standard bank
The Real Cost of Not Engineering for Agility
Natasha Anderson, Practice Lead: Software Engineering Standard Bank Group. /* custom css */ .tdi_4_2a2.td-a-rec-img{ text-align: left; }.tdi_4_2a2.td-a-rec-img img{ margin: 0 auto 0 0; } As Practice Lead for Software Engineering, I have always seen my role as being a champion for engineering improvement, promoting collaboration and continuous learning among the engineering community in my organisation. While these foundational aspects are important to organisations that leverage technology as a business outcomes enabler, the continuous pressures of a fast-changing world, exacerbated by COVID-19’s impact on our economy has allowed me to view the relationship between engineering and business success through an additional lens, which I wish to share with you. As the pandemic unfolded in the p...
Standard Bank Partners with Microsoft to Boost Innovation and Drive Growth in Africa
Image sourced from Regent Lighting. /* custom css */ .tdi_4_3c0.td-a-rec-img{ text-align: left; }.tdi_4_3c0.td-a-rec-img img{ margin: 0 auto 0 0; } Yesterday, Standard Bank and Microsoft announced a strategic partnership to accelerate the digital transformation of Africa’s largest financial institution and further drive the continent’s growth. The Bank’s growing investment in the Microsoft Cloud will enable the innovation, efficiencies, and resilience required to respond to market dynamics and customer needs. This partnership builds on the 30-year relationship between the two companies and involves migrating workloads, applications, and platforms to Microsoft Azure to drive organisational efficiencies, as well as workforce collaboration with Azure, PowerApps, Workplace Analytics and Micros...
Accelerated eLearning Adoption Could Contribute to More Impactful Outcomes in the Education System for Africa
/* custom css */ .tdi_4_262.td-a-rec-img{ text-align: left; }.tdi_4_262.td-a-rec-img img{ margin: 0 auto 0 0; } The world of digital has broadened the play and fuelled greater expectations as it shifted the traditional perspectives around time and space. The proximity to the customer is incrementally getting shortened, while the expectation for service leans towards the now. Those who lay claim to the gift of intuition have even pondered the veracity in the statement that the world as we know it has come to an end. But it has, in the process, ushered in a new one that is full of possibilities and diverse opportunities. Never has there been a better time for the re-imagination of one’s destiny. The dexterity to meander the future is not and should not be exclusive as it was before. The perv...
Seplat issues $650 million oil and gas bond
Seplat Petroleum Development Company, a Nigerian independent oil and gas firm, has issued $650 million in aggregate principal amount of senior notes due in 2026. It is said to be the largest ever Nigerian oil and gas bond issuance. A senior note is a type of bond that must be repaid before most other debts in the event that the issuer declares bankruptcy. It is more secure than other bonds. The dual listed company said the five-year bond was well-received in the market with orders from high quality institutional investors. “The notes priced at a yield of 7.75%, representing a significant pricing reduction from its $350 million debut issuance in 2018, which priced at a yield of 9.50% , with a coupon of 9.25%,” a statement by the company read. “The offering was well oversubscribed with deman...
The Sustenance of Job Creation During a Digital Evolution Epoch
Tau Mashigo CTO Group IT, Standard Bank As the future pushes ahead unabated, the set of circumstances emerging spark a lot of imagination. We no longer just rely on linear cognitive capabilities that give rise to incremental change, but rather parallelised, and intertwined capabilities that result in exponential progress. The world is filling up with opportunities waiting to be discovered. The Fourth Industrial Revolution is characterised by the on-setting of new capabilities stemming from exponential developments in a multiplicity of domain technologies including robotics, artificial intelligence, nanotechnologies, quantum computing, 3D printing, superfast telecommunications, and the internet of things. While these can be leveraged independently of each other, real impact can be exp...
Major banks moved vast sums of illicit money – investigation
Massive sums of allegedly dirty money have flowed for years through some of the world’s largest banking institutions, said an international journalism investigation published Sunday, which denounced shortcomings in sector regulations. “Profits from deadly drug wars, fortunes embezzled from developing countries, and hard-earned savings stolen in a Ponzi scheme were all allowed to flow into and out of these financial institutions, despite warnings from the banks’ own employees,” according to the probe from Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ). The investigation, which was led by 108 international media outlets from 88 different countries, is based on thousands of suspicious activity reports (SARs) submitted to the US Treasury Department’s financi...
Experian was not ‘Hacked’, says CEO
Sourced from Republic Title Experian CEO Ferdie Pieterse says that the business and credit information services agency was “in no way, shape, or form” hacked. This comes after the company confirmed that the personal information of nearly 24 million South Africans was breached. Pieterse adds that none of their systems, databases or records was ever penetrated or hacked. Instead, the fraudsters used social engineering tricks to present themselves as a legitimate Experian client, this resulted in the “release of information which is provided in the ordinary course of business or which is publicly available” – potentially including First and last names, ID numbers, Telephone numbers, Physical addresses, and Email addresses. The South African Banking Risk Information Centre (SABRIC) says t...
24 Million South Africans at Risk After Experian Hack
South Africa has just been hit a major data breach that may have put the personal information of as many as 24 million South Africans at risk. This information could include First and last names, ID numbers, Telephone numbers, Physical addresses and Email addresses. Experian South Africa – business and credit information services agency – has confirmed that “an individual in South Africa, purporting to represent a legitimate client, fraudulently requested services from Experian”. This resulted in the “release of information which is provided in the ordinary course of business or which is publicly available.” The South African Banking Risk Information Centre (SABRIC) says that “Banks have been working with Experian and SABRIC to identify which of their customers may have been exposed to the...
Mastercard and FASTA Launch South Africa’s First Virtual Credit Card
Mastercard has teamed up with FASTA – a digital lending fintech – to launch the FASTACard, South Africa’s first virtual credit card. The FASTACard – backed by Standard Bank and Tutuka – is said to give locals access to instant credit which is loaded onto a secure digital card that can be used online and in-store. This virtual card will help to meet the demand of today’s cash-strapped consumers who are increasingly seeking ‘no contact’ digital payment solutions in the wake of the pandemic. South Africans who choose to apply can select their own credit limit – up to R8,000 – and repayment plan – with up to three instalments paid over four months. Within minutes, the loan application is approved and customers are sent a virtual card which is valid for three years. /* custom css */ .tdi_3_070....
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