The Science Of ...

Not fond of your bank/insurer/advisor? Cheer up! Soon you won’t need them...

I think the banks are very scared.

Stephan Lamprecht, Venture Solutions

Financial technology, also known as FinTech, usually refers to software that provides financial services.

FinTech companies are often start-ups founded with the purpose of disrupting incumbent financial systems and corporations.

The Money Show’s Bruce Whitfield interviewed Stephan Lamprecht (Consultant in Innovation Management and Commercialisation at Venture Solutions) for his weekly “The Science Of” feature.

Scroll down for quotes from the audio below.

An ATM is also financial technology.

Stephan Lamprecht, Venture Solutions

Players who aren’t banks are moving into the banking environment. The resources, however, are still slanted towards the banks.

Stephan Lamprecht, Venture Solutions

Disruption will come from entities that are not banks.

Stephan Lamprecht, Venture Solutions

I wouldn’t necessarily say banking is under threat.

Stephan Lamprecht, Venture Solutions

Banking is not going to be around in the long-term.

Stephan Lamprecht, Venture Solutions

Up to 50% of South Africa’s population remains unbanked.

Stephan Lamprecht, Venture Solutions

The Big Four banks find it difficult to compete with the simplicity that Capitec Bank brings to the market.

Stephan Lamprecht, Venture Solutions

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Land reform – done right – can make South Africa prosperous (and more peaceful)

Land reform – done right – can make South Africa prosperous (and more peaceful)

Bruce Whitfield interviews the famed Roelf Meyer who (with the Land Bank) is working to promote transformation in agriculture.

How De Beers uses ‘carbon storage’ tech to offset its emissions

How De Beers uses ‘carbon storage’ tech to offset its emissions

The Money Show’s Bruce Whitfield interviews De Beers Project Lead for the Carbon Storage Project Dr Evelyn Mervine.

Hedge funds 101 (seemingly complex; but they can make you wealthy)

Hedge funds 101 (seemingly complex; but they can make you wealthy)

Hedge funds use complex techniques to construct portfolios and moderate risk. Bruce Whitfield interviews Citadel’s George Herman.

How to find a great property rental deal (or great tenant)

How to find a great property rental deal (or great tenant)

Renting? Letting? Bruce Whitfield checks out an amazing new platform that connects tenants with property managers.

Eskom explains why we need nuclear (and why corruption shouldn't be a problem)

Eskom explains why we need nuclear (and why corruption shouldn't be a problem)

The Money Show’s Bruce Whitfield interviews Eskom Chief Nuclear Officer David Nicholls.

Is the investment industry about to be ‘Ubered’?

Is the investment industry about to be ‘Ubered’?

From platforms that provide low-cost access to the JSE, to “robo-advisors” - the times they are a-changin’…

Popular articles
Courtney Pieters' alleged killer 'fears for his life' as he awaits trial

Courtney Pieters' alleged killer 'fears for his life' as he awaits trial

The man accused of killing Courtney Pieters faces murder, kidnapping and two rape charges in the case postponed to next week.

Is the craft market overtaking shopping mall culture?

Is the craft market overtaking shopping mall culture?

Kieno Kammies holds an interesting discussion about mall culture fading.

Cloud eggs are a new craze, here's how it's done (with no egg on your face)

Cloud eggs are a new craze, here's how it's done (with no egg on your face)

Kieno Kammies shows us how to make these fluffy clouds with their sunshine centres, a fad that's sweeping across social media.

'How families raise boy children is key to changing rape culture'

'How families raise boy children is key to changing rape culture'

Prof Kopano Ratele talks about what needs to be done following the outrage at the brutal killing of Karabo Mokoena and others.

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

How did Ngebulana build his empire? The Money Show’s Bruce Whitfield interviewed him for his weekly “ShapeShifter” feature.

Earn peanuts? How to best invest very small amounts...

Earn peanuts? How to best invest very small amounts...

Got a spare R200 or R300 a month? Here’s how to make that money work hard and grow…

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...