STEPHEN CRANSTON: The new bank battle
TymeBank now has 630,000 customers, well ahead of Discovery Bank, which has barely 10,000, and Bank Zero, which hasn’t even launched
15 August 2019 - 05:00
It is easy to be sceptical when a CEO resigns to "spend more time with his family". It is often a polite way of saying he was dismissed. But in the case of Sandile Shabalala at TymeBank I think we can take it at face value. Shabalala’s strength is in business and corporate banking. He doesn’t fit into the mould of a computer geek starting a fintech.
And TymeBank must have been quite a culture change after Nedbank: the large banks have armies of people to do the heavy lifting...
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