The Standard Bank digital journey
Our future depends on becoming a truly digital financial services Group.
It really is as simple as that: If we don’t become a digital leader, the Standard Bank Group will become irrelevant. For this reason, I’m not temporarily ‘double-hatting’ as Group Chief Executive and Head of Digital. They are the same job - the single most important thing that the Group CEO can do is ensure that we continue to accelerate our digital journey.
2018 has been a year of excellent digital progress. Over the past year we have:
- Achieved ever-increasing speed of delivery of features on the Standard Bank mobile banking app. We are now able to update the app every 4 to 6 weeks to 12 countries simultaneously, for both phone and tablet on both Android and iOS. The app is central to empowering our clients through facilitating financial inclusion.
- Continued to grow the Business Online corporate banking offering across Africa Regions and increased functionality on our forex app Shyft, which is now also available to non-Standard Bank clients
- Delivered the Wealth My360 application which gives our clients a comprehensive view of their assets.
- Partnered with Founders Factory, a leading tech start-up accelerator and incubator, to grow 100 disruptive tech start-ups across Africa over the next five years; enabling African companies to innovate and digitise for African needs.