Fico (NYSE:FICO), a leading predictive analytics and decision management software company, today announced that First National Bank (FNB), one of South Africa's "big four" banks and named 2012's most innovative bank in the world, is the first bank in the country to use Fico Fraud Resolution Manager to communicate with customers when a potentially fraudulent transaction takes place.
FNB's latest Banking App statistics reveal that the youth market, age 18 - 25 years, have shown the highest growth in App uptake and usage with an 8% increase from 6% in 2011 when it launched, to 14% this year - the highest growth across all age demographics.
FNB, South Africa's oldest bank and one of the largest financial institutions in the country, is automating and innovating routine banking transactions and improving customer service by installing 1,250 NCR SelfServ 4 units.
First National Bank has registered a patent in South Africa for using instant messaging within a smartphone app to transfer money, according to local press reports.
South Africa's First National Bank is bidding to bring financial services to rural customers with a cashless ATM that doubles up as an online banking portal.
MoneyGram (MGI), a leading global money transfer company, and First National Bank (FNB), one of the largest banks in South Africa, have launched their first mobile money transfer service in Africa, giving FNB account holders throughout South Africa provinces the convenient option for sending and receiving international money transfers using their mobile devices.
UK Square-clone mPowa says it has struck a multi-million pound deal with South Africa's First National Bank (FNB). Meanwhile, the firm has denied claims made by its own staff that it can no longer process Visa transactions.
First National Bank of South Africa has tied its mobile banking application to Facebook, enabling users to run the application from within the social media site.
South Africa's Absa has opened a 'test lab' bank branch in Johannesburg to help it trial new products and technology with real customers.
South Africa's First National Bank (FNB) has added a geo-location feature to its mobile app that lets users send money to nearby people without entering account details.
© Finextra Research 2014