The Banking system and digitalisation, transformation imminent!

I am not sure or convinced that it is the banks’ duty to be the “police” of illegal activities supposedly facilitated through the banking system – and without compensation. I see increased resistance by the banks to perform this very expensive role on behalf of the governments and surrounding powers. I would love someone to […]

Financial Inclusion – the fight is still on!

With over 1.7 billion unbanked individuals worldwide financial exclusion and it’s impact is evident as people are being denied affordable financial products and services that meet their needs and enables them to be participants in an increasingly digital world. We are still fighting for financial inclusion as a birthright. It simply is not right at […]

Digitise or die – the importance of digitising in 2020

It has never been more important than now for financial institutions to embrace digitalisation. Even the Americans – who some would argue are a little behind the innovation curve in Banking – are accepting the fact that customers are willing to change banks in pursuit of a better and more seamless digital banking experience. “Developing […]

The end of a decade and future banking trends

Banking has changed significantly over the last 10 years. People have slowly but surely realised that banking can be done without physically visiting branches, something which we predicted back in 2005. We have also watched as the move towards using less and less cash continues to gain momentum, as mobile and online banking take the […]

As the world becomes more digital so the criminals become more active.

It is a harsh and sad reality that every bank in the world is struggling to implement processes that counter the massive increase in fraud but at the same time ensure that the customer is not inconvenienced beyond frustration. Biometrics is perhaps the ultimate in convenience in that I do not have to remember anything. […]

Sim Swap Fraud Risks Explained!

Sim Swap Fraud is one of the major issues in fraud today. This article published in Fox News highlights this: Beware of creepy ‘SIM swap’ fraud that lets hackers take over your phone and steal your money. Click here to read the full article: First you need to understand the problem:Your WhatsApp account is […]

WIZZIT Authenticator is PCI-DSS Accredited

Consumers are demanding safe, secure and convenient payment methodologies. The challenge has always been how can we securely communicate and transact with our customers on an instant messaging platform at the same time offering a seamless user experience. WIZZIT has built the first, globally patented “PCI-DSS accredited” authenticator which provides Banks/FSP’s/Retailers/Governments/MNOs/Gaming agents the ability to […]