Technology is the great disruptor of all industries and financial services are no exception: our industry is feeling the impact. Technology is transforming the way financial service providers operate, as well as the services clients are looking for.

A wave of tech-driven start-ups and evolving consumer expectations are changing how consumers bank, borrow and invest. Seasoned players are struggling to digitalise their services while new market entrants - such as automated investment managers, payment servicers, consumer lenders, mortgage servicers, PFM solution providers and e-traders – are emerging and challenging the status quo. These new players in the banking and asset management business promise to make payments convenient, borrowing accessible and investing easier - and essentially deliver a better customer experience.

Along the way, they are turning the heads of long-established and larger institutions - squeezing margins, creating a myriad of new compliance issues and fraud risks, changing customer service norms and forcing large corporations to rethink their business models.

BDO takes a proactive approach to exploring new business cases and technologies. We monitor the legislative landscape in which financial service providers operate and help clients find solutions, rather than shying away from obstacles. Using the knowledge and resources of our extensive international network, our specialists provide a wide variety of services to help clients focus on their core business and stay ahead of competitors.

In BDO South Africa, our fintech services include:

• External audit and assurance services
• Internal audit and Risk advisory
• Technology advisory
• Corporate Finance advisory
• Forensic advisory
• IFRS advisory
• Tax
• People advisory

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