truID attended the Open Finance Africa Symposium held in Cape Town – an intimate two-day gathering of around 50 delegates hosted by Cenfri and CGAP. The room brought together regulators, policymakers, financial sector stakeholders, and development partners to evaluate the opportunities, challenges, and implementation pathways for open finance across the African continent. Over two days, […]
The transaction layer no one is talking about We tend to think about credit in South Africa through the lens of banks – mortgages, vehicle finance, large loans. But thatโs not where most of the activity is. Beneath that sits a far more active layer of the market: short-term loans, unsecured credit, and credit facilities. […]
Financial inclusion in South Africa remains constrained despite widespread bank account ownership. Millions of South Africans can open an account, yet cannot meaningfully use that account to access formal financial services. An estimated 21 million thin-file or credit-invisible consumers, many of them young people, informal earners, or newcomers to the workforceโare excluded from affordable credit, […]
For decades, credit in South Africa has been built almost entirely on ๐ฏ๐๐ฟ๐ฒ๐ฎ๐ ๐ฑ๐ฎ๐๐ฎ. And for decades, that meant millions of good, capable consumers were misunderstood, mispriced, or excluded โ not because they were risky, but because lenders could only see a thin sliver of their financial reality. But ๐๐ต๐ฒ ๐ถ๐ป๐ฑ๐๐๐๐ฟ๐ ๐ถ๐ ๐๐ต๐ถ๐ณ๐๐ถ๐ป๐ด. And itโs […]