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Tag Archives | Fintech

fintech

Naspers, Sanlam Private Equity make fintech investments

Naspers and Sanlam Private Equity (SPE) have invested in fintech firms recently, with Naspers Foundry investing R40 million in financial advice platform LifeCheq and SPE acquiring a controlling interest in payment solutions provider Q Link Holdings for an undisclosed amount. In a statement, Naspers said the investment was part of its R1.4 billion commitment to […]

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fintech

What does 2021 hold for Fintech?

“Each year, at AlphaCode, we use our vantage point of the fintech landscape to share what we expect this year. We had no idea last January that a whole new world awaited. One that would include global lockdowns, Zoombombing, covidiots, closed borders and quarantining,” Dominique Collett, head of AlphaCode, Rand Merchant Investments’ fintech division mentions […]

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Non-traditional data – Impact on the provision of financial services in South Africa

At the end of November 2020, the Financial Sector Conduct Authority (FSCA) published a research report on the impact of Non-traditional (Alternative) Data on the provision of financial services in South Africa. “Alternative data has grown in prominence in South Africa and is increasingly being used by Fintechs and traditional financial institutions in serving customers. […]

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Fintech Vision for South Africa – Progress update and Covid-19 impact

Earlier this year, the Intergovernmental Fintech Working Group (IFWG) Innovation Hub was launched to respond to changes in the financial sector driven by financial technology (fintech) and to promote responsible innovation in the sector. One of the recent deliverables of IFWG is a document that provides a forward looking, high-level vision for South Africa’s Fintech […]

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fintech

Launch of the Intergovernmental Fintech Working Group (IFWG) Innovation Hub

South Africa’s financial regulators have just launched an Intergovernmental Fintech Working Group (IFWG) Innovation Hub in response to changes in the financial sector driven by financial technology (Fintech) and to promote responsible innovation in the sector. “The Innovation Hub is intended to support the sector in introducing innovations that complement the core mandates of regulators, […]

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Fintech Reshaping the financial world – But what about you?

Reshaping the financial services industry by “removing market inefficiencies” sounds suspiciously like trying to eradicate human error. This raises the very serious question about the function of the financial advisor in the future. The latest RDR update made mention of research to categorise adviser functions, and to coordinate this with remuneration. We need to watch […]

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Fintech is the ‘new normal” – More than half of the customers are regular users

More than half of banking and financial services customers around the world use fintech products and services, according to a new global poll carried out by deVere Group. Of the 883 customers surveyed across Europe, Asia, Africa, Latin America and Australasia, 55% said that they “regularly use financial technology to access and manage their money”. […]

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FinTech – Insight into the South African players and facing challenges

RMB recently released the SA FinTech in motion Report. The paper looked at who the FinTech players are in South Africa as well as the ecosystem in which they operate. According to the report, the South African financial services sector is undergoing rapid change in the face of increased technological adoption and the accompanying consumer […]

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