Why 25 million retail clients and a trusted billing relationship may matter more than owning fibre in the ground.
Browsing: Graham Lee
South Africa’s banks are taking divergent paths on AI, with Investec insisting people, not machines, define the institution.
Section 189 protects against retrenchments in South Africa. But natural attrition needs no consultation, and AI is accelerating it.
Capitec CEO Graham Lee has revealed the bank is seeking early access to Anthropic’s Mythos as cyber risks escalate for banks.
Capitec Connect users now call each other for free. It’s the latest blow to a product category that once built empires.
Capitec Connect will now offer free on-net calls and consumer financing for smartphones.
South Africa’s largest retail bank by client numbers says the roll-out has moved well past the experimental phase.
ID applications are the first use case, but passports and other types of documents are in the pipeline.
Capitec’s fintech bet pays off as mobile and value-added services now deliver over a quarter of bank revenue.
The newly appointed CEO of South Africa’s biggest bank by customers has a unique problem on his hands.