Legacy systems have always been the biggest obstacles to digital transformation in the financial services industry. The pandemic has shown the importance of digital banking in current times and how it'll impact the future of the sector. Nedbank CIB's Head of Mobile, E-Commerce and Open Banking, Kenneth Kayser, participated in a Moneyweb panel, featuring both [...]
Currencies All eyes on the adjustment budget. Commodities Oil edged lower; Gold futures climbed for a fourth session Equities Global markets trade mostly higher, with improving economic data boosting sentiment. Date Region Event Actual/Expected/Prior Implications 23/06 SA Unemployment 30.1%/29.7%/29.1% Unemployment rate increased to 30.1%. 23/06 EZ Manufacturing PMI 46.9/45.0/39.4 PMI readings picked up to [...]
Nedbank CIB’s Head of Open Banking, Mobile and e-Commerce, Kenneth Kayser, was one of the expert panellists on the recent Seamless Webinar 'How to Modernise Payments in an Era of Digital Competition', which sought to answer key questions around the global shift to digital business in light of the Covid-19 pandemic. The primary focus of [...]
Currencies Rand holds steady. Commodities Oil edged lower; Gold little unchanged. Equities The Nasdaq closed at record highs, inspiring Asian markets this morning. Date Region Event Actual/Expected/Prior Implications 23/06 SA Unemployment --/29.7%/29.1% Unemployment rate expected to have increased to 29.7%. 23/06 EZ Manufacturing PMI --/44.8/39.4 Readings expected to pick up following easing of containment [...]
Many experts predict the true impact of the Covid-19 pandemic will only be felt in the years to come. However, there’s no denying the spread of the infection and the strict measures taken by governments, have already taken a significant toll on the global economy. In our recent webinar about the current global and SA [...]
Currencies Focus this week on the updated budget. Commodities Gold at one-month high amid rising fear of virus. Equities Investors will be cautious ahead of our revised budget on Wednesday, so expect increased volatility on lower trading volumes. Date Region Event Actual/Expected/Prior Implications 23/06 SA Unemployment --/29.7%/29.1% Unemployment rate expected to have increased to [...]
