{"id":122829,"date":"2017-12-27T12:00:17","date_gmt":"2017-12-27T10:00:17","guid":{"rendered":"https:\/\/mygaming.co.za\/news\/?p=122829"},"modified":"2017-12-28T09:19:43","modified_gmt":"2017-12-28T07:19:43","slug":"root-programmable-bank-account-launching-in-south-africa-next-year","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/business\/122829-root-programmable-bank-account-launching-in-south-africa-next-year","title":{"rendered":"Root programmable bank account launching in South Africa next year"},"content":{"rendered":"<p>2018 will see the commercial launch of Root \u2013 a bank account which comes with a programmable credit card, online banking interface, mobile app, and APIs.<\/p>\n<p>OfferZen said Root is developed in partnership with Standard Bank, which provides the underlying banking service.<\/p>\n<p>A Root account enables software developers to build a fintech product without special access to the banking world.<\/p>\n<p>The platform is currently in beta, with a group of programmers developing commercial services.<\/p>\n<p>Malan Joubert, cofounder of OfferZen, told MyBroadband they have also expanded Root to include programmatic access to your bank account and insurance APIs.<\/p>\n<p>\u201cThe insurance APIs have already been used by a team of beta users to <a href=\"https:\/\/www.offerzen.com\/blog\/sandbox-for-insurtech-bridging-the-gap-between-insurers-and-innovators\" target=\"_blank\" rel=\"noopener\"><strong>create an insurance product<\/strong><\/a> which is live in the market,\u201d said Joubert.<\/p>\n<p>OfferZen is currently finalising legal infrastructure, after which it will launch the product.<\/p>\n<h3 class=\"my-4\">How Root works<\/h3>\n<p>At the centre of the account is the Root credit card, which allows a user to write code that interacts with transactions in real-time.<\/p>\n<p>The code, dubbed RootCode, is securely stored in the cloud by Root.<\/p>\n<p>Through RootCode and other APIs to the bank account, users can build any feature they like and integrate it with other services to expand their account\u2019s functionality.<\/p>\n<p>As an example, Root beta users have written RootCode apps, including:<\/p>\n<ul>\n<li>Sending their transaction data to a Google Sheet in real-time, to make budgeting easy.<\/li>\n<li>Limit the days on which they can buy fast food, as part of a diet plan.<\/li>\n<li>Create a dedicated card and budget for Uber rides.<\/li>\n<\/ul>\n<p>If a user has built something with Root, they can share it with other developers on the Root platform.<\/p>\n<p>Standard Bank will also provide support for developers to scale Root apps.<\/p>\n<p>High-potential applications developed in Root can also be launched to all Standard Bank customers through Standard Bank\u2019s dedicated API strategy.<\/p>\n<p><strong>Now read:\u00a0<\/strong><a href=\"https:\/\/mygaming.co.za\/news\/features\/122729-the-most-popular-programming-languages-in-the-world.html\"><strong>The most popular programming languages in the world<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2018 will see the commercial launch of Root \u2013 a bank account which comes with a programmable credit card, online banking interface, mobile app, and APIs.<\/p>\n","protected":false},"author":226,"featured_media":122831,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[25561,25559,19785],"class_list":["post-122829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-malan-joubert","tag-offerzen","tag-root"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/122829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=122829"}],"version-history":[{"count":0,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/122829\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media\/122831"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=122829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=122829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=122829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}