Browsing: Capitec

Banking
Standard Bank branch cuts are long overdue

The decision by Standard Bank to close 91 branches and cut 1 200 jobs is not at all surprising – the only surprises were that the bank announced it publicly and that it did so before elections in May.

Banking
Banking apps boom as usage skyrockets

South African banks are reporting phenomenal growth in the use of banking apps despite the country’s finite banked population, stagnant levels of smartphone penetration and relatively low levels of financial literacy.

News
FNB named SA’s best digital bank

First National Bank has squeaked past Capitec to be named South Africa’s best digital bank, according to a new, independent study by Columinate. The insights agency on Monday released its seventh annual

News
Inside Michael Jordaan’s new digital bank venture

Bank Zero appears set to accelerate the evolution of the South African banking industry by offering a fresh take on banking and highly competitive fees. The bank – the brainchild of tech entrepreneurs and banking innovators Michael

News
Digital banking fast gaining traction in SA

Investments made by banks to beef up their digital capabilities and offer clients cost-effective services appear to be paying off. Detailed figures disclosed in the financial results of four of the five largest banks in

News
Capitec aims for digital-only bank overseas

Capitec Bank hopes that its acquisition of Creamfinance, a European online lending firm, will eventually lead the establishment of a digital-only bank overseas. “We’re building a digital bank on this side and they’re

News
Capitec goes global

Capitec is to acquire a stake in a European online lending group, marking its first entry into international markets. The group is to purchase a 40% stake in digital finance company

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