The digital bank’s first full-year profit of R370-million comes as Discovery ramps up its bet on AI.
Browsing: Fintech and payments
Discovery is paying up to R958-million for Icario, a US member-engagement firm serving government health plans.
Reserve Bank governor Lesetja Kganyago signals a payments bill that will treat fintechs like banks on like activities.
The banks cannot reach South Africa’s R197-billion informal retail market. Three other contenders think they can.
Bank robberies fell to just two incidents in 2025 while digital banking claims climbed to R2.4-billion.
South Africans are increasingly being targeted by AI-generated fraudsters who sound just like bank employees.
Standard Bank Group’s banking IT costs grew just 2%, but cloud spending surged 37% as amortisation fell away.
Smart ring start-up VezoPay has doubled its banking partners, and expects to have signed up five banks by year-end.
Brics nations are discussing potential linkages between their fast payment systems and central bank digital currencies.
Financial markets are on the verge of their biggest infrastructure change since trading moved from paper to screens.