Discovery Bank CEO Hylton Kallner on tech, AI and the future of banking

Loading player...
Discovery Bank CEO Hylton Kallner believes technology is fundamental to the company’s success.
Kallner, an actuary who joined Discovery in its early days as a medical insurance company and who has held various senior leadership roles over the years, tells TechCentral editor Duncan McLeod about the group’s decision to launch a bank when it did. He shares how the business is doing – spoiler: it’s trending well ahead of schedule – and what comes next.
He tells the TechCentral Show about:
• How Discovery Bank is doing financially and how it’s tracking against its business plan;
• Its client base – who they are and who the bank is targeting as its clientele (the answer may surprise you);
• Why Discovery launched a bank into what was already a competitive market and what it’s doing differently to its rivals to attract people to switch;
• The learnings from Discovery Health and Discovery Vitality, and how Discovery Bank has leveraged these in its products and services;
• Discovery Bank’s technology stack, why it chose the IT solutions it did, and why it built much of its banking solution in-house;
• What’s next from Discovery Bank in terms of solutions; and
• The bank’s plans with AI – and why it believes AI could be a gamechanger.
Lastly, Kallner, a prolific reader, shares two of his favourite non-fiction books with the TechCentral audience.
Don’t miss a great discussion!
23 Mar 2025 10AM English South Africa Technology · Business

Other recent episodes

Pick n Pay’s Enrico Ferigolli on Penny, the AI that shops for you

Pick n Pay has switched on an AI shopping companion called Penny inside its asap! app, and in this episode of the TechCentral Show, retail executive for omnichannel Enrico Ferigolli takes editor Duncan McLeod through what it does and why it matters. Built on Google's Gemini models, Penny lets customers…
2 Jul 9AM 23 min

Charge’s R1.8-billion bet on an off-grid EV future

South Africa has fewer than 400 public electric vehicle charging stations – up from zero just 15 years ago – and EV adoption remains stubbornly slow. Yet Charge, formerly known as Zero Carbon Charge, is betting big that a coast-to-coast network of off-grid, renewable-powered charging stations is exactly what’s needed…
18 May 9AM 37 min

TCS | The Cape Town start-up listening for TB with AI

AI Diagnostics, a Cape Town-based med-tech company that has built an AI-powered stethoscope designed to detect tuberculosis, recently raised R85-million in a pre-series-A funding round. In this episode of the TechCentral Show (TCS), Nkosinathi Ndlovu speaks to the company’s CEO, Braden van Breda, about the funding round and its mission…
4 May 3AM 36 min

Werner Lindemann on how AI is rewriting the infosec rulebook

The pace at which artificial intelligence is reshaping the threat landscape is outstripping the ability of most organisations to defend themselves, with shadow AI, synthetic identity attacks and a looming quantum computing disruption all converging at once. That’s the view of DataGroupIT CEO Werner Lindemann, who joined Duncan McLeod on…
15 Apr 9AM 38 min

Donovan Marsh on AI and the future of filmmaking

Award-winning South African film director Donovan Marsh has pivoted to artificial intelligence filmmaking and believes generative AI tools could fundamentally reshape how movies are made – and who gets to make them. Marsh, whose 30-year career includes directing the Hollywood submarine thriller Hunter Killer starring Gerard Butler and Gary Oldman,…
7 Apr 4AM 52 min