banks

Taxman sets sights on banks over roles in organised crime The head of South Africa’s revenue service said it will ramp up efforts to target lenders and advisers who may be “professional enablers” of organised corruption and financial crimes to combat illicit capital flows and tax evasion. “It...

Cyberattack forces major banking business on Wall Street to record transactions in spreadsheets Another cyberattack against the unglamorous platforms underpinning Wall Street left one of global banks’ biggest businesses falling back on an old-fashioned method of doing business...

I'm a non-SA national. I've got a valid visa and foreign passport, but not the SA ID, which obviously only SA citizens are entitled to. I have an FNB Aspire account with a debit card. I always like to live on only what I have. To date, I have never even realized the need to build a credit...

I want to find out which bank uses which credit bureaus to assess your credit risk. I would like to apply for a credit card but my XDS and Experian(Mycreditcheck) is in the red whilst my Transunion and Experian(Mycreditexpert) are looking very good. I have exhausted all options to fix my...

Half a billion to replace South Africa's looted ATMs South Africa’s major banks are expected to spend millions on replacing hundreds of ATMs damaged or destroyed during looting earlier this month. Speaking during a media briefing on Thursday, the Banking Association of South Africa (BASA)...

South African banks and ATMs looted Nedbank CEO Mike Brown says 37 of their bank branches and 112 ATMs have been vandalised or looted. Speaking to Biznews, Brown said they could currently not get to these facilities to determine the extent of the damage. “All we know at the moment is the...

How banks are helping South Africans cope with the coronavirus lockdown FNB recently explained how its credit insurance and cash flow relief products work for South Africans affected by the COVID-19 pandemic. FNB’s Credit Life insurance is designed to help South Africans pay their loan...

South African banks battling over scarce IT skills in South Africa South African banks are at battling to find qualified IT professionals and are competing with each other over a dwindling supply of skilled workers, according to a report in the Sunday Times. Standard Bank, Absa, Nedbank, and...

Banks entice South African millennial with rap and free food From free burgers and ride-hailing services to hip-hop concerts and discounted gasoline: South African banks are going all out to win customers as competition hots up. The biggest lenders are facing an onslaught of entrants for the...

How secure contactless cards are in South Africa Banks in South Africa have been rolling out “tap and go” technology for some time.

Why South African banks are building a national blockchain together South African banks are collaborating to develop a sovereign blockchain for the country.

Major US banks fail security and privacy tests The 2017 Online Trust Audit & Honor Roll report shows that 65% of major US banks failed web security and privacy tests.

Hi Everyone, My understanding is that the banks use a specific method of scoring an individual when applying for a bond. Does anyone know how the scoring model works? I remember someone explained in a post, but I cannot seem to find the post :(

Big security flaw in cellular networks used for Internet banking fraud A security vulnerability which exists in cellular networks allows cyber criminals to intercept SMSs and clean out a victim’s bank account through Internet banking fraud.

I recently tried to get a bond for my house, shock, horror I got turned down due to my credit score. How could this be as I had a good score. I then investigated and found that the banks have their favorite companies, namely TransUnion and Compuscan, whilst I got my score from XPS. So I...

Banks are scared of blockchain: Law experts Blockchain – the technology that underlies cryptocurrencies such as bitcoin – is grabbing the attention of banks, says a prominent local law firm.

I have an LG G4 Beat that I upgraded to Marshmellow. After that the internet banking authentication. I have tried with ABSA and Nedbank and get the same error. The phone beeps like it got a message but no white box shows up. I have contacted Vodacom and they say it is a banking problem or a...

SA banks face increasing risk of cybercrime Local banks are investing in cybercrime defence as financial institutions globally face an increasing trend of cyber theft.

Banks will become more like telcos: Michael Jordaan Former FNB CEO Michael Jordaan said that banks will become more like telecoms companies, while telcos are trying to muscle into banking.

I've been with Nedbank for a while now, I'm considering opening a second bank account (with another bank) specifically for zero/reduced ATM fees and a reduced monthly charge. When you analyze the cost of drawing money from an ATM, the benchmark is 1% of the cost of the withdrawal, which is...