Altron FinTech prides itself on constantly researching, developing, and utilising technology to allow our customers to focus on their core business. Our portfolio of solutions include: debit order processing, payment and switching services, card personalisation and issuance, credit management software as well as debit and credit card payment solutions. We also provide solutions to the consumer market for person-to-person payments and value-added services.
Altron FinTech
Altron FinTech Newsletter Issue 4
Altron FinTech has had an exciting year, with new innovations on the rise and fantastic products will be introduced to the market.
In this issue, we discuss what’s going on in the industry regarding PCI compliance, which is of critical important in how we operate, NuPay’s EMV NuCard, which is a fantastic alternative in helping your business go cashless, Delter’s creditors management software, which is set to revolutionize the microfinance industry, and their other latest innovations. We also take a look at why it is so important to register with the NCR if you are extending credit, besides the compliance aspect, the NCR also provides a host of services to you to make better credit extension decisions.
Altron FinTech Short-term Credit Impact (AFSCI)
The AFSCI Index has been developed on behalf of Altron FinTech by Keith Lockwood, an independent economic consultant and adjunct faculty member of the Gordon Institute of Business Science.
We have released our latest Short-term Credit Impact Index, known as the AFSCI Index tracking the impact of short-term credit extension on the South African economy. The index is compiled independently by economist Keith Lockwood each quarter.
Based on National Credit Regulator (NCR) data for the second quarter of 2022, there was a significant increase of almost 10% in the AFSCI Index when compared to the first quarter of the year. However, relative to a year earlier, the index is down just over 1%.
Altron FinTech Household Financial Resilience Index (AFHRI)
In recognition of the need for data that provides more clarity on the financial disposition of households in general, and their ability to cope with debt in particular, Altron FinTech commissioned economist and economic advisor to the Optimum Investment Group, Dr Roelof Botha, to assist in designing this index. The AFHRI comprises 20 different indicators, weighted according to the demand side of the short-term lending industry and calculated on a quarterly basis, with the first quarter of 2014 being the base period, equalling an index value of 100.
Please join Altron Fintech’s MD, Mr Johan Gellatly, and Dr Roelof Botha, economic advisor to the Optimum Investment Group, who developed the AFHRI on behalf of Altron Fintech for the Q2 2022 results.
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What Makes Us Different
Altron FinTech offers high quality solutions driven by innovative technology assisting businesses to thrive and grow. We pride ourselves on our “always on” PCI-DSS compliance.
2
Total NuCards issued
8,000
Total of businesses using our solutions
4
Annual Credit Searches
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- DebiCheck & Delter – An integrated solution for your microfinance business
by Admin on 24 Nov 2022 at 1:20 pmManaging credit and loan solutions should be simple and efficient for you and your clients. Following up on payments and collections can be time-consuming and this is where DebiCheck and Delter come in to make this process simple and efficient. Our solutions integrate and operate smoothly for your convenience, whether you run your microlending business locally from an office or manage all of your lending centrally via the internet. With Delter you can manage all your lending from one versatile platform, our solutions include:
- FinTech NuCover – so much more than just insurance
by Admin on 11 May 2022 at 11:34 amVaughn Hechter, Head: Customer Services for NuPay and Delter. NuPay and Delter are proud to announce the launch of a brand new, exciting product – FinTech NuCover. Through the FinTech NuCover solution, NuPay/Delter customers will now have the opportunity to offer their customers credit life as well as funeral cover policies.
- Keeping our finger on the pulse of the market with the Altron FinTech Healthcare Solutions team
by Admin on 11 May 2022 at 10:52 amJohan Roos, Senior Manager, Business Development. The South African FinTech space is constantly evolving and companies that want to thrive need to keep their finger on the pulse of what the market needs, and how they can offer solutions that meet these needs to customers.
