We complete more tech projects in a month than other banks do in a year - FNB CEO

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
FNB CEO, Jacques Celliers
Photo: Supplied by FNB
FNB CEO, Jacques Celliers Photo: Supplied by FNB

It might have pioneered mobile and online banking in SA and it became the first among its peers to have an e-currency with its eBucks. Still, whatever innovation FNB brought to have a competitive edge, it didn't take long for other banks to replicate.

Now, a few years after the bank introduced its nav» platform, allowing the bank to do more than just sell banking and insurance products on its app, other banks are also becoming a little bit of everything to everyone, too.

The concept of going beyond digital banking to become a "platform business", reminiscent of Amazon or Alibaba, is now the flavour of the day. But FNB CEO Jacques Celliers says no amount of innovation from the other banks will match the bank's decades of preparing for the digital economy.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
15.04
-1.4%
Rand - Pound
20.67
-1.3%
Rand - Euro
17.44
-1.5%
Rand - Aus dollar
11.30
-1.7%
Rand - Yen
0.13
-1.8%
Gold
1,797.17
+0.2%
Silver
24.08
-0.3%
Palladium
1,961.53
-2.4%
Platinum
1,013.50
-1.8%
Brent Crude
86.40
+0.5%
Top 40
60,874
-0.3%
All Share
67,475
-0.2%
Resource 10
63,082
-0.9%
Industrial 25
87,253
+0.1%
Financial 15
14,054
+0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Facebook is facing a fresh crisis after a former employee turned whistle-blower leaked internal company research . Do you still use Facebook?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, the benefits outweigh the risk for me
27% - 355 votes
No, I have deleted it
44% - 588 votes
Yes, but I am considering deleting it
30% - 395 votes
Vote