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In conversation with Clarence Nethengwe, the newly appointed CEO of OM Bank.

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We are in conversation with Clarence Nethengwe, the newly appointed CEO of OM Bank, the digital-first bank under Old Mutual's umbrella. Clarence shares the exciting vision for OM Bank, a game-changing approach to banking that aims to revolutionize the customer experience in South Africa. From its roots in Old Mutual Finance to the long-awaited rollout in 2025, Clarence takes us through OM Bank's innovative features, including its no-physical-ATM approach, user-centric app, and focus on serving underserved communities.

Clarence also opens up about his personal motivation behind championing digital banking, reflecting on an experience that reshaped his view on customer dignity. He dives into the strategic decisions that led to the creation of OM Bank, its target audience, and the future expansion plans, including the potential to offer home loans and business banking down the road. Join us as we explore the future of digital banking and how OM Bank plans to compete in a crowded market with its bold, customer-first approach.
30 Jan 2025 12PM English South Africa Business News · Investing

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