Sanlam also has ambitious plans to invest in new value propositions to drive future growth. It has established an 'entrepreneurial' team within Sanlam Fintech which will focus on building new tools, products and capabilities. Currently, this includes fast tracking AI development and deployment to enhance existing product experiences and sales processes. "Our approach is agile, centered around experimentation, and entirely driven by client needs. This includes adopting an iterative way of working, releasing innovations through soft launches as part of a phased-project approach," says van Dyk. "We want to learn quickly from these experiments without imposing products on clients unwillingly.

"We firmly believe that our Fintech cluster will drive our transformation agenda through financial literacy, advice, and radical inclusion," concludes van Dyk. "We are excited about the opportunity to make a difference. At Sanlam, we acknowledge that building something new can be challenging, requiring patience and perseverance. However, we're eager to embrace rapid innovation cycles and the uncertainties that come with it. We are poised to shape the future of fintech and make a meaningful impact on people's lives."

Disclaimer

Sanlam Ltd. published this content on 28 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 October 2023 13:59:25 UTC.