• About
  • Advertise
  • Careers
  • Contact Us
Friday, June 27, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Economy Fintech

How Efficient Group and Braintree are Changing South Africans’ Financial Service Experience

The Efficient Group has over 500 employees, many of whom operate remotely and in field, in addition to partnering with more than 200 financial advisors across South Africa.

by Staff Writer
August 27, 2024
in Fintech
0
Doug Morrison - Braintree
Doug Morrison - Braintree

Doug Morrison - Braintree

UBA
Advertisements

Leading financial services provider, Efficient Group, is reaping the rewards of an infrastructure modernisation programme, made possible through a partnership with Braintree.

Core to this move has been the consolidation of data from a multitude of financial services providers into one Efficient group database – the single view of and for the client.

An initial in-depth needs assessment and Microsoft Cybersecurity Assessment also revealed potential security vulnerabilities that required resolution.

As a Microsoft Dynamics partner, Braintree facilitated the implementation of Azure as a secure, powerful foundation on which to seamlessly integrate all business operations.

What has resulted is a first of its kind app for South African investors that provides a 360-view of all financial services related products and services.

Improvements in productivity and compliance were catalysts for this systems upgrade, with security being the biggest priority.

The Efficient Group has over 500 employees, many of whom operate remotely and in field, in addition to partnering with more than 200 financial advisors across South Africa.

The need to solve complex data sharing challenges and the mitigation of common threats were integral to the modifications undertaken.

With the ageing and increasingly complex infrastructure no longer able to interoperate as efficiently as needed, a wealth of Microsoft opportunities were uncovered, and the Efficient Group were fully onboarded to Microsoft 365 and its data centre transformed and moved to Azure.

The group is now running on a 96% Microsoft Secure score, in line with international best practice.

Other Microsoft capabilities such as Teams were also used as a solution to consolidate vast amounts of emails, online video calls, collaborative spreadsheets and documents shared between employees from multiple locations.

Through this process, Braintree also limited overspending and under utilisation by doing a comprehensive review of all licenses and productivity suites.

“Financial services have historically been technology laggards, but we are building platforms that will make us a pioneer, based on future proof infrastructure,“ says Heiko Weidhase, chief executive officer of the Efficient Group.

The app, which has been a work in progress for ten years, would not have been possible without the advanced digital solutions now available, the scalability of the cloud, improved connectivity and the enhanced security which is now fully incorporated into the system.

Doug Morrison, Strategic Head Microsoft 365 Braintree, says that the interoperability enabled by Microsoft eliminates complicated development.

“As partners, we are reaping the rewards of the investments Microsoft has made over the past 8 years across security for infrastructure, networks, applications and devices – so we have a totally robust solution to take to market,” he says.

Not only has this integration enhanced efficiency and security within the group, but it has provided users with a secure, consolidated and easy-to-use overview of their investments, irrespective of platform or product provider.

Weidhase  says that most South Africans don’t save enough for retirement because they don’t fully understand how much they have invested.

This new app enable investors with instant access to information to enhance their investment decisions.

In line with Efficient Group’s strategy to harness technology to drive value for its clients, this app is just one of the innovations that the company plans to roll out in future, all enabled by the infrastructure and security upgrade to Azure.

Up next will be the launch of their financial well-being app for mobile and desktop, to be released later this year.

The app will integrate with a multitude of product providers, empowering clients and advisors to work together to achieve better outcomes.

Loading

Advertisements
MTN ADS

0Shares
Tags: BraintreeDoug Morrison
Staff Writer

Staff Writer

Next Post
Facebook Pressured to Censor

Facebook Pressured to Censor COVID-19 Content -  Mark Zuckerberg

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

BT Group 5G in UK

BT Plans to Cover 90% of the UK with 5G by 2028

1 year ago
Redmi-Note-13-Pro-5G

Top Xiaomi Phone, Pad Releases in 2024

1 year ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.