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What's the backend? How is my money secured and insured? Who actually underwrites the transactions?
by aphextron 10y ago
What's the backend? How is my money secured and insured? Who actually underwrites the transactions?
- louwhopley 10y agoThe underlying banking infrastructure is provided by Standard Bank of South Africa
- executesorder66 10y agoDoes Standard Bank own a stake in Root, or do they just supply infrastructure/services? Can this interact with FNB or ABSA accounts? Is it international? In short, what are the limits? Also, I just want to say this is really cool. I've wanted something like this for ages.
- uitgewis 10y agoFrom what I know the banking infrastructure are quite uniquely suited to each.