for subscribers

Fintech can unlock business potential of African banks

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
iStock

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.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.04
(-0.38)
ZAR/GBP
21.81
(-0.11)
ZAR/EUR
19.90
(-0.12)
ZAR/AUD
12.03
(-0.12)
ZAR/JPY
0.16
(-1.12)
Gold
1860.65
(+0.03)
Silver
22.87
(+0.11)
Platinum
844.51
(+0.50)
Brent Crude
42.23
(-0.12)
Palladium
2207.00
(+0.59)
All Share
53587.11
(-1.22)
Top 40
49547.74
(-1.16)
Financial 15
9401.28
(-1.95)
Industrial 25
72949.70
(-1.72)
Resource 10
53453.42
(-0.10)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1368 votes
It depends on how the funds are used.
73% - 8866 votes
No. We should have gotten the loan elsewhere.
16% - 1959 votes
Vote