Insights, News, and Updates to Keep You Informed.

From Paperwork Purgatory to a Frictionless Future: AI's Impact on Onboarding and KYC.

Remember the days of customer onboarding feeling like an eternity trapped in a filing cabinet? Endless forms, grainy photocopies, and the dreaded "we'll get back to you in 3-5 business days"? Thankfully, those days are fading faster than a fax machine in a digital age.

Bridging Borders: Seamless and Affordable Cross-Border Payments with TCIB

Following our announcement of becoming a certified integrator for the TCIB Payments Scheme, this article aims to create more awareness around this initiative, while also highlighting its benefits and exploring why Sybrin is ideally situated as a preferred integrator.

Mastering the Tipping Points of Digital Transformation: Are You Ready for the Paradigm Shift?

The digital landscape is not evolving, it's exploding, and the stakes have never been higher. In this rapidly evolving environment, understanding tipping points is vital for any business hoping to survive and thrive in the digital age.

The Potential for AI-Fuelled Financial Chaos: The Looming Shadow of Deepfakes

Over the past few years, the use of Artificial Intelligence (AI) has grown exponentially across industries - and is continuously evolving and improving. Once a futuristic concept, popularised by science fiction, it is now woven into the very fabric of our daily lives.

Unlocking Efficiency with Automated Bank Statement Extraction

In the fast-evolving landscape of data processing, the demand for quick and accurate information extraction from documents has become a universal requirement across industries. Sybrin's Intelligent Document Processing (IDP) product offers a versatile solution, particularly in the realm of bank statements.

Directive 8 Compliance for Accountable Institutions

In this edition, we will focus on what steps the accountable institutions, such as financial service providers, estate agents, and attorneys operating in South Africa need to take in order to meet the requirements of this new directive as well as some gaps we have identified where certain shortfalls and oversights may exist in their efforts to comply.

The Financial Intelligence Centre's Directive 8 in 5 mins

Welcome to our latest industry insights. In this two-part blog series, we will explore Directive 8 of 2023; the latest regulation from the Financial Intelligence Centre (FIC) under which financial service providers, attorneys, estate agents, and other accountable institutions operating in South Africa must vet all employees for competence and integrity, or risk sanction - including a fine of up to R50 million.

Continuous Innovation and Digital Transformation are Essential to Business Success

Technology is a key driver of business success, especially in today's digital world. As South Africa is a rapidly developing country with one of the largest populations and economies on the continent, it's increasingly important for businesses to stay ahead of the curve and remain competitive.

Automated Customer-Centric Mandate Management

Even before the Covid-19 pandemic, we enjoyed the benefits of the digital age where automation and convenience are the new norm. Currently, we have countless options at our fingertips, whereas in the past, many of these involved in-person interactions that required manual processes.

Liveness Detection: PAD Testing in Accordance with ISO Standards

Our previous article discussed the importance of detecting liveness when using biometrics for onboarding and authentication, the different methods to approach this, and what liveness detection in general involves. This article will take a closer look at the processes and standards when testing a solution against spoof attacks.

The Importance of Detecting Liveness When Using Biometrics for Authentication

Most of us are familiar with the countless Hollywood blockbusters that depict scenes where people successfully breach security systems by duping through either presenting fake biometrics like artificial fingerprints or with the facial biometrics of an unconscious or deceased person who possesses the necessary clearance.

SWIFT MT to MX Migration; Are You Ready for the New ISO 20022 Standard?

The imminent migration to the new ISO 20022 standard will have a far-reaching impact on the payments world, as it promotes unification of existing and entrenched standards across many existing financial role players.

ISO 20022; What is All the Fuss About?

If you are in the financial services industry, you may be aware that people have been talking about ISO 20022 for many years now. If you are not exactly sure what this entails, you're in luck, because this blog serves as a quick crash course on ISO 20022 and why there is such a big hype around the topic all of a sudden. We'll provide you with a brief background of what it is, how it came into existence, and why it is important.

Low-Code: The New Normal

With the growing presence of low-code software development, programming is no longer just for developers. If you've never heard of the low-code approach to app development before, then get ready - because you're about to start hearing it everywhere.

Considering Low-Code? Read This First!

Now that we have discussed what low-code is and why you should consider it to improve and digitally transform your business, now would be a good time to point out ten tips you should consider when exploring low-code development platforms.

Five Reasons to take the Low-Code Route

In the digital economy, the name of the game is speed. Low-code platforms are emerging as key enablers of innovation by simplifying the development and deployment of customised enterprise applications.

What is Low-Code?

With the recent rise of technologies such as AI, mobile, and cloud computing, low-code development platforms (LCDPs) are more relevant than ever. We have therefore dedicated a few articles on the topic to educate and satisfy everyone's curiosity. In this article, we will answer the burning question; what is low-code?

Cheque Truncation Advantages & Disadvantages

With rapid innovation in the payments sector, and a host of new start-ups revolutionising payment channels, many people consider cheques an antiquated payment mechanism.

Retaining Level 1 B-BBEE Status: Empowering Inclusive Growth in South Africa.

We are pleased to announce that we have once again secured our status as a Level 1 contributor to Broad-Based Black Economic Empowerment (B-BBEE).

Enhancing Tazama with Our End-to-End Fraud Risk Management Offering.

In a world where financial inclusion is pivotal to economic growth and personal empowerment, the launch of Tazama earlier this year marks a significant milestone.

Enhancing Our Product Portfolio with Two Refined Technology Stacks.

We have restructured our product portfolio. This strategic realignment aims to better meet the evolving needs of our clients and further solidify our position as an innovator in the digital transformation landscape. By combining and repositioning existing solutions, we have enhanced our Digital Onboarding and Identity Verification technology stacks. These refined offerings provide more comprehensive and efficient solutions to meet the growing demands of the market.

Sybrin Releases Platform 19.5 for the Ultimate Low-Code Development Experience

Yesterday we announced the release of Sybrin Platform 19.5, a significant leap forward in low-code application development.

Supercharging Your Online Fraud Defences from Sign-Up Onwards

In South Africa, IPQS partners with Sybrin, which has a seamless and effective onboarding process built around ID verification.

Sybrin Recognised in FinTech Global's AIFinTech100 List

FinTech Global named Sybrin as one of the top 100 companies shaping the future of AI in finance. This prestigious distinction places Sybrin among the elite group on the 4th annual AIFinTech100 list. The renowned research platform meticulously selected finalists from a pool exceeding 2,000 nominated companies.

Sybrin Named a FinCrimeTech50 Company by FinTech Global

FinTech Global, the leading provider of FinTech information services, recognised Sybrin yesterday as one of the most innovative anti-financial crime technology companies in the world, securing them a spot on their inaugural FinCrimeTech50 list.

Sybrin Partners with IPQS to Enhance Onboarding Security and Customer Experience

Sybrin, a leading provider of enterprise software solutions, today announced a strategic partnership with IPQS, a global leader in real-time fraud prevention solutions.

Sybrin is ISO 27001 and ISO 9001 Certified

In today's fast-paced and ever-evolving business landscape, maintaining high standards of quality and data security is paramount. This is where internationally recognised certifications like ISO 27001 and ISO 9001 come into play.

Sybrin Takes Digital Transformation Services to Philippines

Sybrin, a leading provider of digital transformation services, announced last week that it is extending its operations to the Philippines as a locally registered business, with an official launch event that was held on 23 February. This move forms part of Sybrin's commitment to provide digital transformation across the globe and to support the company's financial inclusion initiatives.

You Code Girl! Sybrin Supports GirlCode in Closing the Gap for Women in Tech

With the exponential increase in demand for talented coders, companies are struggling to find qualified employees - especially women, as this continues to be a field dominated by men. Despite the increase in demand, women currently only hold 19% of tech-related jobs at the top 10 global tech companies.

Sybrin Certified as a TCIB Payments Scheme Integrator

Sybrin is proud to announce that we are a certified integrator for the BankservAfrica TCIB (Transactions Cleared on an Immediate Basis) Payments Scheme. We'll be taking an active role in promoting and enabling the scheme's ecosystem across the SADC region and beyond.

Sybrin Embarks on A Great Reset for the Empowerment of South African Youth Through the YES Programme

The country needs the business sector now more than ever to get back onto solid ground and rebuild the economy. It remains the most powerful driver of transformation and growth in South Africa. The Youth Employment Service (YES) is an important initiative that calls upon the private sector to help the government create critical work experiences for the country's youth.

1K1V and Crossfin Acquire Leading Multinational Enterprise Software Company, Sybrin, for R410 Million

One Thousand & One Voices (1K1V), a private equity fund, the limited partners of which are comprised exclusively of industry-leading families, in partnership with diversified FinTech investment holding company Crossfin Technology Holdings (Crossfin) and investor Isaac Mophatlane, today announced the acquisition of the Sybrin Group of Companies (Sybrin) for R410 million.

Sybrin's Payments Hub Integrates into Mojaloop And Other Payment Ecosystems

Sybrin's team has been hard at work developing a frontend to enable the integration of the Mojaloop software with other organisations' existing systems. In these four videos we elaborate on the different use cases and how they work.

New Open-Source Fraud Risk Management System in Development by Sybrin and Partners

Chosen for its leading experience in the fraud risk management space and regional expertise in Africa and emerging markets, Sybrin is leading an open-source Fraud Risk Management (FRM) project sponsored by the Mojaloop Foundation and the Bill & Melinda Gates Foundation.

Karabo Moloko Appointed CEO Of Sybrin SA to Accelerate Deployment of the Group's Strategy Within South Africa

Sybrin is proud to announce Karabo Moloko's appointment as Chief Executive Officer of Sybrin SA as from 21 September 2020. Sybrin, a leading low-code platform and niche digital business applications provider, recently undertook a business restructure to strengthen its delivery and value add to the market.

Sybrin SA appoints Cameo Mbowane as Head of Client Engagement

Sybrin SA's new Head of Client Engagement, Cameo Raymond Makitimela Mbowane is set to accelerate our clients' digitisation journeys. With over 26 years' experience in the implementation of Information Technology systems, as well as Enterprise Architecture, Business Operations, and Strategy, Mbowane brings a wealth of expertise to enhance the value delivered to Sybrin clients.

Greg McCormick Shares How Sybrin Will Support the Mojaloop Foundation's Vision and Mission

Our Chief Strategic Business Development Officer, Greg McCormick, shares how Sybrin will support the Mojaloop Foundation's vision and mission of advancing financial inclusion.

Game Changers | Series

Join us for a Series of Webinars wherein we explore the burning topics in our industry, or as we like to call them, the Game Changers. With our host Colin Iles we sit down with some of the most influential tech minds to decipher what's next.

The Future of Blockchain

In our latest edition of Game Changers, Colin Iles and Monica Singer delve into the Future of Blockchain. Monica is the founder and former CEO of Strate, and is currently the South Africa Lead for ConsenSys. Watch the webinar video to find out more about the exciting topics of cryptocurrencies, government-backed digital currencies, decentralised finance, and decentralised autonomous organisations.

Inclusive Innovation!

We had another exciting session in our Game Changers webinar series. In this edition, our host Colin Iles was joined by Tashmia Ismail-Saville, Vice President of MaRS Discovery District and Founder of the YES Programme to discuss the concept of inclusive innovation.

The Art and Science of Data-Led Decisioning

Roger Grobler, Co-Founder and Partner of the Ethos AI Fund, sat down with Colin Iles in this edition of Game Changers to discuss the future of AI in data-led decisioning. Watch the webinar to find out more about Roger's background and how he ended up as the partner of a fund that invests in businesses that can benefit from algorithmic- and data-driven decision making to disrupt the market with this new business model.

The Future of Payments

In this edition of Game Changers, Colin Iles talks to Jan Pilbauer; CEO of BankservAfrica. Jan discusses how the majority of the transactions in South Africa are still cash-based and how their Rapid Payments Programme (RPP) aims to improve the future of payments.

How to Build a Viral Super App

In this edition, Colin Iles chats to our guest, Gour Lentell - Founder of MoyaApp, about building a viral super app. Giving access to instant messaging, payments, a news service, and more, all #datafree through their innovative use of reverse-billing technology, Gour and his team set out to disrupt the status quo.

The Future of Financial Crime

Game Changers explores the individuals and technologies that are transforming industries. In this session, Colin Iles was in conversation with Absa's Group Head Of Financial Crime, Nic Swingler, to learn more about the true size and scale of financial crime and what our institutions are doing to fight back.

Is Self-Sovereign Identity Going Exponential?

As the world turns towards digitisation to streamline processes and introduce efficiencies, and we navigate a landscape shaped by contactless interactions, the concept of self-sovereign identities has risen to the challenge of providing a means to enable users to own, manage, and control their own data.

Seamless Philippines

Sybrin attended the 2021 Seamless Philippines event as a Gold Sponsor from the 12th to 13th of October where our Product and Innovations Head, Salvatore Errera, presented "The Growth Catalyst - Digital Identities."

Sybrin User Forum 2020: Banks Need to Transform and Find Their Higher Purpose

After centuries of dominating the financial services sector, banks are facing an existential threat thanks to disruption from technology companies. Financial technology companies and upstart banks are offering low-cost high-interest accounts that can be opened online instantly, and insurance services where claims are processed automatically in seconds.

Sybrin's CEO Reflects on AFSIC 2019

Our CEO, Marius Maré, recently attended the seventh annual Africa Financial Services Investment Conference (AFSIC) in London, UK. AFSIC is currently the leading investor event for Africa across the globe and is highly focused on connecting businesses with investors geared towards financial development across Africa.

Sybrin User Forum 2017

The inaugural Sybrin User Forum kicked-off in the beautiful city of Cape Town on the 15th of February 2017. Hosting delegates from some of the biggest banks on the African continent, Sybrin had a jam-packed agenda awaiting them.

Sybrin's Paul Johnston to Present @ BA Summit

Paul Johnston will be representing Sybrin at the BA Summit 2016 in Sandton, South Africa. Running from the 12^th to the 14^th of September, the BA Summit is the official conference of the South African chapter of the IIBA.

Intelligent KYC and AML

With the rise of financial crime and the costs associated with non-compliance, as well as the growing threat of digital disruption, it has never been more important for financial institutions to embrace technologies that streamline compliance processes.