Fintech

ITU 2018: African connectivity for local solutions

Africa’s first hosting of the largest telecomms conference in the world was an important opportunity for the industry to showcase South Africa to the 91 attending countries. Not just Durban’s beautiful foreshore and local cuisine but the innovation of a sector that Nelson Mandela urged in 1995 to work towards “information riches” for all countries.…

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Leaderex 2018: Agility, the future of banking and SME support

11000 people packed into the Sandton Convention Centre for Africa’s largest annual gathering of business leaders, professionals and entrepreneurs. Featuring over 250 talks and exhibitions at this year’s event it is a market place of ideas covering venture capital, education, digital, insurtech, AI, banking and much more. During the day I presented a talk on…

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FNB wins ‘Most Innovative African Bank’ 2nd year running

Grindstone Accelerator

FNB’s digital ‘platform revolution’ powers business growth and competitive advantage to win at Fintech Africa As a finalist in the Most Innovative African Bank competition, FNB presented some new products and platforms at the recent Finance Indaba held at the Sandton Convention Centre. We talked through how we’ve delivered and scaled these innovations to solve…

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Robotic Process Automation – coming to a job near you!

JP Morgan recently unveiled new internal technology that reviews contracts using machine learning which is faster and more accurate than any human lawyer. The software robot is called Contract Intelligence (COIN), it literally reads contract loan agreements and according to this article could save 360,000 legal hours annually at the global financial services firm. The…

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Retail Banking and Fintech

Retail Banking

The South African Reserve Bank (SARB) is responsible for banking regulation in South Africa and various Acts provide the legislative framework. To operate as a retail bank requires a license which is subject to the requirements of the SARB and a rigorous approval process. Requirements include holding sufficient capital to ensuring anti-money laundering processes, as well as putting…

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FNB Going for Gold in Telco Banking Race

A strategic step from SIM card to device; the bank’s affordable smart phone offering extends its already successful mobile strategy Truly mobile banking The first bank in South Africa to run a mobile network now also offers its own branded smart phones to low end consumers for whom “every cent counts”. Easy access to its powerful…

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Techpreneurs are flourishing in SA economy

Technology continues to drive job creation in South Africa.  Eight of the eleven finalists in this year’s FNB Business Innovation Awards make direct use of innovative IT in their products and services. From NicheStreem’s digital streaming platform to Guidepost’s software platform for disease management, software offers the game-changing industry disruption that all of these techpreneurs have…

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Wethinkcode and FNB: #feeshavefallen

The first peer to peer tertiary IT education academy in Africa was launched last night in downtown Johannesburg; it was a celebration of talent, partnership and possibility. The launch was held in one of the oldest, traditional banking halls of 1940’s Johannesburg, now converted to a world class venue. The colonialist architecture of 87 Commissioner Street was from the…

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FNB.Grad_Programme(tech_success)

Real world banking IT experience, cool tech and talent development; it’s all happening at FNB’s 2016 Grad Programme. “moveForward(100);” was President Obama’s simple machine instruction at the 2014 Hour of Code event which also made him the first US President to write a line of code. Computer science education officially became mainstream (again) and he reminded the…

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Banking and the real e-race

Exponential growth sets new standards and raises expectations by customers; many industries have been disrupted by this phenomenon and banking will be no exception. Transport, accommodation, retail and the media industries have all been disrupted by relatively new companies in a short period. Uber, Airbnb, Facebook and Alibaba dominate their markets with highly innovative and tech-savvy-customer-centric business models. They also don’t…

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