Discovery Bank doing live system tests

Discovery CEO Adrian Gore previously said South African banks are worried about Discovery’s entrance into the market
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Good. They should be worried...
 
Discovery Bank doing live system tests

Test 1 is probably changing the terms and conditions of the banking service in realtime (because it's Discovery) :p
 
Discovery CEO Adrian Gore previously said South African banks are worried about Discovery’s entrance into the market, as it will be disruptive.
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Lol not Capitec with their growth but if you spend so much money on this you have to hype it up.

“The value proposition itself will be good for customers. I mean, that is what we do,” said Gore.
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That's what Capitec provides already.

He said using incentives to change behaviour works well, and they can add value with their model of sharing value and creating behaviour change.
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Yeah no, I'm not a monkey for you to train plus it worked wonderful for ebucks that gets locked down more by the minute.
 
backstreetboy said:
That's what Capitec provides already.
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For a limited segment of the market (not so much on saving solutions except saving accounts, 0 on car/house and loans, not on investment, not on the upper segments and value added proposals).

Discovery will definitely not target the same population than Capitec.
 
backstreetboy said:
Lol not Capitec with their growth but if you spend so much money on this you have to hype it up.

That's what Capitec provides already.

Yeah no, I'm not a monkey for you to train plus it worked wonderful for ebucks that gets locked down more by the minute.
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Capitec seem to have trained you fairly well it seems....
 
f2wohf said:
For a limited segment of the market (not so much on saving solutions except saving accounts, 0 on car/house and loans, not on investment, not on the upper segments and value added proposals).
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They have partnered with SA homeloans and for investing do it through a proper LISP.

Discovery will definitely not target the same population than Capitec.
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Seems to be if I read the article which you probably didn't do.
Discovery Bank will target the “mass affluent market”, which Gore said covers “a low LSM right the way to the top”.
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backstreetboy said:
They have partnered with SA homeloans and for investing do it through a proper LISP.

Seems to be if I read the article which you probably didn't do.
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Middle+ and top are definitely not Capitec's target or reach.

Can you leave me the liberty of investing how I want and find it convenient to have deposit accounts on the same platform than my banking platform or is it too much to ask?

Still missing car, loans other than house, value added and investment to be even considered by me as a bank.

I see Capitec more as a cheque and credit card provider than a full bank to be honest.
 
backstreetboy said:
Seems to be if I read the article which you probably didn't do.
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mass affluent market

affluent
ˈaflʊənt/Submit
adjective
1.
(especially of a group or area) having a great deal of money; wealthy.
"the affluent societies of the western world"
synonyms: wealthy, rich, prosperous, opulent, well off, moneyed, cash rich, with deep pockets, well-to-do, comfortable; More
2.
archaic
(of water) flowing freely or in great quantity.
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Seems you are the one who can't read. They are not targeting the Capitec clientele at all.
 
f2wohf said:
Middle+ and top are definitely not Capitec's target or reach.

Can you leave me the liberty of investing how I want and find it convenient to have deposit accounts on the same platform than my banking platform or is it too much to ask?

Still missing car, loans other than house, value added and investment to be even considered by me as a bank.

I see Capitec more as a cheque and credit card provider than a full bank to be honest.
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100% this..

and even the credit section is unsecured high risk credit so not something I want to partake on very often.

The cheque part is useful yes, but it loses some of its usefulness when its not on the same platform as some of my other financials.
 
f2wohf said:
For a limited segment of the market (not so much on saving solutions except saving accounts, 0 on car/house and loans, not on investment, not on the upper segments and value added proposals).

Discovery will definitely not target the same population than Capitec.
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Will Discovery Bank?
 
supersunbird said:
Will Discovery Bank?
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I don't know.

I don't plan on moving banks anyway, except if they have something really amazing that my current bank doesn't have.

I was only answering to Capitecfanboy's comment.
 
f2wohf said:
I don't know.

I don't plan on moving banks anyway, except if they have something really amazing that my current bank doesn't have.

I was only answering to Capitecfanboy's comment.
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He can be quite irritating, and I am saying that as a fanboy of theirs myself!
 
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