Capitec's big IT edge

[Hanno Labuschagne]

Capitec's big IT edge

Being able to build its IT infrastructure from scratch gave Capitec a significant advantage over South Africa's incumbent banking giants, Absa, FNB, Nedbank, and Standard Bank.

In his new book, Capitec: Stalking Giants, author TJ Strydom underscores how the upstart bank's lack of legacy technology baggage allowed it to take on the big players — and win.

 

[oros]

I like tymebank and bank zero more. But bank zero is slow in bringing new things like payshap

 

[Johand]

I must protest - a lot of legacy IT is about legacy *business* and IT is just one symptom.

The number of systems that needs to be maintained to support legacy contracts and accounts can be nuts.

Capitec's IT system cost is lower because they don't have the range of different products and variations that these other banks have.

 

[Swa]

Capitec is experiencing issues they're not addressing and going the same way as the others. They even have the MVNO penis.

 

[airborne]

But then why is Capitec down so often??
Maybe legacy ain't so legacy after all but the again all the banks are up to sht, 6 of one and half a dozen of the other.