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Tag: banking

Beware of scammers: how to spot digital banking fraud

To prevent becoming the victim of fraudsters, it’s vital to be on guard, especially when using transactional, card-based accounts linked to cheque and savings accounts. "The Office of the Banking Ombudsman recently...

Capitec still sprinting

While the bigger South African banks have toned down their profit growth expectations in light of the morbid economic outlook for the medium term, Stellenbosch-based Capitec Bank continues to thrive. A recently...

4 technological advances that await South Africans in 2020

Technological advances never cease to amaze us. It seems like only yesterday that we had to disconnect the dial-up internet because we were waiting for an important call or we had...

Massive spike in banking fraud in South Africa

Combined gross fraud losses on South African-issued bank cards soared by 18% in 2018, compared to the previous year, and totalled an astronomical R873.4-million, industry body Sabric said on Wednesday. Sabric, or the...

South African banks rolling out new system to fight debit order fraud

In December 2018, a number of South Africans had been hit by a ‘mysterious R99 debit order’. While the full extent of the scam is not known, some estimates indicate that as many...

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Banking giant opens Aladdin’s Cave for all

ADVANCES in AI, internet technology and the rise of the smartphone are having a fundamental effect on business and how we conduct and interact...

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