to use the banking services that best meet their needs. Open banking promises to reinvent the way consumers view and interact with financial products and services.

New research provides crucial analysis and insight into South Africa’s proposed National Health Insurance and the dramatic, detrimental impact it will have on both the private and public health sectors. The research paper, 'An Overview of South Africa’s Health Assets and the National Health Insurance Policy', formed the basis for oral evidence provided to the Parliamentary Portfolio Committee on Health on the NHI Bill, prior to Parliament convening on the matter today.

The journey to joint home ownership can be an exciting one and may improve your chances of being approved for a home loan. However, whether you are financing a home as a couple (married or unmarried), as business partners or even as friends, a home loan is a serious and long-term financial commitment.

The permanent institution of a central bank came to the United States in 1913. Three unsuccessful attempts had been made before then. This institution was, and is, a banking cartel, which goes by the deceptive moniker, Federal Reserve.

Bank hackers, email phishing scams and identity theft are synonymous with fraud in the financial sector. According to a statement by the South African Banking Risk Information Centre (SABRIC), more than R 800 million were lost over the last couple of years in South Africa due to fraud.

Vehicle theft and hijacking are on the rise in South Africa. According to South African crime statistics, 5,119 cars were hijacked in the country in the first quarter of 2023 (57 cars per day) with the numbers rising in the last month of the quarter.