Banking & Insurance

Is digital money set to disrupt the banking industry? Natoshi Nakamoto – the creator of bitcoin – had a vision for the new age of commerce and that vision is being realised at a rapid pace as with all financial services, people all around the world desire financial platforms that are convenient, safe, reliable and trustworthy.

SABRIC, the South African Banking Risk Information Centre, urges consumers to be sceptical of any investment that seems too good to be true, to prevent being deceived by so-called investments that promise quick, high and guaranteed returns.

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.

Running a country with hard cash is expensive. Instead of devising new plans to make cash available, governments should drive the cashless shift by promoting and enforcing electronic payments, which will motivate citizens to open bank accounts.

Kele Boakgomo | Managing Director: Financial Services Practice | Accenture South Africa | mail me  |  The banking industry continues to experience disruption - by...

Lee Astfalck | Director | Norton Rose Fulbright | lee.astfalck@nortonrosefulbright.com | www.nortonrosefulbright.com | State capture, growing public discontent fuelled by social media at the activities...

Section 190(5A) of the Tax Administration Act, 2011 requires a bank to immediately report to SARS if it has a reasonable suspicion that the...

The insurance industry has been characterised as traditionalist and conservative - an industry that is slow to change with limited consumer reach. Technology innovations...

Banks set to lose the ‘offer’ as digital disruption continues to transform industry. Banks are finding it increasingly difficult to reach and ensure value to their customers in light of the challenge by existing and new fintech competitors who are muscling in on the ‘offer’ - the point at which a customer’s process of research and assimilation culminates in the customer acting.

The Department of Health has issued a White Paper on National Health Insurance (NHI). The paper, Gazetted on 30th June 2017, is available for download...