Programme your bank account
Fintech set to change the way you transact
From limiting particular purchases to putting aside a dedicated Uber budget, fintech is set to change the way you transact
Struggling to stick to a diet? A debit card may soon help you do that by limiting the days on which you can buy fast food. It’s a hint at the life-changing potential that is possible when fast-changing technology meets the financial services sector. Root is a programmable bank account and debit card that allows software developers to get in on the financial technology (fintech) action and try their hands at building fintech products. Through Root, OfferZen, a local job portal for software developers, has partnered with Standard Bank to "open up the financial services world" to software developers, says OfferZen co-founder Malan Joubert. Accessible with code, Root comes with a programmable debit card, online banking interface, mobile application and application programme interface. Standard Bank provides the underlying banking services and securely stores users’ funds. Existing RootCode applications developed by test users include a limit on the days that fast food can be purchased, ...