GoTyme Bank migrates customers to its new app, as it discontinues its legacy digital banking platforms as part of a new strategy.
The digital bank targets 210 million global customers, as it rebrands and empowers 1 800 staff with a R100 million stake.
Challenger companies are increasing ICT competition, even as satellite and wireless telecoms are dominated by a handful of firms.
The bank’s “phygital” model combines upgraded digital services with in-person banking support across malls in Gauteng and Western Cape.
The digital bank accelerates client acquisition, as it deepens its footprint in an increasingly competitive retail banking market.
The branchless bank transitions to GoTyme Bank, marking its next step as part of the global Tyme Group.
Cyber security and financial experts warn of an increase in Remote Access Trojan malicious software.
The department welcomes the legal challenge, saying it will expose corporate profiteering at taxpayers’ expense.
The companies call for stronger protection, shared responsibility and smarter digital safety.
Cheslyn Jacobs aims to elevate the bank to a top three position, while investing in employees and customer experience.
Cash remains the dominant payment method in South Africa, although digital alternatives are gaining ground.
The digital bank receives approval from the South African Reserve Bank’s Prudential Authority to appoint Cheslyn Jacobs as its new CEO.
Motsepe’s ARC pumps R295m into Rain, TymeBank
In this week's tech news roundup, Businessman Patrice Motsepe-controlled African Rainbow Capital (ARC) has made an additional investment of R295 million in digital bank TymeBank and telecommunications company Rain. Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #arc #tymebank News Links: https://www.itweb.co.za/article/cell-cs-transfer-of-licences-to-blue-label-under-scrutiny/Gb3Bw7WaVENq2k6V https://www.itweb.co.za/article/nec-xon-refutes-alleged-breach-of-sandf-systems/mYZRX79gez6qOgA8 https://www.itweb.co.za/article/motsepes-arc-pumps-r295m-into-rain-tymebank/KBpdgvpmpdY7LEew https://www.itweb.co.za/article/amazon-takealot-accelerate-strategies-amid-competition/JN1gPvOAPaBMjL6m https://www.itweb.co.za/article/parliament-seeks-urgent-ministerial-intervention-on-sapo/raYAyqor5JmMJ38N
ITWeb TV: TymeBank prepares to become a full service bank | Ep #39
ITWeb Journalist Sibahle Malinga speaks to Cheslyn Jacobs, Chief Commercial Officer at TymeBank about new offerings in the pipeline, including commercial products and accelerating the bank’s virtual card services. #Tymebank #digitalbank #financial
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking