Finance Trends 2021

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A challenging year lies ahead as digital economy evolves

New banking regulations, digital consumers, the eradication of passwords, contactless technology - these are just some of the trends that will shape financial services and payments in 2021...

By Gerhard Oosthuizen 14 Jan 2021

Retail banks need to beef up their offering or risk losing 15-25% of their revenue

Regulatory changes, rising customer expectations, new competition, and technological advancements are weakening the daily interactions that cement the relationship between banks and their clients...

By Tijsbert Creemers-Chaturvedi 5 Jan 2021

Issuing, acceptance, collection of cheques to cease from 31 December

Following a joint announcement by the SARB, FSCA, PASA and BASA, the issuing and acceptance or collection of cheques will cease from 31 December 2020...

29 Dec 2020

Tap, tap, tap and grow

It has been a year of reckoning: a year that lit a fire beneath online payments in South Africa, transforming e-commerce while creating immense economic pressure...

By Karen Nadasen 22 Dec 2020

#BestofBiz 2020: Finance & Insurance

What a year 2020 has been! So, we've curated the year's most popular articles, most-read contributors and brand press offices with the most views on Bizcommunity's Finance & Insurance platform into our #BestofBiz2020 list...

14 Dec 2020

IBOR reform has significant implications for SA's financial industry

The planned discontinuation of the London interbank offered rate (Libor) as a benchmark has significant implications across the financial industry, as this is the benchmark for interest rates charged in many countries

By Khurshid Fazel 11 Dec 2020

3 contributors to dynamic banking partnerships

Many of the new, dynamic and nimble digital ecosystem, which have touched very sphere of banking and financial services, are the result of an alliance between fintech players and more established, traditional banking partners...

By Andy Jury 11 Dec 2020

Anti-money laundering can never be a tick-box exercise

Anti-money laundering (AML) compliance should not merely be a tick-box exercise for financial institutions, as it not only exposes the organisation to the risk of hefty non-compliance penalties and reputational damages...

By Sumit Kumar Sharma 2 Dec 2020

Prevention is better than a cure!

The world is currently experiencing one of the worst health pandemics since the Spanish Flu in 1918. Not only has this had an impact on the health infrastructure of many countries, but it has resulted in economic turbulence in many markets with the looming potential of a global economic downturn if recovery efforts are not speedily implemented...

Issued by Bullion PR & Communication 25 Nov 2020

The OBS celebrates excellence at its 2020 Awards

We are living in a world that is in a constant state of disruption. In this world, trust becomes a vital component of any relationship...

Issued by Bullion PR & Communication 24 Nov 2020

Capitec launches new QR code payment functionality

The new addition was fast-tracked during the pandemic as it allows clients to pay without touching any surface other than their own phone. Payments can be made at till points, restaurants, for parking and for online shopping - as vendors across the country adopt the technology...

24 Nov 2020

Cellulant, Entersekt partner to strengthen security on mobile banking platform

The partnership will further enhance Cellulant's cybersecurity by proactively securing its digital banking channels and guarding against digital banking and payment frauds...

24 Nov 2020

Brexit closes Brit expats' bank accounts

Many of the 1.8-million British expats living in Europe will have their UK bank accounts closed imminently because of Brexit - and they should urgently seek alternatives to "sidestep avoidable issues"...

13 Nov 2020

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