At Byte Orbit we like to involve ourselves with industry experts, companies and thought leaders that aim to disrupt current market perceptions. We primarily take on projects that we know are aligned with digital and technological growth, focused on providing solutions to everyday problems with the potential to change the way we engage, interact and develop in this ever changing environment.
Following Standard Bank’s recent Bronze Medal for the Most Disruptive Innovation at the Efma – Accenture Global Innovation Awards
, their Shyft Global Wallet app is continuing to make waves in the finance and tech industry. We at Byte Orbit pride ourselves on being fortunate enough to assist in the development of this ground-breaking product.Our team of developers
was responsible for building the backend infrastructure of this remarkable product and it’s with great pride that we can attest to how Shyft is disrupting the foreign exchange industry and taking innovation to new heights.
Standard Bank’s Shyft Global Wallet app can be described as a foreign currency mobile wallet. Standard Bank clients are able to get a live rate and purchase foreign currency via the app. Once the currency is in the wallet, customers are then able to:
- Order a multi-currency physical card for international ATM and swipe transactions;
- Create multiple foreign currency virtual cards for online shopping; and
- Make International payments to foreign beneficiaries.
A disruptive product changes the way we normally do things. It simplifies complex processes, provides innovative solutions to common problems or provides new and unique methods of achieving desired objectives. The Shyft Global Wallet ticks all those boxes. It is a radical departure from how banking customers are used to purchasing foreign currency and provides an elegant and hassle free solution to streamline foreign exchange transactions.
It’s no surprise that the Shyft took home a Bronze International Award for the Most Disruptive Innovation at the 2016 Efma- Accenture Distribution and Marketing Innovation Awards.“Having competed against some of the best global and innovative apps in the Financial Services sector, winning an Efma Award is a true validation of the hard work and effort that has gone into changing the foreign exchange experience that customers have always endured on a day-to-day basis."
- Arno von Helden, Shyft Product Manager & Trade & Forex Product Head at Standard Bank
Developed with strong collaboration between Standard Bank and Byte Orbit, and others in the FinTech space, the needs of customers has definitely been placed at the forefront of product development. The resulting product provides a slick solution to previously tedious and time consuming tasks.
The app is currently available for download at both the Android and IOS stores.