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Banking & Finance News South Africa

Banks train their guns on start-up 22seven

Financial management website 22seven has been live for just a day and already it's facing its first serious challenge.

Some of SA's big banks have begun warning their customers not to provide their banking login details to the service, which aggregates users' financial information to give them a graphics-rich picture of their income and spending.

This raises the question of whether 22seven, which is led by the former CEO of online bank 20twenty, Christo Davel, should have engaged with the big banks before launching its service.

Continue reading the full story on www.TechCentral.co.za.

Source: TechCentral

Founded by Duncan McLeod, TechCentral is the leading quality news and information resource for people involved in South Africa’s fast-growing information and communications technology industry and those interested in the fast-changing world of information technology. It provides quality news, reviews and comment relevant to its quickly expanding audience. Follow TechCentral on Twitter at TechCentral, become a Facebook fan and subscribe to the daily newsletter.

Go to: http://www.techcentral.co.za

About Craig Wilson

Craig Wilson is an ICT journalist and speaker based in Johannesburg. He is deputy editor at TechCentral, the South African source for technology news, reviews and opinion, and regularly provides insight into the technology industry for radio and television. Email him at az.oc.lartnechcet@giarc, follow @craigwilson on Twitter and connect on LinkedIn.
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