Business

FNB is leveraging AI to redefine risk management and ways of working says, Dr. Mark Nasila, Chief Analytics Officer, FNB Risk

FNB is leveraging AI to redefine risk management and ways of working says, Dr. Mark Nasila, Chief Analytics Officer, FNB Risk

 FNB has been harnessing artificial intelligence (AI) to reimagine risk management and forensic due diligence processes. The result is the ability to have a more robust forensic due diligence process, review profiles for various financial crimes holistically, more rapidly, and more consistently, and free up the time of analysts to perform the functions that they […]

FNB expects to approve R100m in COVID-19 credit life claims

FNB expects to approve R100m in COVID-19 credit life claims

 FNB Life expects to approveapproximately R100 million worth of credit life insurance claims by June 2020 for consumers whose finances have been negatively impacted by COVID-19.  The insurance provider is a division of FNB, which previously announced relief measures for customers including assistance with credit insurance where relevant. Lee Bromfield, Chief Executive of FNB Life […]

CM TRADING: COPING WITH COVID-19 CONDITIONS

CM TRADING: COPING WITH COVID-19 CONDITIONS

Daniel Kibel, Founder and Director of CM Trading gives his thoughts on how we can deal with investment conditions in the COVID-19 pandemic. “The COVID-19 lockdown situation is virgin territory, and investors have a big decision to make at this stage. If they choose to stay on course with their existing investment strategies, in many cases, it […]

FNB and WesBank approve payment breaks on more than 500 000 agreements for customers affected by COVID-19

FNB and WesBank approve payment breaks on more than 500 000 agreements for customers affected by COVID-19

Payment breaks worth over R4.3 billion since 1 April 2020  FNB and WesBank have approved payment breaks on more than 500 000 credit agreements for nearly 150 000 individual and business customers since 1 April 2020. The relief includes payment breaks and/or credit insurance assistance in excess of R4.3 billion to help customers whose finances have been […]

Save your Favourite small business withPRIMEDIA Broadcasting andDineplan

Save your Favourite small business withPRIMEDIA Broadcasting andDineplan

The COVID-19 pandemic has changed how people live and do business across the world. While it is inevitable that things will take time to go back to being normal again, PRIMEDIA Broadcasting has established a plan to help save the small local businesses. PIMEDIA Broadcasting has combined its efforts with Dineplan in an aim to […]

Success as capital markets unite for greater good of SA

Success as capital markets unite for greater good of SA

Solidarity Fund given R34.4 million impetus as traders open hearts and wallets #Trade4Solidarity Johannesburg, Friday 17 April 2020: The JSE has declared its inaugural #Trade4Solidarity campaign a resounding success. Held over two days on Wednesday and Thursday this week, all revenues that the bourse  earned across all asset classes were donated to the Solidarity Fund as companies and […]

Coronavirus: Weekly jobless claims hit 5.2 million

Coronavirus: Weekly jobless claims hit 5.2 million

Coronavirus pandemic Another 5.2 million Americans registered for unemployment benefits last week as businesses remain shut amid the coronavirus lockdown. The new Department of Labor filings bring the number of jobless claims over the last four weeks to more than 20 million. That amounts to roughly as many jobs as employers had added over the […]

Fitch downgrades South Africa’s credit rating to ‘junk’ status

Fitch downgrades South Africa’s credit rating to ‘junk’ status

By Eric Oteng  SOUTH AFRICA Ratings agency Fitch downgraded South Africa’s credit rating further into “junk” territory on Friday, another blow for Africa’s most industrialised economy, which is still smarting from a Moody’s downgrade last week. Fitch lowered its long-term foreign-currency issuer default rating to ‘BB’ from ‘BB+” and assigned a negative outlook. The agency […]

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