Business finance bootcamp helps SMEs grow

Business finance bootcamp helps SMEs grow With millions of livelihoods depending on them and contributing an estimated R1.5 trillion to the economy annually, South African small and medium-sized enterprises (SMEs) are the backbone of the country’s economy. Nevertheless, following the impact of the Covid-19 pandemic, small business owners must consider the importance of financial planning to survive and grow their businesses sustainably. Small business funder Lulalend has partnered with OnlineX to host the Business Finance Bootcamp, a free 5-week webinar series that provides insights from the best industry experts to…

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The 11 Commandments of Digital Banking for Your Business

Darryl Knopp, senior director for portfolio marketing at FICO, provides guidance based on experience The trouble with following conventional wisdom is that it is always changing. Proximity to the branch matters. Branches are closing. Multi-channel. Omni-channel. Digital first. Digital only. Mobile first. Mobile only. Friction is bad for customer experience (CX). Friction is good for risk management. Trust is critical. Trust is overrated. Customers want automation. Customers want control. Blindly following conventional wisdom never produces a straight path and rarely results in you arriving at your desired destination, which explains…

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Regardless of the size of your company or how great your product may be, at some point every business will need more finance than they have immediately available. When this happens, accessing additional funding will help to give your company the fuel it needs to grow. It may seem counterintuitive, but Trevor Gosling, Co-founder and CEO of Lulalend – financing partner to South Africa’s small- to medium-enterprises (SMEs) – explains that fast access to capital plays an important part of any business growth strategy. Gosling says that there is often a…

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Absa Bank Helps Distressed Africans Keep Their Homes During Pandemic Using FICO Collections Technology

One of Africa’s largest financial groups wins 2021 FICO® Decisions Award for Debt Collection using automated communications solutions       Highlights: Absa Bank has used FICO® Customer Communication Services to double the number of customers who can self-service to 43 percent Absa Bank has reduced impairment charges on the back of the improvement in customer experience, resulting in an ROI of 29x Absa Bank has won the 2021 FICO® Decisions Award for Debt Management   JOHANNESBURG – 05 March 2021 — Absa Bank, one of Africa’s largest financial groups,…

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More International Banks Use FICO Platform for Asset Governance and Regulatory Compliance

South Africa, January 14, 2021 — Analytics software firm FICO today announced that Yapi Kredi, one of the largest private banks in Turkey, will use FICO® Decision Central™ to manage analytics models and decision logic across the enterprise. Yapi Kredi joins many international banks who aim to seamlessly conduct and orchestrate smarter analytics and data pipelines and enhance AI / machine learning lifecycle management. FICO Decision Central enables businesses to capture models and other decision assets so that they can be reused, modified and improved over time.   More information: http://www.fico.com/en/products/fico-decision-central  …

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Fico survey reveals that financial services firms are severely lagging in online consumer services

VVast majority of traditional banks and fintechs are either far behind their transformation goals, or missing them outright   HIGHLIGHTS:  FICO and Arizent release new report entitled Clear and Present Danger: The Threat of Digital Disruption in Financial Services and What Banks Can Do to Vanquish It.   Only three percent of bank executives are extremely confident their insitution has taken all the necessary measures to protect their businesses against digital disruption, while a majority (71 percent) voiced doubts around their company’s ability to respond to digital disruption.   Just…

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How the reconstruction and recovery plan will impact SMEs

  JOHANNESBURG – Acknowledging the devastating impact Covid-19 has had on the global economy, the President has announced the reconstruction and recovery plan for SA, with a focus on inclusive growth. ; Some of the main focus areas are job creation and reindustrialisation of the economy. Examples of where the impact could be felt by SA SMEs includes the following. The government plans to bring forward the rollout of various large infrastructure projects, which typically have a positive knock on effect on SMEs that are suppliers to big projects and…

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How can automation and AI bolster the fight against money laundering?

How can automation and AI bolster the fight against money laundering?

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TEDA’s Role in Women Empowerment

TEDA’s Role in Women Empowerment

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Crazy-rich Africans fear instability

    Nearly all of the high-net-worth individuals in South Africa are concerned about the country’s political environment as they look to create, preserve and spend their wealth. This is according to Standard Bank’s African Wealth Report 2020, released on Wednesday. In Ghana, 67% of the highest earners share this sentiment while in Nigeria and Kenya 64% and 55%, respectively, of high-net-worth individuals are concerned about the politics in their country. Unlike the respondents in the other four countries, only 31% of wealthy individuals in Mauritius view the political environment…

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