Mobile money is an emerging concept in the global market which represents a profitable opportunity with a massive social impact by allowing customers to access services which can help them to effectively manage their day to day routines. It also presents crucial commercial prospects for the companies to pursue this strategy as the prospective channel for establishing direct connection with the customers and achieve future growth. The prime benefits of usage of mobile money include lower costs, faster speeds and ease of accessibility. This is of crucial importance in the third world countries, where technology sublimation has fostered a rather well-built mobile infrastructure and services have witnessed immense traction in the number of users. The development of various mobile financial services including mobile insurance, mobile credit and savings has enabled service providers to extend their reach of the product offerings through alternate channels. The mobile insurance industry has been gaining foothold in the recent years, supported by the involvement of specialist intermediaries, which have created commercial and partnership models which have been accelerating product launches. In 2009, Asia Pacific accounted for the highest number of mobile payment users worldwide, followed by Europe and North America. Consequently, the region also noted the highest share in the transactions being operated through mobile devices, which was registered at 71.2% in 2009. The value of the mobile money transactions in North America has expanded at a CAGR of 35.8%. North America mobile payment market is extremely fragmented and cumbersome, featured with technological splits and battling business models. Europe registered a share of 6.7% in global mobile money transitions, as observed in 2009, which has fell down to only 1.1%. The estimated value of transactions processed via mobiles in Europe was registered at USD 51.2 billion. The Latin American mobile payments . . .
The 2nd Annual Trade & Export Finance Conference is a two day event taking place on 2 & 3 September 2015 at Emperors Palace in Kempton Park – Johannesburg that will bring together leaders across the trade and export industry in the SADC region; discussions will focus on the current trade and export financing landscape, highlighting future strategies and technologies that will push the industry forward. The conference will focus on the important roles that banking and financial institutions need to play in order to ensure safe, sustainable and continuous growth in trade, export and import activities in Southern Africa. This demands new innovative approaches, including adopting new technologies that are both cost effective for the financier and that suit the clients’ needs. Topics are divided into the following main categories: Keynote address Southern African trade and export finance landscape Innovation in technology enabling the finance of trade Integrating roles for improved services Trade and export finance market Trade and export finance credit insurance Trade and export finance regulation and risk management Post-trade environment Future of trade and export finance Speakers and delegates expected to be in attendance include representatives from all the major Southern African banking institutions, importers & exporters, trade and export financiers, trade insurers and service providers. The audience profile will consist of individuals from the following departments: Commodities Foreign exchange Transactional banking Client value management National sales Strategies and solutions Exports and imports Global markets Trade and supply chain finance Product development Advisory If you are interested in participating at this conference, please email project manager Michandre Malan, email@example.com or call 011 803 1553. Author: Sian Wirth from Trade Conferences International. More Info link: http://www.tci-sa.co.za Twitter: . . .
Ben Padayachy, the Deputy Chief Executive Officer & Head of Global Banking at AfrAsia Bank, will be discussing fundamental issues about local and global investments. If you want to further equip yourself with matters such as globalisation of wealth, tax, legal systems and emerging wealth markets, this presentation will be your source of information as well as other informative presentation from local, South African speakers. Private bankers and wealth managers need to be informed in order to be the best advisors for clients. If a financial advisor is highly informed, it will be a stress-free process to offer the best advice to clients, in return, clients will not doubt the advice given to them on how they should invest on their assets. Financial advisors’ mission is to put clients’ interest at heart and offer them the best products as well as services that they need. It is important to always keep up with trends and issues happening in the private banking sector. The 2nd Annual Private Banking Conference is the best platform to find out information about the latest concerns, innovations and solutions in this sector. Attending this conference will be the perfect environment to network with like-minded professionals focusing on similar subject matters and sharing ideas on how to possibly overcome challenges in this sector. Send an e-mail to the Project Manager: Thuli Ndlela: firstname.lastname@example.org Alternatively contact TCI on +27 (0) 11 803 1553 For sponsorship opportunities and exhibition enquiries, contact email@example.com Author: Sian Wirth from Trade Conferences International. More Info link: http://www.tci-sa.co.za Twitter: http://www.twitter.co/tcisa CLICK HERE to submit your press release to MyPR.co.za. . . .
Attending delegates at the all-inclusive Micro-insurance Conference 2015 can look forward to an array of knowledgeable speakers from across the micro-insurance sector. TCI aims to cover the landscape of micro-insurance in South Africa with this conference. There has been great progression in the industry within recent years. The conference will provide a holistic view of these developments. The two day event will address current issues on micro-insurance; particularly focussing on trends in product, pricing and channel distribution. Other important topics will include regulation, financial inclusion, emerging markets, technology integration, relationship with micro-lenders and the future of micro-insurance. SOME OF THE CONFIRMED EXPERT SPEAKERS INCLUDE • Sonja Visser, Managing Director, Southern View Finance • Herman Moloi, Head: New Markets, Mutual & Federal • William Surmon, Executive Head :National Sales and Distribution, Zurich Insurance • Ian Gatley, Head: Business Intelligence, Lombard Insurance • Christine Haddon, Associate: Applied Behavioural Economics, Genesis Analytics • Desiree Pillay, Senior Affinity Consultant, Marsh Consultancy • Janice Angove, Lecturer: Statistics and Actuarial/Consulting Actuary, Wits University Limited speaker opportunities still available, contact the Project Manager: firstname.lastname@example.org or call TCI on 011 803 1553 to register on the early bird registration rate that can help you save!!! Author: Sian Wirth from Trade Conferences International. More Info link: http://www.tci-sa.co.za Twitter: http://www.twitter.co/tcisa CLICK HERE to submit your press release to MyPR.co.za. . . .
Risk can’t be eliminated, only managed. A vendor that presents slightly more risk but offers a better product for your company often will be the best option. Accepting this risk, and going the extra mile to mitigate it, may ultimately help your organization’s bottom line. In short, risk shouldn’t be feared, but properly addressed and solved. This conference will look at how risk should be handled and managed in South African Banks, not to forget all other aspects of vendor management and outsourcing such as overcoming major obstacles to outsourcing success, managing third-party vendor customer compliance, as well as Vendor management and IT sourcing.. The conference promises to leave the delegates with an understanding of all areas that is vendor management and outsourcing. SOME TOPICS TO BE ADDRESSED INCLUDE: -Digital transformation in vendor management and outsourcing -Innovations for banking outsourcing -Service agreements between banks and vendors -Banking industry metrics full break down -Managing strategies for shared service and outsourced departments -Service logic, value co-creation and networks in the banking services -Effects of external workforce trends in banks Contact: Project Manager: Chissola Gaieta email@example.com Call TCI on: 011-803-1553 or E-mail TCI: firstname.lastname@example.org For sponsorship opportunities e-mail: Sian Wirth: email@example.com Author: Sian Wirth from Trade Conferences International. More Info link: http://www.tci-sa.co.za Twitter: http://www.twitter.co/tcisa CLICK HERE to submit your press release to MyPR.co.za. . . .
Forum Revolved around the central theme “Emerging Trends in Operational Transformation & Process Excellence” Johannesburg – South Africa, 11th June 2015:This forum was opened with the opening remarks from the event chairman, Pritesh Kotecha, SVP – Middle East, Turkey, Africa & South Asia - SmartStream, followed by a formal introductory speed networking session where participants introduced and interact with each other and know fellow participants. Roland Brandli, Sales Manager, Middle East & Africa - SmartStream, demonstrated on an Outlook for Operational Excellence in Africa, by highlighting ROI budgeting process providing a glimpse of high ROI solutions implemented by banks across Africa during 2014. The ANNUAL COO PANEL, entitled as “Bridging the Gap by applying reforms within the Operational Excellence Strategy ”, focused on the strive to improve process flow to enhance efficiency across operations. The panel elaborated on solutions to manage transformation, cost and balance policies/procedures with service excellence, while answers to • How can operations create value for the customer, while tackling technology and fraud issues? • How to harness latest technology to support customers and process re-engineering? • Repositioning Target Operating Model and picking up the right tools, techniques and metrics to deliver an acclaimed operation management system This panel was joined by Vallance Kennelly, Group Chief Operating Officer - African Alliance Investment Bank; Simryn de Jager, Chief Operating Officer: TPS Africa & Global Sales - Standard Bank; Thomas Gachie, Director, Operations - National Bank of Kenya, and moderated by Pritesh Kotecha. Beverley Hunkin, Head of Process and Strategic Projects - First National Bank, in his presentation -BPM 3.0 – Bringing Data and BPM Together, focused on effective use of event-enabled processing and services-oriented architectures, while achieving world class operations were explained by Thomas . . .
BUSINESS/PARTNERS FINANCIAL RESULTS REVEAL RESILIENCE AND APPETITE FOR GROWTH AMONG SMES 10 June 2015: Despite the challenging economic conditions facing the South African small and medium enterprise (SME) sector, the appetite for finance and growth amongst these businesses still seems to be healthy and robust, which is a positive indication for the industry going forward. This is according to Nazeem Martin, Managing Director of BUSINESS/PARTNERS, a specialist risk finance company for formal SMEs, who says that the company’s financial results for the year ended 31 March 2015 highlight this positive trend in the marketplace. The company’s 2014 / 2015 financial results revealed that, in total, an impressive 380 business investments valued at R 1 117.0 million were approved during the financial year. According to Martin this is an 8.8 % year-on-year increase in investment activity, up from R1 082.5 million in the previous financial year. “This is a significant achievement in the wake of challenging economic conditions, uncertain power supply and sluggish consumer demand, and reinforces the appetite for funding and risk amongst South African SMEs.” During the 2014 / 2015 financial year total income increased from R470.1 million in the prior year to R513.2 million for the year under review, which is a direct result of double digit growth in all revenue lines excluding interest. Net profit for the group amounted to R182.7 million, 18% higher than the previous financial year. Of the 380 investments approved, 147 investments to the value of R403.9 million were approved for black entrepreneurs, an increase of 22.7% from the R 329.1 million approved in 2014. During the 2014/2015 financial year, 160 investments amounting to R357 million were approved for female entrepreneurs, and more than 17 200 employment opportunities were facilitated through the company’s investment activities. “These employment statistics underline the crucial role that small businesses . . .
“Financial advisers have a very important place in many investors’ worlds. A typical financial adviser is not necessarily an investment specialist, but he or she should have an intimate knowledge of a client’s financial circumstances. A financial adviser should thus be able to advise clients on which investment strategy is best for them, be it individually constructed portfolios, ETFs, unit trusts, or other investments. Having agreed on a specific strategy, a financial adviser will typically introduce a client to a portfolio manager, who will manage the client’s funds,” Christopher Gilmour, Investment Marketer & Analyst, ABSA. http://www.conceptpublishing.co.za/private-connect/english/article.php?id=190 Similarly,Yuri Bender, a Professional Wealth Management (PWM) reporter said, “Banks that will succeed in the future will be those that strive to make the customer’s experience an effortless and more enjoyable one. That way we will all be bathing in warmer waters, well away from the rocks”. http://www.pwmnet.com/Comment/Editor-s-Analysis/Private-banks-fear-savvy-clients-could-cast-them-adrift The above statement reveals the importance of serving clients and putting their needs first, instead of focusing more on banks’ product sales. Product development is also an important aspect to focus on, however, it’s important to make sure that those products will serve and improve clients’ understanding on how their investments and money will be utilised. The 2nd Annual Private Banking Conference, organised by Trade Conferences International (TCI) is taking place on 22 & 23 July 2015 at Indaba Hotel, Fourways, Johannesburg. This conference will highlight current issues in private banking, focusing on future trends. With the success of last years’ private banking conference, this is a must-attend event which will be the perfect platform to meet with other like-minded professionals and highly informed speakers from companies such as Investec, ABSA, . . .
Any risk-averse investors will be keenly interested in venture capital as an addition to their investment portfolios. The low-yielding BOND market, fully priced property market and volatile stock market have resulted in private equity becoming the flavour of the month. According to Neill Hobbs of Hobbs Sinclair, astoundingly, many investors and investment managers are unaware or unsure of the law around an extraordinary opportunity introduced by National Treasury in 2009 under Section 12J of the Income Tax Act. Now SARS’s policy of boosting small-to-medium business has been encouraged by way of a Venture Capital Company (VCC) tax incentive. South African tax payers who invest via this equity finance vehicle receive a 100% tax deduction on funds invested. For high threshold taxpayers, that’s an upfront 40% return on investment or, calculated over an investment period of five years, a guaranteed 8% ROI before any gains via the VCC. What’s more, the investment is not subject to Income Tax recoupment on disposal of shares after 5 years but will only be subject to Capital Gains Tax. Hobbs comments that what seems too good to be true is a welcome solution for established companies which are well managed and have a proven track record but are under-capitalised. Hobbs adds that although investors perceive that they have a loss of control over the capital invested, they must remember that in order to qualify the VCC must be FSB regulated, with the managers accountable to shareholders and SARS. What is critical to the success of a VCC is the risk assessment and ongoing risk management. Hobbs says, “With a CA on board to secure the opportunity, assess and manage the risk, complete due diligence, and report accurately on the performance of the investment, investors have ease of mind knowing that the CA has board representation, and acts as the guide to the owners, opening the door to equity and managing the process.” To date, there are nine registered VCCs in South . . .
Trade Conferences International brings you the first ever Banking: Big Data & Analytics Conference, taking place on 23, 24 & 25 June 2015 in Johannesburg, following on the success of the 1st Banking: Data Analytics & Segmentation Conference of 2013. TCI is proud to bring you an extensively refreshed programme that will highlight all the latest trends and innovations in analytics for the financial services industry. The highly anticipated brochure has officially been released and features a comprehensive three day programme which covers big data implementation in banking; full-scale adoption of data & predictive analytics in banking; and the third day explores how analytics can be used to segment banking customers and offer unparalleled insights. Attending this event will afford the opportinutiy to join leading industry experts to discuss opportunities in the future of analytics in banking and how to innovate your products to thrive in an era of rapid progression in technology and social networking. You will get informed on the latest ideas in client relationship management and behavioural analytics whilst meeting and networking with leading industry practitioners to gain an advantage in a variety of analytics and segmentation topics. Professionals dealing with big data engineering, data visualisation, data science, business intelligence, business analytics, channel integration, product pricing, product research and development, data migration, customer segmentation, customer retention, customer mobility, business segmentation and customer experience management amongst many others will benefit by attending this event. Key industry leaders like: Yudhvir Seetharam: Head of Analytics at First National Bank, Louis Raubenheimer: Head of Rewards & VAS Support at ABSA, Elize Jensen: Head of Business Intelligence at Standard Bank, Gerhard Botha: Chief Technology Officer at PBT Group, Dave Ives: Director at Karabina Solutions, Rajat Saigal: . . .