Tali Anderssen, legal and compliance executive at RCS. RCS and TymeBank are sounding the alarm over a sharp rise in online harm, warning that digital violence against women and AI-driven scams are becoming major risks for public safety and economic stability. The warnings come during International Fraud Awareness Week (16-22 November) and ahead of the…
Cheslyn Jacobs, incoming CEO of TymeBank. TymeBank has received approval from the South African Reserve Bank’s Prudential Authority to appoint Cheslyn Jacobs as its new CEO, effective 1 January 2026. Jacobs succeeds Karl Westvig, who has been with TymeBank’s leadership since 2023 and will continue to serve in an advisory capacity to support the bank’s…
Cheslyn Jacobs Digital challenger bank TymeBank will have a new CEO from January. Cheslyn Jacobs will take the reins from Karl Westvig with effect from 1 January 2026. Westvig, who has been part of the bank’s leadership team since 2023, will continue in an advisory role after he steps down. “Jacobs, a TymeBank founding team…
TymeBank, the digital-first banking platform, has announced the appointment of Cheslyn Jacobs as its new Chief Executive Officer, effective 1 January 2026. The appointment has been officially approved by the South African Reserve Bank’s Prudential Authority. Read: Nvidia becomes first $5-trillion company amid AI boom Jacobs will succeed Karl Westvig, who has been part of…
Digital-first banking platform TymeBank plans to rebrand its South African operations as GoTyme during the first half of 2026. This move is designed to align its local identity with the brand it utilizes in several of its international markets, reflecting its growth and commitment to customers across all economic segments. Read: Bandwidth Blog & Smile…
Tyme Group CEO Coen Jonker Digital-first banking platform and fintech TymeBank intends to rebrand itself as GoTyme in the first half of 2026, aligning with its brand identity in some of its international markets. According to a report by News24 on Monday, the rebrand was announced during a closed investor session hosted by TymeBank last…
Digital challenger bank TymeBank has introduced a PayShap Request payment option that third-party payment service providers can offer to merchants to use with their clients. According to a statement by the bank on Wednesday, the functionality will give South African businesses “a simple, unique and bank-agnostic” way to receive instant payments from customers at checkout….
TymeBank CEO Karl Westvig TymeBank customers will soon be able to apply for their ID and passport documents in the banking app or via the fintech’s 1 000-plus branded kiosks at Pick n Pay, Boxer and TFG stores around South Africa. This follows an agreement between TymeBank and the department of home affairs, which have had…
Tyme Group CEO Coen Jonker TymeBank is engaged in discussions with the department of home affairs and its minister, Leon Schreiber, after the parties’ very public spat over a big hike in the fees to access a critical government database. This comes about six weeks after TymeBank warned it was considering legal action in an…
As of 31 December 2024, TymeBank had 10.7 million customers. The Competition Commission has recommended unconditional approval of TymeBank’s proposed acquisition of SanlamTyme and a portfolio of unsecured personal loans from Sanlam Personal Loans (SPL). TymeBank, South Africa’s first digital-only bank and majority-owned by Patrice Motsepe’s African Rainbow Capital (ARC), now holds deposits nearing R7…
