Fintech can unlock business potential of African banks

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Cape Town - Fintech is turning traditional banking on its head and is disrupting the way ordinary Africans manage and use their money.

Digital innovation in banking offers potential rewards for banks and can lead to increased revenues from innovative offers and new business models. In addition, it can lead to lower operational costs from automation, digitisation and transaction migration.

Speaking at a Fintech Innovation Business Forum hosted by the Cape IT Initiative and Innovation Norway, Arise CEO Deepak Malik highlighted the importance of financial service providers investing in this critical sector through collaboration with fintech innovators.

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