SAP Fioneer launches tailored SME banking offering

WALLDORF, Germany, June 22, 2023 (GLOBE NEWSWIRE) — SAP Fioneer, a leading global provider of financial services software solutions and platforms, has announced the launch of its Fioneer SME Banking Edition. The solution will enable banks and neobanks to offer banking capabilities in a digital-first and data-driven approach, tailored to the financial needs of small and medium-sized enterprises (SMEs) – a historically underserved market segment.

The SME sector is a vital component of the global economy, accounting for 99% of UK and EU businesses and employing approximately 16.4 million and 84 million people respectively.* Despite making up a significant proportion of GDP and the workforce, SMEs have traditionally struggled to access financial services that meet their unique needs, as the perceived risks and costs associated are deemed too high.

Fioneer SME Banking Edition addresses these challenges by connecting banks to external data sources such as Open Banking, central company registry, e-commerce and Enterprise Resource Planning (ERP) data, to form actionable insights that significantly help SMEs to stay ahead. This will give SMEs clear transparency about cashflow and provide insight to the banks and enable e.g. smart funding options, offering more variety and increasing the number of businesses banks can serve.

As a unique end-to-end solution, Fioneer SME Banking Edition covers front-to-back capabilities and seamlessly integrates with any core banking system. It enables banks to offer services that go beyond traditional banking products such as loans and deposits. Banks will be able to broaden their offering with embedded services and stronger financial advice directly for SMEs. The solution can also be easily integrated and connect to ecosystems via pre-configured APIs.

Charlie Platt, Managing Director of Banking at SAP Fioneer, comments on the launch: “SMEs represent the lifeblood of the economy, and it is critical that they are able to access the financial services they deserve. Through our SME Banking Edition, banks will be able to create commercially viable, unique and better banking experiences for SMEs that will help them to stay ahead in a challenging economic environment.”

“The introduction of our Fioneer SME Banking Edition significantly strengthens how banks interact with SMEs. Utilizing our proven technology, we’re facilitating banks to better serve SMEs in a dynamic economic landscape. Drawing inspiration from the B2C market, we’re empowering banks to elevate their service offerings for SMEs,” adds Dirk Kruse, CEO of SAP Fioneer.

*Business population estimates for the UK and regions 2022 (UK Government), Statista 2022

About SAP Fioneer

SAP Fioneer was launched in 2021 as a joint venture between global technology leader SAP and entrepreneurial investor Dediq to become the world’s leading provider of financial services software solutions and platforms.  With a broad ecosystem of partners, over 800 financial services customers and more than 1,000 employees, SAP Fioneer is a global business present in 17 countries across Europe, North and Latin America, Middle East and Asia-Pacific.

By combining the speed and agility of a start-up with the proven capabilities of a best-in-class software company, SAP Fioneer enables banks, insurance companies and challengers to run, transform and grow while meeting their need for speed, scalability, and cost-efficiency through digital business innovation, cloud technology, and solutions that cover banking and insurance processes end-to-end.

For more information, visit www.sapfioneer.com. Follow SAP Fioneer on Twitter and on LinkedIn.

Press enquiries:
[email protected]

GlobeNewswire Distribution ID 1000826504

South African fire kills two children locked in flat

Two children, aged five and seven, have died in the South African city of Johannesburg after a fire broke out in a residential building where they had been left unattended and locked inside an apartment.

The blaze, in the inner city area of Hillbrow, began on Wednesday afternoon.

A reporter from South Africa’s Times Live has recently tweeted a video from the scene filmed after firefighters arrived:

Squatters often move into old and abandoned buildings in the area – which colloquially are said to have been “hijacked”.

Mayor Kabelo Gwamanda visited the scene later in the evening, commending firefighters for their efforts and saying Hillbrow’s old buildings did not meet health and safety standards.

“This particular property has been at the centre of the City [of Johannesburg’s] efforts to reclaim hijacked buildings from illegal occupants and crime syndicates,” New24 quoted him as saying.

The city’s emergency services say the children appear to have died from smoke inhalation and their bodies were later found “burnt beyond recognition”.

The cause of the fire is not yet known and the police are conducting investigations.

Source: BBC

MEC Nono Maloyi appoints contractor to build emergency house for destitute family

MEC Maloyi appoints contractor to build an emergency house for a destitute family

The April Family in Madibogo Village in the Ratlou Local Municipality, has found relieve from the Department of Human Settlements. The family of 15 has been living in a one roomed house that belonged to their grandparents for the past 20 years. The family consist of grandchildren and great grandchildren.

Learning about the situation the MEC for Cooperative Governance, Human Settlements and Traditional Affairs, Nono Maloyi accompanied by the Head of Department (HOD) Kgomotso Mahlobo visited the April family to introduce a contractor who will be building a house for them. The philanthropist raised to the occasion after hearing about the heart breaking story of the April family.

Member of the family 29-year-old mother of three Idah April, says the family survives on child support grant. No one in the family is employed and they make a living from odd jobs.

The adults in the family are outside the social grants/ old age bracket and on odd jobs from the neighbouring farms. Most of them do not have identity documents and are unable to benefit from the social relieve fund from government.

“We will welcome any little assistance we can get as a family. It’s been years since we have been living in this room which does not have privacy, and also has defects.

“We depend on child support grant and money from odd jobs from local farms. The government assistance will come in handy,” said a hopeful April.

According to the Head of Department Kgomotso Mahlobo, the department prides itself by having contractors who plough back into the communities through their corporate investments.

Otukile Kgabi of MGT Projects, volunteered to build a house for the April family and hope to complete it by next month. “We heard of your plight and we came here to ensure that you get a decent house, we promise you that you will be living in your house on Mandela Day this year,” said Mahlobo.

Mahlobo also urged appointed contractors in different housing projects to perform to their best abilities, as the departmental MEC Maloyi has issued a serious warning and vowed to terminate the contracts of non-performing contractors. She said the department is looking forward to working together with the appointed contractor and they will offer them support.

Source: Government of South Africa

Hefty sentences for Eastern Cape rhino poaching gang

A six-man rhino poaching gang has been handed prison terms ranging between 16 and 20 years after they were found guilty of conspiracy to commit theft of rhino horn and unlawful possession of firearms and ammunition.

The six men, who were sentenced in the Eastern Cape High Court sitting in Makhanda, are Francis Chitiyo, Trymore Chauke, Meshack Chauke, Simba Masinge, Nhamo Muyambo and Abraham Moyane.

National Prosecuting Authority (NPA) regional spokesperson, Luxolo Tyali, said the men were arrested in 2018 after they conspired to commit rhino poaching in the Makhanda area.

“They obtained an unlicensed 375 caliber hunting rifle, which was fitted with a silencer to suppress gunshot sounds to avoid detection during their illegal hunt. On the afternoon of their arrest, the six travelled in two vehicles towards the Makhanda area, where there are numerous game reserves housing populations of rhino.

“Before they reached their destination, one of the vehicles suffered a mechanical breakdown. They were stopped by members of the rhino poaching task team of the police patrolling the N2 highway, while towing the other vehicle. Inside the vehicles, two axes, knives and cellphones were discovered. The disassembled hunting rifle was found concealed in the tailgate of one of the vehicles,” Tyali said.

Following their arrest and conviction, five of the men escaped but were rearrested.

“While the gang was in custody, no rhino poaching incidents were reported in the Eastern Cape. However, since the escape of the five, 13 rhino were poached during the first three months of 2023.

“Investigations to establish the involvement of the gang in the said poachings are being conducted and further charges will be brought in the subsequent trial if they are linked. Delivering the sentence, the court noted that it was more than a coincidence that when the gang was in custody, there were no poaching incidents in the Eastern Cape,” Tyali said.

Meanwhile in Mpumalanga, the Skukuza Regional Court has sentenced a 32-year-old man to 32 years imprisonment for rhino poaching related activities.

This after the man, Freedom Ndlovu, was convicted on charges of trespassing at the Skukuza National Park, three counts of rhino killings, possession of a firearm, possession of ammunition, conspiracy to commit an offence, possession of a dangerous weapon and possession of ammunition.

NPA regional spokesperson, Monica Nyuswa, said Ndlovu and two other accused were arrested in 2016 after rangers at the park received a tipoff about poachers in the area.

“[The rangers] went to the alleged scene and found Alberto Valoyi , Fanwell Ndobe and Freedom Siyabonga Ndlovu in possession of a hunting rifle, ammunition, six fresh rhino horns and an axe. They were all subsequently arrested. Ndobe and Ndlovu absconded after the court granted them bail, and Valoyi was convicted and sentenced.

“Later, Ndlovu was rearrested, but his co-accused Ndobe is still at large,” Nyuswa said.

Source: South African Government News Agency

Cabinet commends agreement with France to boost SIU

Cabinet has welcomed the cooperation agreement between South Africa and France, which is set to increase the capacity of the Special Investigating Unit (SIU).

The agreement aims to strengthen the relationship between South Africa and France in capacitating the SIU on cyberforensic, financial crimes and analytical skills.

The agreement — which was signed by Minister of Justice and Correctional Services, Ronald Lamola, and French Minister for Europe and Foreign Affairs, Catherine Colonna, on Monday, 19 June — is expected to also yield the establishment of an anti-corruption academy in Tshwane.

The academy will serve the SIU and other law enforcement agencies and anti-corruption agencies within the Southern African Development Community (SADC), the Commonwealth and non-Commonwealth countries.

“This new capacity will also deepen the country’s ability to respond to matters arising from the State Capture Commission,” Cabinet said in a statement on Thursday.

The establishment of the academy aims to enhance Investigative capabilities and prevention measures, and promote anti-corruption and public education.

Source: South African Government News Agency

MEC Mireille Wenger launches Municipal Red Tape Reduction Challenge Fund

Municipal Red Tape Reduction Challenge Fund launched

The Western Cape Government is working hard to make the province the easiest place to do business in South Africa. A key part of achieving this, and the breakout economic growth we need to create jobs, is removing the barriers businesses face.

“To ensure that we continue to cut red tape, specifically in municipalities who are at the coalface of delivering services which enable a business-friendly environment, I am excited to confirm that we have recently launched the Municipal Red Tape Reduction Challenge Fund for 2023/24 which will fund interventions in municipalities aimed at reducing the regulatory burden, improving business processes through digitization and ensuring effective communication to businesses. Through these interventions, we aim to improve the development planning and building environment in which businesses operate in our local municipalities.” said Western Cape MEC of Finance and Economic Opportunities, Mireille Wenger.

The Municipal Red Tape Challenge Fund seeks to:

Support projects that lead to savings (in cost, time and complexity) for both business and/or municipalities through the digitisation of services, development of overlay zoning, streamlining processes and procedures, to name a few examples;

Stimulate an enabling business environment; and

Support Ease of Doing Business initiatives to attract investment into local areas which will lead to economic growth and investment confidence.

“I am very proud of the impressive work done by our Red Tape Reduction Unit (RTRU), which was launched in 2011, with the aim of solving the problems that make it difficult for businesses to?grow and?in so doing, ensuring that we work to create an enabling environment for businesses, big and small, in the province. The proof of the effectiveness of these interventions are clear. Between May 2019 and September 2022, the red tape reduction and ease of doing business interventions resulted in a saving of R1.85 billion to the Western Cape economy, which is certainly worth celebrating.” Continued MEC Wenger.

In addition to the financial savings achieved, the Red Tape Reduction Case Management System recorded a total of 519 cases in the 2022/2023 financial year, with a resolution rate of 93%, as well as a customer satisfaction rate of 80%.

“I look forward to working with the selected municipalities through the Red Tape Reduction Challenge Fund for 2023/24, so we may do even more to help improve and streamline municipal processes, making it much easier for businesses to operate, to expand and to create more jobs in the Western Cape.” remarked MEC Wenger.

MEC Wenger concluded: “While there is still much work to be done, our efforts are bearing fruits, as revealed in the most recent Quarterly Labour Force Survey, which showed that 62 000 new jobs were created in the Western Cape during the first quarter of 2023. As the only provincial unit with dedicated resources to reduce red tape in South Africa, we will continue to do all we can to remove barriers to business growth and stand ready to share this expertise with other provinces and national government.” Concluded MEC Wenger.

Source: Government of South Africa