The iX interns have been tasked with innovating options to help carry banking to South Africa’s virtually thirteen million unbanked folks. Guided by their academics and managers on the company, the internship group targeted their efforts on understanding the implications of two distinctive sides of community and informal banking in South Africa: â€˜stokvels’ (traditional rotating financial savings and credit score rating golf equipment) and funeral insurance policies. They then used their insights to sketch out a â€˜dream situation’, arriving at progressive, rigorous suggestions, which they presented to key stakeholders on the firm.
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