Have you ever heard of financial fraud? It is when someone uses illegal or deceptive practices to harm or steal one’s financial health. This is sometimes referred to as white-collar crime. Financial providers have taken several measures to control this but it continues to be a global threat.
The advancement of technology in the financial sector has significantly enhanced the safety of financial assets. Financial services include a broad range of activities like banking, investing, and insurance. The financial sector needs more security and privacy to avoid thefts and other malfunctions. The use of new technological trends like AI and machine learning, integration of blockchain and cryptocurrency, and collaborative financial planning tools can make financial services more personalized and accessible to people along with making it safe and secure.
In this article, we discuss the role and journey of the leader Naas Jordaan, the managing director of MIP Holdings in transforming the financial sector with the use of technology.
Naas Jordaan – Managing Director
Naas Jordaan works as a managing director at MIP Holdings, he joined the company as an Executive Head of the Life Insurance Division in 2006. He holds a Bachelor of Engineering in Industrial from The University of Pretoria. Having more than 20 years of experience in software development and project management he has acquired strong organizational and leadership capabilities in this journey.
After graduation, Naas joined Fisher Consulting, a firm implementing a large-scale bespoke system. There he was responsible for the implementation of the system and in the operation of the first census that covered the entire population of South Africa. Before joining MIP Naas was a director at Magna FS for 16 years and worked as a consultant to the government. Later he joined MIP Holdings in the year 2006 as an Executive Head and had a strong impact on the growth of the organization. Naas played a key role in taking MIP from a small local operation to one that has more than 500 employees now.
After Naas’s immense contribution as Executive Head, he was later appointed as a Managing Director (MD) of MIP Holding in the year 2012. Jordaan after promotion as MD of life, employee benefits, healthcare, and managed care divisions of the business said that his first task is to ensure all systems are converted to MIP’s service-oriented architecture (SOA) platform. He also said, “Once that has been achieved, we will be in a position to exploit the synergies between all those businesses by building services on top of the SOA”. He also has a substantial shareholding in MIP.
Naas is passionate about implementing processes and procedures that ensure stable systems and also for building and maintaining excellent customer relationships. Naas believes in being productive instead of being busy. He quotes “Strive to beat your previous best”.
About MIP Holdings
MIP Holding is an IT company that delivers social and digital solutions to help financial providers stay ahead of today’s business requirements. MIP Holding was established in the year 1989 by Granville Dunbar. Richard Firth is the current CEO and chairman of the group.
MIP Holdings is the only software company in the world that provides different solutions for the entire financial service industry. It provides systems to accommodate the specialized administration needs of medical aids, employee benefits, life insurance, treasury, lending, collective investments, wealth management, and short-term maintenance and warranty. The Softer-as-a-Service technology-based unique billing model is helpful in outsourcing collaborations. The company includes over two decades of experience in financial service and adopts constant changes in technology and legislation to provide the best services to customers.
Naas Jordaan, the Managing Director of one of the leading South Africa’s largest independent software companies has made a major contribution to the growth of the organization. He joined MIP in 2016 and has played roles as an Executive Head of the Life Insurance Division and Managing Director. With his strong organizational, and leadership capabilities and technical skills he proves to be an asset to the company.