2018 will see the commercial launch of Root – a bank account which comes with a programmable credit card, online banking interface, mobile app, and APIs.<\/p>\n
OfferZen said Root is developed in partnership with Standard Bank, which provides the underlying banking service.<\/p>\n
A Root account enables software developers to build a fintech product without special access to the banking world.<\/p>\n
The platform is currently in beta, with a group of programmers developing commercial services.<\/p>\n
Malan Joubert, cofounder of OfferZen, told MyBroadband they have also expanded Root to include programmatic access to your bank account and insurance APIs.<\/p>\n
\u201cThe insurance APIs have already been used by a team of beta users to create an insurance product<\/strong><\/a> which is live in the market,\u201d said Joubert.<\/p>\n OfferZen is currently finalising legal infrastructure, after which it will launch the product.<\/p>\n At the centre of the account is the Root credit card, which allows a user to write code that interacts with transactions in real-time.<\/p>\n The code, dubbed RootCode, is securely stored in the cloud by Root.<\/p>\n Through RootCode and other APIs to the bank account, users can build any feature they like and integrate it with other services to expand their account\u2019s functionality.<\/p>\n As an example, Root beta users have written RootCode apps, including:<\/p>\n If a user has built something with Root, they can share it with other developers on the Root platform.<\/p>\n Standard Bank will also provide support for developers to scale Root apps.<\/p>\n High-potential applications developed in Root can also be launched to all Standard Bank customers through Standard Bank\u2019s dedicated API strategy.<\/p>\n Root will launch a bank account which comes with a programmable credit card.<\/p>\n","protected":false},"author":23,"featured_media":205876,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[10106],"tags":[35,41209,38978,1851],"class_list":["post-242210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-headline","tag-offerzen","tag-root","tag-standard-bank"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/242210"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=242210"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/242210\/revisions"}],"predecessor-version":[{"id":242838,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/242210\/revisions\/242838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/205876"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=242210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=242210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=242210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}How Root works<\/h3>\n
\n
Now read:\u00a0Root \u2013 A revolutionary, programmable credit card for South Africa<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"