Discovery Bank Adds Crypto with Luno, AI TRUST Alerts, and New Rewards

Discovery Bank Adds Crypto with Luno, AI TRUST Alerts, and New Rewards
Discovery Bank Adds Crypto with Luno, AI TRUST Alerts, and New Rewards

Hey Digital Banking Fanatic!

Big day for Discovery Bank as South Africa’s fastest-growing bank rolls out a packed suite of updates across crypto, AI security, insurance, and rewards.

The headline move: integrated crypto trading directly in the app, thanks to a first-of-its-kind partnership with Luno, giving clients access to more than 50 crypto assets and real-time transfers with no fees.

On the security side, the new AI-powered TRUST Alert system will monitor every transaction in real time, flagging unusual behaviour and adding an extra layer of fraud protection.

Discovery Bank also pushed further into insurance with instant quotes and activation of Discovery Insure motor insurance, now fully embedded in the app.

And for lifestyle perks, the bank is adding MultiChoice/DStv, admyt, and an expanded Miles+ Network, offering up to 50% back in Discovery Miles on select entertainment and shopping rewards.

Have a great weekend!

Cheers,

Marcel


PODCAST 

🎤 Banking as a Service: Redefining Financial Solutions by DashDevs. In episode 106 of FinTech Garden, Igor Tomych speaks with Mehmet Bugra Kaya about the growing impact of Banking as a Service. The conversation explores what BaaS is, how it differs from traditional banking, the regulatory hurdles companies face, real-world success stories from PaybyMe, and predictions for the future of BaaS and embedded finance. Watch the full episode

Banking as a Service: Redefining Financial Solutions by DashDevs


NEWS

🇿🇦 Discovery Bank announces crypto trading with Luno, new AI security and service features, motor insurance, and new rewards partners, including MultiChoice. With this partnership, Discovery Bank clients will be able to track balances and transactions in real-time, transfer funds instantly with no fees, and trade in more than 50 crypto assets.

🇧🇷 C6 Bank users can now make multiple Pix payments with the help of AI. The customer needs to provide the amounts and payment method keys, confirming the data afterward. It is also possible to share this information via an image. According to the bank, the new feature is already available for individuals and businesses.

🇧🇷 PagBank profits R$571 million in Q3 and appoints Carlos Mauad as new CEO. Also, the company announced that Gustavo Sechin will be its new CFO, a transition that is part of a carefully planned succession process underway since 2024. Keep reading

🌍 Eurobank and Fairfax Digital launch new project with EY and Microsoft to accelerate agentic AI in banking. Eurobank is launching a next-generation AI factory, a scalable platform built on EY.ai’s agentic architecture and powered by NVIDIA-accelerated computing, designed to unify data, automate processes, and enable faster, smarter decision-making.

🇧🇿 Belize Bank enhances tech infrastructure with i2c partnership. The partnership will enable the bank to integrate new services through i2c’s API-based technology stack, including new personalised debit card programmes and self-service banking tools.


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