Digital newcomer Discovery Bank nears 500K customers
The digital bank says it has 489 000 clients as of 13 September, versus 370 000 accounts at the end of June.
TymeBank reaches new high, adds fast mode of transaction
The new kid on the banking block now has two million customers − a target reached five months ahead of the bank’s plans.
TymeBank, Discovery Bank see customer gains during lockdown
The digital banks report an upswing in on-boarding new customers, as more consumers look to branchless banking channels for their financial services.
Discovery Bank adds new customers despite COVID-19 setback
The bank says overall credit utilisation declined during the lockdown and arrears, including non-performing loans, are still within expectation.
Countdown begins for Michael Jordaan’s Bank Zero launch
The bank enters the final phase before launching next year and says it has already put safety nets on fraud and attacks.
Discovery puts digital bank at centre of strategy as profit drops
The new digital bank now has more than 22 000 clients, with over 50 000 accounts, after 1.5 million hours spent building 120 interconnected systems and infrastructure.
Slow migration leaves Discovery Bank clients frustrated
The digital bank calls for patience as it “slowly and responsibly” migrates its existing customers to the new banking facility.
How SA's big banks plan to tackle digital newcomers
Although welcoming competition in the market, the incumbent banks are watching the new players closely.
Michael Jordaan's digital bank edges closer to launch
New digital-only bank, Bank Zero, goes into beta testing, with plans to open in the second half of 2019.