In this Business Talk with Michael Avery interview, Standard Bank\u2019s Kent Marais and Ontiretse Modise discuss how South Africa\u2019s payment ecosystem has evolved in recent years to address cybersecurity threats.<\/p>\n\n\n\n
Marais is the Head of Payments and Collections at Standard Bank CIB, and has worked at the bank for over 13 years.<\/p>\n\n\n\n
During this time, he has held several important positions – including Head of TPS Product Management, Group Head of Digital Channels, and Head of Platform Domain.<\/p>\n\n\n\n
Before this, he worked as the General Manager of Africa Transactional Banking Services at Nedbank.<\/p>\n\n\n\n
Modise is the South African Head of Cash Management and Transaction Banking for Standard Bank CIB.<\/p>\n\n\n\n
He has worked for Standard Bank since starting his career as a financial analyst in 2007.<\/p>\n\n\n\n
Modise has held many key positions at Standard Bank during his career, including Financial Manager, Clients Solutions Manager, and Head of Resources, Infrastructure and Public Sector.<\/p>\n\n\n\n
In this Business Talk interview, Marais and Modise detail how the payments landscape in South Africa has changed in recent years.<\/p>\n\n\n\n
Modise unpacks the new security risks that have emerged due to these changes \u2013 after which Marais explains how these risks have forced financial institutions to improve their cybersecurity posture.<\/p>\n\n\n\n
Modise then reveals the areas where Standard Bank CIB has implemented major cybersecurity improvements to protect customer data.<\/p>\n\n\n\n
Marais concludes the interview by offering advice to businesses that regularly process payments.<\/p>\n\n\n\n
Watch the full interview with Kent Marais and Ontiretse Modise below.<\/p>\n\n\n