fintech
Capital Appreciation banking on AI for the future
As machine learning mushrooms, fintech software is a potential money-spinner for Capital Appreciation
11 July 2019 - 05:00
With four digitally enabled banks launching in less than a year, SA’s financial services sector has become a lucrative environment for fintech software developers like Capital Appreciation’s (Capprec) Synthesis business.
In Capprec’s results to end-March, Synthesis grew revenue by 48% and contributed a quarter of the group’s operating profits, from 17.6% in 2018.
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