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Open Banking - An Innovation in technology, changing the game for consumer, fintech and financial institution

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  What Open Banking actually means? The Open Banking is an environment created to empower consumers to access, use, and benefit from their financial data. Therefore, it reveals the potential of financial data for the benefit of all. There are numerous ways to interpret the concept of open banking depending on markets and regions. Companies have experienced the power of using big data for business intelligence. Critical business decisions are made based on the data. Therefore, it is time for individuals like us and small scale firms to unlock the potential and empower us to get the most out of our own financial data. Open banking platforms empowers us through third-party platforms and apps to utilize the data for our benefit. However, the consumer has a full control of their financial data and hence they have to provide explicit consent to authorize the data access between third-party platform and financial institution. This step is usually referred to as “Consent” or “Permissio
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VISEL AFRICA making waves in the space of IT Security and Compliance services in South Africa

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  CYBER SECURITY RISK South Africa has recently witnessed the dread of cyber attacks hence cyber security has become imperative for big corporates and startups alike. Today, the stakes are higher than ever. The increasing instances of hacking, mobile usage, internet of things as well as the growing ecosystem of cybercriminals is affecting South Africa. The country has a situation that need to be tackled comprehensively and consistently. Cyber security is evolving on both the sides, attackers and defenders.  The challenges for cyber security teams within the organizations large and small, results  from    the following mega trends. (1) O ver the years,  massive growth of data in b usiness systems, (2) Security sensors that are meant to protect the businesses, (3) Immense shortage of skilled cyber security teams to analyze and respond to security incidents affecting the data and infrastructure. THE IMPACT There are various kind of malware used by cyber criminals to achieve what they want
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MagixFone - New way of engaging with brands through Mobile Marketing Campaigns

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What is MagixFone™ ? MagixFone™ is Any Display Any Phone interactive technology which gives your audience the ability to control the screen for playing games, answering quizzes, sending social messages and much more. Incentivize your audience by distributing discounts, brand goodies, offers or sms-coupons. Its instant and can be customized for your target audience. All they need is a phone, any phone will do and they are ready to interact with the content that you want to display!! The MagixFone™ Kit is a combination of hardware and software that allows any user to engage with any display using their mobile phone. A user can dial or text a number given on screen at the point of interaction and the MagixFone™ hardware picks-up the call and allows the user to use his/her mobiles keypad or voice to interact with the display. Features Converts any digital signage into interactive signage Works with all mobile phone models Provides user interaction statistics to measure
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Mobile Payments in UK - 2012

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Mobile Payments project by Payments Council UK has progressed towards making payments using just a mobile phone number possible for everyone. The Payment Council is working on the database that links mobile numbers to account details. By doing this, an individual can receive and make payments on the go via Mobile phones regardless of who you Bank with. The database will be available to UK banks and building societies before the end of 2012. Customers will register for the service through their own bank, with no need to share their details with a third party. The final service will be safe, secure and simple to use – offering an easy way to pay a friend back for dinner, or pay a window cleaner or other tradesman. The work to develop account-to-account mobile payments is going ahead in the context of a wider review of the landscape in mobile payment initiatives, including developments in contactless payments (also known as Near Field Communication, or NFC) and banking ‘app
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Interbank Mobile Payment Service

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Interbank Mobile Payment Service or IMPS allows interbank electronic fund transfers through Mobile devices. In simple terms, IMPS enable customers to access their Bank account through Mobile Device along with transfer of high interbank fund transfers in a secured environment.  It belongs to National Payments Corporation of India, an organisation for all retail payment systems in India.This facility is provided by NPCI through its existing NFS switch.  Considering, the current fund transfer channel mechanisms such as NEFT, One of the drawbacks is the transactions are processed and settled in batches, hence are not real time. Also, the transactions can be done only during the working hours of the RTGS system. Objective of IMPS: 1. To enable bank customers to use mobile instruments as a channel for accessing their banks accounts and  remit funds 2.  Making payment simpler just with the mobile number of the beneficiary 3.  To sub-serve the goal of Reserve Bank
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Mobile Imaging in Insurance - Time to adapt

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Mobile image technology has the potential to transform internal business processes, particularly those that support sales and service. Just as significant as the positive impact that mobile imaging technology has on the customer experience, is what it can do for streamlining data capture. The possibilities for transforming insurers’ business processes are vast. It is a catalyst for innovation. Insurers can rethink their processes with the same creativity that they apply to customer interactions. Insurers using mobile imaging think of a mobile camera as a replacement for a PC, telephone, scanner, and printer all in one – as a picture that can be used to communicate in a variety of mediums within a single transaction. Mobile imaging technology successfully bridges the gap between the physical and digital world. As insurers consider the new power in starting with the data capture portion of business processes, rather than with the transaction, it is advisable to start with the
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Collaborate, Communicate and Celebrate with Oogwave..!!!

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Oogwave is a free web based collaboration platform service that lets you work better together with your team, by letting you bring all your work information, files, discussions and plans to a single place and allows you to share and work together easily with your team, department or company colleagues. Oogwave Inc is founded by Sunny Pushp, CEO and Andy Cobb, President Strategy in Jan 2011. It is headquartered in Toronto, Canada. In Sept 2011, they launched Oogwave, a simple online collaboration tool, esthetically made with an appealing user interface. There is no downloads required, so it can be used from any Internet-connected device computer, smart phones and iPad. “In case you haven't noticed, work is a bit different these days. It's not just jobs changing--the whole culture is different. These days, things are moving at the speed of a tweet, and people want access to company systems and data at all times. Ba
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