Beware of a new Internet banking scam

Consumers are urged to avoid falling victim to a new banking scam whereby fraudsters remotely take control of your computer over the Internet, and gains access to your Internet banking profile. Fraudsters are sending unsuspecting consumers fake emails notifying them that fraud has occurred on their respective bank accounts’ or…

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South Africa's Absa Has Launched An Investment Robo-Advisor

One of South Africa's largest banks, Absa, has announced the launch of its investment robo-advisor, Virtual Investor. According to the bank the robo-advisor will lower fees for investors. Absa's Virtual Investor uses artificial intelligence and algorithms to recommend investment products for customers based on their financial risk profiles. “The Virtual…

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