Capitec Bank presents digitalization case study at the Gartner Symposium/ITxpo 2017


World’s best retail bank details its journey to mobile-first success using Entersekt technology

Egham, UK, 25 October, 2017 – Capitec Bank, a fast-growing South African retail bank, will give audience members at the Gartner Symposium/ITxpo 2017 in Barcelona, Spain a look into its digital journey to becoming the best retail bank in the world as rated by the Lafferty Group, in a presentation sponsored by Entersekt. Michael Swart, head of delivery channels at Capitec Bank, will present its story as a case study, sharing lessons learned in successfully implementing a transformative, mobile-first strategy.

Swart will provide insight into Capitec’s Global One account, an easy-to-understand, transparent banking product that has an affordable, transaction-based pricing structure and is secured by technology from Entersekt, the leading provider of mobile push authentication. Entersekt’s flexible, scalable and mobile-oriented solution was the perfect fit for Capitec’s revolutionary approach.

“We weren’t just another clever FinTech company launching a smart new digital product into a niche market,” explained Swart. “Our focus was instead on identifying the gaps in what the traditional banks offered, and providing the services that our clients actually needed. Entersekt enabled us to implement a world-first in banking, called push authentication.”

Capitec’s forward-thinking banking strategy has not only led to it becoming South Africa’s fastest growing bank, but the fastest growing brand in the country overall, according to the 2017 Brand Finance South Africa 50 report. Those attending the Gartner Symposium/ITxpo 2017 in Barcelona, Spain on Tuesday 7 November are invited to attend the presentation from 13:00 to 13:30 in Ballroom C of the Hilton.

For press enquiries, or to arrange a meeting with Michael Swart, head of delivery channels at Capitec Bank and Gerhard Oosthuizen, CIO at Entersekt, please contact: Beth Smith, beth@eskenzipr.com.


About Gartner Symposium/ITxpo 2017
Gartner Symposium/ITxpo is the world’s most important gathering of CIOs and senior IT executives. This event delivers independent and objective content with the authority and weight of the world’s leading IT research and advisory organization, and provides access to the latest solutions from key technology providers. CIOs and IT executives rely on Gartner Symposium/ITxpo to gain insight into how their organizations can use IT to address business challenges and improve operational efficiency. For more information, please visit https://www.gartner.com/events/emea/barcelona-symposium.

About Capitec Bank
Founded in 2001, Capitec Bank is South Africa’s fastest growing retail bank, with more than 9.2 million clients and over 810 branches nationwide. Its account offer, Global One, gives customers control with a range of transacting, saving and credit options which are accessed by card, cell phone or the Internet in real time. Read more at www.capitecbank.co.za.

About Entersekt
Entersekt is an innovator in push-based authentication and app security. The company’s one-of-a-kind approach harnesses the power of digital certificate technology with the convenience of mobile phones to provide financial services companies and their customers with full protection from online fraud. Built on open technologies for high availability, scalability and simple integration, Entersekt’s patented security products protect millions of devices and transactions daily, while complying with the world’s most stringent regulatory guidelines. Enterprises across the globe look to Entersekt to strengthen the bond of trust they share with their customers, and to build on those relationships by introducing compelling, user-friendly new mobile and online services. For more information on Entersekt, visit www.entersekt.com.

CONTACT:
Gerhard Oosthuizen
Entersekt CIO
Phone: +27 21 815 2800
E-mail: gerhard@entersekt.com

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