The technology is state of the art… it’s intuitive… you can open an account in three minutes… We don’t see any use for branches at all… You get instantaneous, super-secure processes…— Adrian Gore, Discovery Group
South Africa got a brand-new bank on Wednesday – Discovery Bank.
There are five new or repackaged banks launching over the next few months.
Most will be digital-only, without physical branches.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
I don’t think you should go into banking if you are capital short…— Adrian Gore, Discovery Group
The bank is aimed at people who do manage their money well…— Adrian Gore, Discovery Group
An emerging South African bank should reflect transformation… We don’t want to fight… We’re a nation builder…— Adrian Gore, Discovery Group
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Michael Jordaan, co-founder and Chairperson at Bank Zero.
Capitec Bank is South Africa’s largest bank by the number of customers, according to the BRC Products and Brands Module survey.
Recession? What recession? (Your move, Viceroy!) The Money Show’s Bruce Whitfield interviews Capitec Bank CEO Gerrie Fourie.
The Money Show’s Bruce Whitfield interviews Brand Finance South Africa Director Jeremy Sampson.
The once-tiny bank is big. Very, very big, according to data from the 2017 Publisher Audience Measurement Survey (PAMS).
The Money Show’s Bruce Whitfield interviews Discovery Limited Group CEO Adrian Gore.
Richard Peirce discusses his documentary 'Lions, Bones & Bullets', which follows the trade to the Far East.
Baloyi became SA's youngest mayor in 2013. He talks about 'being born into politics' and the principles that guide him.
Load shedding has been suspended for Sunday, but the system remains 'unpredictable'.
Parenting expert Nikki Bush has valuable pointers on what to keep in mind when matching your child to a school.
Former president Jacob Zuma arrived at OR Tambo International where supporters waited to give him a hero's welcome.
The music icon and Ladysmith Black Mambazo founder is being laid to rest in his home town in KwaZulu-Natal.
Eskom says 'improved generation system performance' will allow it to suspend load shedding at 5pm on Saturday.
The Ladysmith Black Mambazo founder will be laid to rest in Ladysmith on Saturday.
Stage 2 power cuts are scheduled until 6 am on Sunday, but Eskom says this could be extended.
Joanne Joseph spoke to Play Africa founder and CEO Gretchen Wilson-Prangley on International Language Day.