online banking Archives - AfricaBusiness.com

21Nov

By Africa BusinessNo Comments

Fintech

Digitisation as Africa’s Great Equaliser in Financial Services

By Saviour Chibiya, Chief Executive of Absa Regional Operations (ARO) Access to financial services in Africa had for decades been defined by disparities—between rural and urban areas, between men and women, between small businesses and larger enterprises. It meant that millions, especially the continent’s most vulnerable populations, were excluded from the formal economy, curbing entrepreneurship, restricting access to credit, and stifling upward financial mobility for far too long. But by the turn of the millennium, change was afoot. Early web pioneers like Ghanaian professor Nii Quaynor, often hailed as "Africa’s father of the internet", were busy laying the groundwork for the continent's foundational online infrastructure. In 1994, Quaynor introduced Ghana’s first internet service ...

27Sep

By Africa BusinessNo Comments

Business, Fintech, Interview, South Africa News

PLATFORM BANKING AND OPEN BANKING: why it’s the next big thing for banks and their customers

Incumbent banks are starting to look to “platform banking” to stay relevant and loved by customers. But what is platform banking in the first place? And why is it a good thing for society? Anthony de Gray Birch, co-founder and Chief Operating Officer (COO) of Direct Transact, South Africa’s biggest banking enabler of the past 20 years, explains how the banking business is evolving and how smarter, friendlier digital platforms will change the game for the finance industry and its customers. What is platform banking and how can it change the game for banks? Established banks always run on top of multiple legacy systems that were patched together over the years. In fact, many well-known banks still run on decades-old mainframe technology with near extinct code that is very hard to maintain....

9Aug

By Thabo MpeleleNo Comments

Main, Nigeria News, South Africa News

Africa Presents Unique Challenges for Multinational Corporations

Thabo Mpelele, Sales Manager: Southern & Eastern Africa, Orange Business Services Despite being plagued by economic uncertainty and socio-economic issues, Africa remains a promising long-term growth opportunity for business; with multinational corporations (MNCs) the world over continuing to enter into the region. When drawing up development and expansion plans any enterprise is faced with the fact that the African region presents unique challenges for those operating within its borders. Consumer Growth Consumer growth is a global phenomenon, and it most certainly has high importance for MNCs entering and operating in the African region. In two of Africa's fastest-growing markets of South Africa and Nigeria, as well as other markets in Africa, consumers are looking to acquire advan...

24Oct

By Africa BusinessNo Comments

African News, South Africa News

African Mobile Banking sector shows great promise

By Thandisizwe Mgudlwa So James Alt, the risk advisory senior manager at Deloitte Cape Town believes that the big corporate companies utilise innovation to produce cutting edge solutions for new technologies in order to remain market leaders. Where development of these new technologies is outsourced to service organisations, corporates are faced with a set of risks associated with the outsourcing model that need to be managed. Global research confirms that the growth of the African mobile communications market and the continent’s reliance on mobile telephone technology has opened up a market for innovative entrepreneurs to develop applications and tools to improve the lives of people and help companies reach their target markets. At the forefront is the leading role Africa is t...