This is what will make Discovery Bank different: CEO

[BusinessTech]

This is what will make Discovery Bank different: CEO

There is considerable debate about Discovery’s entry into banking, but the company has made it clear that it wants to disrupt the established market.

 

[ekske1]

Race based shares?

Spoiler

“There is no conceit in our entry to banking, rather confidence in our purpose and model, respect for our competitors, and importantly, belief in our country, Gore said.

 

[bromster]

Well it certainly disrupted my intention to buy shares.

 

[Johnatan56]

Nothing in that article makes me want to move to discovery Bank, there is not one actual advantage listed.

 

[Lew Skannen]

Discovery Bank can go f**k themselves. Hope they still find a few stupids who can carry their business for them.

 

[noxibox]

Our core purpose is ‘to make people healthier’

No their core purpose is to externalise costs.

Our approach is to use incentives to change irrational lifestyle choices

Rather they're choices that may not make sense to him.

 

[Thor]

Yes they will fail, I had high hopes, but they won't disrupt FNB and Standard Bank.

Then there's bankzero left they won't compete with the established banks and I don't see them offer anything more than why TymeBank is doing and they won't switch over capitec users.