Discovery Bank adds crypto trading, AI monitoring, and in-app insurance
Clients can link to their existing Luno accounts – or create one in-app – to buy, hold, and sell more than 50 crypto assets.
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PA fines Discovery Bank R3m for FICA compliance failures
A 2021 inspection found late submission of suspicious activity reports, inadequate staff training, delayed monitoring responses, and shortcomings in the bank’s RMCP.
Discovery Group lifts annual profit by 29% to R15.2bn
Discovery Bank reported its first profitable half, while Discovery Insure’s operating profit jumped by 229%, helped by lower claims and favourable weather.
Capitec joins Pick n Pay banking network
While other banks scale back, Capitec is expanding its footprint – joining Pick n Pay’s in-store banking and actively opening new ATMs nationwide.
South Africans swipe more, save less as financial strain deepens
The SpendTrend25 report reveals how high interest rates and stagnant incomes are pushing consumers towards credit, loyalty rewards, and early retirement withdrawals.
Where the money goes: how South Africans are spending – and why cash is dying out
A new report shows that while most spending still goes to food, fuel and travel, the real shift is in how South Africans are paying – with digital tools rapidly replacing cash across all age and income groups.
Holiday season spending soars: cash remains king amid festive shopping frenzy
BankservAfrica data shows cash demand remained high in December, with online shopping also seeing record growth.
How consumers feel about the country’s big retail banks
One digital bank emerges head and shoulders above the rest in the 2024 South African Banking Sentiment Index.
Discovery delivers strong profit growth, boosts dividend by 38%
The financial services group reports a 17% rise in normalised operating profit to R11.6bn, with strong performance from its South African businesses.
Discovery, Metropolitan, and Assupol shine at Orange Index Awards
The leading independent benchmark for customer experience is a localised strategic measure that directs and supports leadership decisions on customer relevance.
Discovery Bank hits milestone of 1 million clients
Within five years of operation, Discovery Bank has differentiated itself in a competitive market by leveraging its shared-value model and innovative financial products.
OBS reports record high complaints in 2023 as it transitions to NFO
The Ombudsman for Banking Services was kept busy with complaints about current accounts, loans, savings accounts, credit cards, and home loans.
Discovery Bank launches ‘shared-value’ home loan product
The bank claims its dynamic interest rate offering will allow clients to save up to R2.8 billion in interest repayments a year.
Black Friday: retailer payday or sales fizzle?
Shopping statistics reveal top trends in consumer purchases over the Black Friday weekend.
