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Discovery ranks fourth on the Fortune Change the World list for the application of its shared-value model in the banking industry through Discovery Bank - a branchless, full-service bank which nudges and rewards clients towards better financial behaviours and outcomes.
Johannesburg, October 6, 2022 – Coinciding appropriately with World Investor Week, Discovery Bank is excited to announce the launch of share trading through the Discovery Bank app, in partnership with EasyEquities. Clients can now open a new EasyEquities account, or link an existing one, seamlessly through the Discovery Bank app, making investing in their favourite local and global brands and othe
Johannesburg, 23 August 2022 — Discovery Group today announced the launch of Cogence, a discretionary fund manager (DFM) seeking to significantly enhance the business of wealth creation in South Africa. Cogence will bring asset allocation views from BlackRock, one of the world’s leading asset managers, together with personalised insights from Vitality to provide investment solutions including mode
Johannesburg, 20 June 2022 – Over the past year, Discovery Bank has seen strong deposit growth and considerable traction of its shared-value banking model amongst its client base; the appeal of a full service, shared value, digital bank is reflected in Discovery Bank’s strong growth to over 1 million accounts since its public launch in 2020.Today, as the Bank announced the milestone of reachin
Johannesburg, 11 May 2022 — According to National Treasury, South Africans generally need more awareness of investments and savings in general. Luckily, you’re never too young to start investing in your future, or too old to change the way you think about your retirement, as the 11-year-old star of a new Discovery Invest campaign helps us see. “When people don’t save enough for retirement, and
Discovery Bank launches its inaugural Spend Trend report, a fascinating look into the money trends and spending habits among the Bank’s client base over the last year.
Johannesburg, 17 March 2022 – Discovery Bank today released its inaugural “SAFx Rater”, a comparative analysis of features and benefits of forex accounts offered by major banks and forex providers in South Africa. With the recent strengthening of the rand against major currencies, there has been significant interest in opening foreign exchange accounts to take advantage of this. Discovery Bank has
Johannesburg, 14 February 2022 - With 2021 characterised as a year of strong market recovery from the shock caused by the global outbreak of COVID-19, the scene for 2022 remains positive, albeit with some uncertainty. Kenny Rabson, CEO of Discovery Invest, says that while the worst is likely behind us in terms of the market impact of COVID-19, its longer-term effects are continuing to influen
Johannesburg, 07 February 2022 — Discovery Bank, this week, launched its comprehensive, real-time forex capability on the Discovery Bank app that gives access to immediate foreign currency transactions. Hylton Kallner, CEO of Discovery Bank, says, “Our full forex capability is a key requirement in an increasingly global environment. We have placed a great focus on ensuring that we remove the c
Hylton Kallner opened the inaugural Discovery Retirement Summit by revealing how Discovery’s retirement model leverages a unique understanding of the nature of risk in order to predict it, and then intervene. By incentivising responsible financial behaviours, Discovery Invest has generated R13.3 billion in shared value benefits for its clients.
Johannesburg, 21 January 2022 — Discovery Invest today announced additional speakers at its inaugural retirement conference, the Discovery Retirement Summit, which is a virtual event scheduled to take place on the 25th of January 2022. The summit will bring together global industry leaders to give financial advisers fresh ideas, new perspectives, and deep insights to enhance their ability to ensur
Johannesburg, 15 December 2021 – Discovery Invest has announced an innovation in its shared value model that enables clients to achieve greater offshore exposure in their retirement offering and more liquidity than any other retirement solution available in South Africa. The Discovery Invest shared value model for retirement savings incentivises clients to adopt the behaviours that are proven
Johannesburg, 01 December 2021 — Discovery Invest today announced its inaugural retirement conference, the Discovery Invest Retirement Summit, which is a live hybrid event scheduled to take place on the 25th of January 2022. The Summit will bring together an exclusive gathering of internationally renowned speakers to explore the trends, opportunities and challenges that are shaping today’s retirem
Johannesburg, 27 October 2021 – Putting clients in control of their money, Discovery Bank today announced the launch of Vitality Money Financial Analyser.Vitality Money Financial Analyser gives personalised insights into monthly income, savings and spending.About 65%* of people don’t know what they spend their money on in a month and more than half** underestimate how much they spend, whic
Johannesburg, 19 October 2021- In line with its aim to bring new investment opportunities to South African clients, Discovery Invest today announced the launch of a market first credit fund targeting annual returns in Euros of 7% per annum, net of fees and taxes. The Discovery European Credit Opportunities Fund, managed by Ninety One, is an international structured fund that offers access to a
Johannesburg, 30 September 2021 – Discovery Bank today announced new digital and fintech innovations for a comprehensive digital financial services experience at its annual product-update event with financial advisers.“With the latest features, our clients have access to a full range of financial capabilities in one place – our digital banking platform. This platform is not only transforming b
JOHANNESBURG, 12 July 2021 – Discovery today announced Discovery Miles D-Day, an exciting new initiative from Discovery Bank and Vitality. For one day every month, qualifying Discovery Bank clients with Vitality Money can get up to 40% off when spending their Discovery Miles in-store or onlineat over 40 Discovery Miles partners. Discovery Miles is Discovery's rewards currency, that is more valuabl
Johannesburg, 21 June 2021 – Discovery Invest has partnered with Goldman Sachs Asset Management, to introduce a new investment opportunity giving access to a range of thematic equity portfolios designed to give exposure to global megatrends.The Discovery Global Megatrends Fund is available on both Discovery Invest’s local and global platforms. The Fund provides clients with unique exposure to
Johannesburg, 10 June 2021 - Discovery Bank offers a unique client experience as a shared-value bank. And, with its new interactive, online Shared-Value Stack which is now accessible on the Discovery website, it’s possible for everyone to see how financial products and individual financial behaviour interconnect to create much greater banking value for clients through improved interest rates, life
The referral programme, the first of its kind among South African banks and financial institutions, will give clients the functionality to invite friends and family to sign up to the Bank – and for both clients and friends to get rewarded in the form of Discovery Miles, creating an eco-system of shared-value
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