It’s imperative to know how to navigate today’s digital banking landscape
A differentiated segment of financial solutions available to all consumers
It is time to develop policies that safeguard Africa’s technological sovereignty in finance
African Bank’s open listing offers a good example of how direct black ownership in the financial services sector can rise above the stubborn 25% minimum agreed upon by the Financial Services Charter in 2010
With fewer people visiting branches, opting to seek services online, something has to give
A government could program its cryptocurrency with whatever features it deems necessary. It would allow states to control what money should be spent on, where it could be spent, when or even by whom
Arrie Rautenbach has been appointed to head up the banking group more than a year after his predecessor’s sudden departure
The bank has been on a journey of digitalisation, moving from cash to card payments
Basani Maluleke will join the innovation team to find ‘the next big thing for Capitec’
The Banking Association South Africa’s report on transformation in the financial sector also found that black women voting rights reached its highest level since 2016
Deon Raju has been appointed as the bank’s chief risk officer and Parin Gokaldas take over as Absa’s treasurer
But the South African Revenue Service doesn’t yet have the skills and multiple users to adopt it
Technology used in cryptocurrency will overhaul the banking sector and cater for the unbanked
Shareholder engagement on climate-crisis risks is an proving effective tactic to bring about change
The sector was badly hit by credit losses, but strong capital buffers have kept it from spiralling
Meet Gardi Koko and Navy Malela, the two whistleblowers who risked everything to raise the alarm
On 5 February Nigeria’s central bank banned crypto transactions, but industry analysts are confident the sector will find a workaround.
Digital and mobile offerings have the potential to disrupt the banking industry in South Africa
Banks aren’t following procedure in selling the primary dwellings of people whose properties are in foreclosure. But changes to the rules brings hope
Some observers say central banks can best mitigate risks to their independence by returning to the narrow price-stability mandate
Several new entrants will spark a war of attrition rather than a full-frontal assault and customers will be the winners
The bank’s vision is to be a trusted money manager
A decade ago the sector was lauded for emerging unscathed from the global financial crisis and avoiding the risky investments that doomed their peers
A single brand will improve the customer experience
Financial inclusion is loosely thrown around but pressure is mounting for government and the private sector to respond with solutions that can deliver
Many argue such banks will allow the unbanked entry and offer appropriate banking products and services, including to small and medium enterprises
The fallout over the Guptas has to be separated from genuine concerns about the financial sector.
The big four banks have managed to grow earnings impressively, but enormous challenges remain as SA’s economic outlook continues to deteriorate.
The formal banking systems are still not serving, or are underserving, all South Africans.
South African women are more money-savvy than they used to be with more bank accounts than men, but they still earn less than their male counterparts.
The Basel III global reforms to strengthen bank supervision and regulation are kicking in, affecting how finance can operate elsewhere in Africa.
Online retail giant Alibaba is launching MYbank, an online lender, and Chinese banks are pushing back with online malls.