These include a first-of-its-kind crypto trading integration in Africa, real-time artificial intelligence artificial intelligence (AI)-powered fraud alerts, and expanded earning opportunities for clients through its Discovery Miles+ Network.
The updates, unveiled on Thursday, are designed to enhance financial wellbeing, digital security, and customer experience. They build on earlier improvements introduced this year across financial planning, security, and intelligent digital banking.
Among the major additions are:
- Crypto trading directly in the Discovery Bank app, in partnership with Luno, offering access to more than 50 crypto assets from December 2025.
- TRUST Alert is an AI-driven transaction monitoring system providing real-time risk assessments and security warnings.
- Instant Discovery Insure car insurance quotes and activation within the banking app.
- New partnerships with MultiChoice (DStv) and Admyt, alongside expanded ways to earn Discovery Miles.
Hylton Kallner, Chief Executive Officer (CEO) of Discovery Bank, said the new crypto trading functionality represents a milestone for financial innovation in SA.
“The financial world is evolving fast, and crypto assets have matured to become an accessible, mainstream asset class. We’re thrilled to be the first mobile bank in Africa to partner with Luno, giving our clients the ability to buy, hold and sell crypto assets directly through the Discovery Bank app,” Kallner said.
The integration allows clients to link their Luno accounts, track balances and transactions in real time, and trade seamlessly within the app, with no transfer fees. Clients will also earn Vitality Money Savings points for maintaining crypto balances in their Luno wallets.
James Lanigan, CEO of Luno, said the partnership underscores the growing mainstream adoption of digital assets.
“This is a first-of-its-kind solution in Africa, integrating digital-asset investing directly into a major mobile banking platform. It’s a clear signal that crypto has moved from a niche to a mainstream investment choice,” Lanigan said.
The TRUST Alert system also enhances Discovery Bank’s layered security approach. Using AI and behavioural analytics, it evaluates every transaction in real time and issues alerts when potential fraud risks are detected, allowing users to verify and manage suspicious activity before proceeding.
Kallner added that the upgraded Discovery Bank app now serves as a unified digital platform for all Discovery products, offering clients a “seamless, intelligent and secure” experience across banking, insurance, and rewards.
–ChannelAfrica–
