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Why banks outsource software development to external software companies
There are many reasons why a company outsources parts of their business including reducing costs and improving efficiency, but why banks outsource software development to
What is the SADC low value cross border EFT credit push system?
Proposed more than 15 years ago, the SADC cross-border payments initiative is fast becoming a reality. SIRESS (SADC Integrated Regional Settlement System) is available to
What is a payments hub?
A payments hub enables banks to consolidate different payments processes into a single central, standardised and co-ordinated platform, which lowers Total Cost of Ownership, and
Image Quality Assurance
Image Quality Assurance (or IQA) is a digital process of assessing scanned cheque images and ensuring that they are of a high quality and able
What is cheque truncation?
Cheque truncation is: the stopping of the physical movement of the cheque instrument, lifting the image and financial information from it, and transmitting it electronically
Why standards are important in software development
The term ‘software development standards’ has almost become an oxymoron today. Computer manufacturers and developers have to compete on so many levels and having a
Bitcoin and Blockchain – a layman’s overview
Disclaimer: Finteq solutions are designed to work with traditional payment systems enabling financial institutions to process transactions more effectively. Although our systems are able to
Why do banks need payment hubs?
The problem Even the most advanced financial institutions struggle with issues caused by legacy and disparate software systems. Invariably, these systems were developed many years ago,