The Anglo-South African banking and wealth management group Investec has been in the thick of modernization using high-end technology for the past 5 years. Its strategic focus, besides making the company a digital enterprise, has also enabled it to have one in 4 of its employees a technology specialist. For it, the technology transformation has been smooth and seamless even as it continues to operate in a digital-first environment. It adopted a multidimensional partnership approach in all its digitization efforts. This has been achieved through strategic collaborations, funding for early-stage tech enterprises and high growth companies and acquiring fintechs.
For example, the company has partnered with OfferZen, a developer job marketplace that helps developers find a new job, and ultimately, make their next career move, and made its private bank accounts programmable allowing customers to code their own bank experience. The 2 companies are working together to enable developers to access the world of banking according to their preferences. The whole project is based on open banking technology.
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This story is from the September 2022 edition of Banking Frontiers.
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This story is from the September 2022 edition of Banking Frontiers.
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