Santander Brazil Deploys New Strategies in Half the Time with Centralized Decision Engine from FICO

Brazil’s third largest private bank wins FICO® Decisions Award for Decision Management Innovation Highlights: Santander Brazil has reduced the time to deploy or change lending strategies and new analytic models by 50% using FICO® Decision Management Suite By using FICO Decision Management Streaming the bank has also been able to better leverage its data lake and Python code Santander Brazil won a 2018 FICO® Decisions Award for Decision Management Innovation March 14, 2019 — Santander Brazil can now deploy or change new lending strategies and new analytic models in half…

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Energy, utilities and resources – diversify or disappear?

By Colin Beaney, IFS Global Industry Director for Energy, Utilities & Resources Renewables accelerating even faster than previously predicted, CX and UX driving innovation, a new generation of proactive consumers driving demand for more diversified energy, business and payment models: In 2019 energy and utility companies face the challenges of an industry rapidly diversifying, decentralising and digitising. The sure-fire way to keep up? Make sure you stay ahead. By 2040, 66% of the global energy market will be in renewables, driving an urgent race to diversify in 2019   GLOBAL…

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TymeBank, SA’s first fully digital-driven bank, goes live

The race for lending to small and medium-sized enterprises (SMEs) heated up yesterday as the country’s first fully digital bank, TymeBank, went live. The bank, which is backed by billionaire Patrice Motsepe, said it wanted to capture the majority of the 21 million potential customers in the middle-income band. It said it had more than 100 000 people that had signed up for its offering. The bank also launched its EveryDay transactional account bundled with a savings tool called GoalSave, its MoneyTransfer solution and its TymeCoach app. TymeBank said it…

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KZN Youth Fund to assist young entrepreneurs

The KwaZulu-Natal Provincial Government is to unveil a Youth Fund that aims to assist deserving young people to kick-start their business ventures. First of its kind, the KZN Youth Fund follows a comprehensive research by Youth Directorates of both the Premier’s Office and KwaZulu-Natal Department of Economic Development, Tourism and Environmental Affairs, that identified a huge gap in youth business financial aid. The fund aims to assist deserving young people to kick-start their business ventures, fund new innovative business ideas and to expand young people’s existing businesses without the red…

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Predictions 2019: South Africa’s Shift to a Cashless Environment Will Impact Payment Fraud Defences

Just over a year ago, I wrote on the FICO Blog that “2018 will be the beginning of the end for physical credit cards. However, their functionality will become even more omnipresent in our lives as more cards migrate to consumers’ mobile phones.” In fact, that prediction came true. After some initial hesitance, it’s been interesting to note that more and more South Africans are going digital and adopting mobile payments. The shift to a cashless environment has been largely pushed by the introduction of app-based payment services such as…

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UN urges Africa to prioritize manufacturing for sustainable development

NAIROBI. — The United Nations on Tuesday urged African governments to prioritize the manufacturing sector in order to achieve sustainable development. Emmanuel Kalenzi, representative for Kenya, Eritrea, South Sudan, Comoros and Seychelles at United Nations Industrial Development Organisation (UNIDO), told journalists in Nairobi that in the past, the continent tended to concentrate on the social sectors such as education and health. “African governments should prioritise productive sectors such as the manufacturing sector because they tend to provide jobs as well as products and services that are needed to support other sectors,”…

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Adesina wraps up Canada visit with a plea in Calgary: “Africa cannot be ignored”

Risk is important but it should not be an excuse not to invest in Africa” “Given the size of its markets, growth, and huge potential across multiple sectors, Africa cannot be ignored.” This was the African Development Bank President, Akinwumi Adesina’s message at a public and private sector investor roundtable on Thursday in Calgary. Addressing institutional investors, private sector representatives and provincial government officials in Alberta, Adesina said “We want to make sure investment in Africa can mirror a smooth plane touchdown and that your journey into Africa is not…

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Minister Davies and Premier Makhura Launch Gauteng InvestSA One Stop Shop

The Minister of Trade and Industry, Dr Rob Davies and Gauteng Premier, Mr David Makhura launched the Gauteng InvestSA One Stop Shop (OSS) in Sandton. The objective of the provincial InvestSA OSS is to provide professional service to all investors through specialist advisory, reduce regulatory inefficiencies, and reduce red tape for investors looking to invest in Gauteng. Speaking at the launch, Minister Davies said InvestSA Gauteng One Stop Shop (OSS) is part of a Presidential priority to improve South Africa’s service delivery to all investors. He said the launch is…

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Minister Gigaba delivers 2018 Budget amid tough climate

Finance Minister Malusi Gigaba’s Budget Speech has seen him make “difficult decisions” to address a revenue shortfall and to fund free higher education. An increase in value-added tax (VAT), fuel levy and a higher estate duty tax are just some of the things South Africans will be faced with this year. On the other hand, Minister Gigaba announced some relief for the poor and the working class in the form of below inflation increase in personal income tax, while ensuring an above average increase in social grants. As part of…

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Rand within 3c of pre-Gordhan firing level

JOHANNESBURG – The rand achieved an intra-day best level of R12.34 to the dollar on Wednesday‚ before giving back some of its gains by mid-afternoon‚ when settling just a few cents firmer than Tuesday’s close. Prior to the sacking of former finance minister Pravin Gordhan at the end of March, the rand had been trading at about R12.31 to the dollar on Wednesday. The rand firmed in response to the news in the Sunday Times at the weekend that “secret talks” were underway for a negotiated exit for President Jacob…

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