In today’s ever-evolving digital landscape, the concept of consumer consent has taken centre stage for companies. Gone are the days when consent was assumed; today, the control is firmly in the hands of the consumer.
One would think the whole process of applying for a home loan would be immune to fraud. Not only does the bank providing the mortgage bond send an assessor to check the property, there is also a buyer, seller, estate agent and at least one lawyer involved – and there’s the bond registration process at the deeds office.
Shanaaz Trethewey is an inspiration, not only for her leadership and organisational capabilities but also her role as a woman in the tech space.
Internationally, open Banking has been seen as a financial revolution – bringing about ways for consumers to feel more empowered than ever before – enabling them to be vetted and easily gain access to what they need given their lifestyle needs.
Our COO, Shanaaz Trethewey, shares her opinion on the ongoing debate about the rising customer acquisition cost. Unplanned downtime, customer perception, the cost of sophisticated fraud detection, and the inspection of potentially fraudulent documents are the key costs yet to be quantified in this equation.
Biometric identification is nothing new. It has literally become a fabric of our everyday routine, with most of us having things like fingerprint recognition readily accessible on our cellphone. In the corporate world though, biometric identification plays a much more important role in fighting crime.
It’s hard to think of life without technology. From being able to stream movies on Netflix, asking Alexa to play our favourite songs or just being able to Google the weather, latest soccer scores or answers to life’s most puzzling questions – technology is playing a central role in the way we work, play, and …
One of South Africa’s major banks has partnered with Comcorp South Africa to implement a liveness detection solution into their banking app. This new collaboration will deliver a safe, seamless, and secure authentication experience for South African banking customers.
It is becoming patently clear that financial services are moving in a very specific direction from a technology perspective. The direction is towards Digital Identity, Open Banking, and Open Finance. For example, according to www.openbanking.org.uk there were 771m API calls in August alone in the UK.
Open Banking (OB) has become a buzzword spreading like wildfire across the globe. Recently in South Africa (SA) all sorts of companies and people are getting excited about OB and the way it is going to change the way we manage and transact our financial affairs.