Lifting fintech funding will improve diversity in founder community
We desperately need much more funding for fintech to seed fund, commercialise and scale the innovations and power SA’s contribution to the development of global solutions
Fintech solutions can empower Theuns in Melville to easily access a low priced loan from his feature phone or smartphone, and Gugu in Bishopscourt can use the extra funds not used from the payout of life insurance to invest in long-term savings via an app, both while accessing financial education at the same time.
Know Your Client (KYC) and fraud risk management solutions are most valuable now because the total global cost of fraud is $3-trillion — dealing with the scary Experian data breach is a case in point. And, digital identity is a process digitisation enabler as enterprises need to authenticate the customer continuously to avoid fake claims. Fintech solutions to solve pain points like these are crucial...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.