The Blog. Stay informed of industry and finance trends.

Finteq – Always evolving to ensure we stay ahead
Finteq is known as the leader in the evolution of modernised interoperable payment systems. In keeping with our ethos and

Why do we need EFT Payments?
You’ve heard of EFT payments, but you’re still unsure of what exactly they are or why they matter? Perhaps you’re looking for a more efficient way to manage payments? If you want to know all about EFT’s then, read on as we list all of the information you need to understand what exactly EFT payments are and give you the confidence to start using them.

Why Banks Need To Migrate To Digital Payments?
As most industries move closer and closer to digital transformation, there are even more compelling reasons as to why banks need to migrate to digital payments sooner rather than later.

What is Payments System Modernization?
While front-end systems may have improved in leaps and bounds in recent years, in many cases, back-end processing of transactions is still bound by legacy systems and many financial institutions are investigating or undergoing payments system modernization.

Landmark Product Release – Zimbabwe
Finteq Africa is proud to announce the recent go-live of their flagship product, FCH. This is an ISO 20022 EFT Clearing House solution, deployed into the Zimbabwe financial industry through the National Switch, Zimswitch.

Legacy Systems – Are They Doing Banks Justice?
You do not have to look far to find information on how legacy systems are letting banks down. Research by Fraedom found that almost half (46%) of bankers perceive legacy systems to be the biggest barriers to the growth of commercial banks.

Why is Payments Modernisation necessary?
Most banks are in the process of investigating modernising their payment systems, which will allow them to accommodate the most

Why banks outsource software development to external software companies
There are many reasons why a company outsources parts of their business including reducing costs and improving efficiency, but why

What is the SADC low value cross border EFT credit push system?
Proposed more than 15 years ago, the SADC cross-border payments initiative is fast becoming a reality. SIRESS (SADC Integrated Regional