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All posts by Angus Brown

Angus Brown leads Banking Acumen, a niche advisory practice, which helps large financial services companies with integrating fintech ventures; and replacement and adaption of core banking systems. In South Africa he has advised Blue Label Telecoms and MMI Holdings. In addition, through Cygnet which he founded, he is investing in and accelerating disruptive fintech businesses. One of these is Centbee, a Bitcoin start-up aimed at revolutionising payments. Angus was educated at Wits and the Said Business School at the University of Oxford. In 11 years in the FirstRand Group he co-founded eBucks.com, and led FNB’s contact centres. He subsequently headed IT and the alliance banking division of Mercantile Bank.
  • Is it all over for internet banking?

    Have we seen the peak of internet banking in South Africa? Although the banks are quite tight-lipped about their usage numbers, I suspect that the number of customers using a desktop computer to do their banking is declining. We know that the majority of logons come from office workers, but we also know that the number of employed people (including government workers) in South Africa is stagnant. While many up-market homes have a desktop PC or a laptop, and fibre services have been introduced in certain suburbs, the growth rate of fixed broad-band internet (at less than two million connections)...