New multilingual banking app by UCT students will ease SA banking woes

(from left to right) Thapelo Nthite, Bonolo Malebo, Xolisani Nkwentsha and Sange Maxaku [image: Facebook/Township News]

Four UCT students have cooked up a new way to help South Africans overcome the barrier of language when it comes to money matters. Her name is Naledi, an artificial intelligence banking and financial management app available via WhatsApp that will offer assistance in English, Xhosa, Zulu and Tswana.

Thapelo Nthite, Bonolo Malebo, Xolisani Nkwentsha and Sange Maxaku are the fourth year mechatronics students who laboured for many hours over the past year developing Naledi. Nthite has found language to be a key barrier in South Africa especially pertaining to banking and money management.

The app will also help its users track their spending patterns and budget so as to reach their financial goals. Nthite guaranteed that the security of the app was impenetrable so users need not worry about the safety of their banking details after logging in.

The team plan to give a platform to other African innovators wanting to bring more language-barrier-breaking solutions to the table.