Our Partners
At Fynbos we like to focus on our strengths, building great products that delight our customers and save them time and money. But we know we can’t do that alone.
We partner with like-minded businesses who are the leaders in what they do so we can leverage their strengths to be even better together.
Our partners all have a few things in common:
- They believe in, and actively support, our mission to build a generation of young South Africans that are saving and investing for their future.
- They have a security first culture and an uncompromising approach to protecting Fynbos users’ data and money.
- They are the best in their industry at what they do.
To learn more about how data and money is managed by Fynbos, read our data security or money management practice documents, or read more about our elite team of partners below.
Life Current
https://lifecurrent.co.za/
Introduction
Life Current was founded on the belief that holistic financial planning is largely unreachable for the average person and that there is a need for affordable independent advice and transparent fees that can be achieved by combining digital technology with great personal expertise.
The partnership
Fynbos is registered with the FSCA as a juristic representative of Life Current, allowing it to provide the Fynbos platform and the embedded investment products it does on behalf of Life Current. Life Current is the advisor and intermediary to Fynbos users.
Certifications and expertise
Life Current is a Category I licensed Financial Service Provider, authorised by the Financial Sector Conduct Authority (FSCA) to provide both advice and intermediary services with FSP number 51852.
Automated Outsourcing Services (AOS)
https://www.aospartner.com/
Introduction
Automated Outsourcing Services (AOS) is an independent third party financial services company that is a leader in providing customised fund administration, business and technology solutions to the financial services sector.
The partnership
Fynbos uses AOS to administer user savings and investments.
Certifications and expertise
AOS is a Category III licensed Financial Service Provider, authorised by the Financial Sector Conduct Authority (FSCA) to provide administrative services as a Linked Investment Service Provider (LISP) with FSP number 650. AOS is also ISO/IEC 27001:2022 certified ensuring it has world class Information Security Management and ISO 9001:2015 certified guaranteeing the highest standards of Quality Management.
Masthead
https://www.masthead.co.za/
Introduction
Masthead is a national supplier of risk management services to independent financial advisors and other licensed financial service providers (FSPs).
The partnership
Fynbos and Life Current rely on Masthead as an outsourced compliance officer to manage risks and ensure we are compliant with all applicable regulations.
Certifications and expertise
Masthead is an FSCA-approved compliance practice with over 20 years experience.
Precium
https://www.precium.com/
Introduction
Precium is South Africa's first enterprise-focused payment platform, automating financial operations for growth and reduced risk. Precium is the preferred partner for major retailers, financial institutions, and top global brands.
The partnership
Fynbos uses Precium for all of its payment operations including collecting contributions and subscriptions, and paying out withdrawals.
Certifications and expertise
Precium is a Payment Card Industry Data Security Standards (PCI DSS) Level 1 Service Provider, a Visa and Mastercard certified ISO and Payment Facilitator. They are also sponsored by both Standard Bank and ABSA, and registered with the Payments Association of South Africa (PASA), as a Systems Operator and Third-Party Payment Provider for debit orders, EFT payments and card payments.
Persona
https://withpersona.com/
Introduction
Persona is building a more human internet by helping companies verify that their users are who they say they are.
The partnership
Fynbos uses Persona to verify the identity of its users in accordance with FICA requirements.
Certifications and expertise
Persona is a global leader in digital identity verification and are compliant and certified to the highest industry standards including adherence to the California Consumer Privacy Act (CCPA), the General Data Protection Regulation (GDPR), and the National Institute of Standards and Technology's (NIST) Special Publication 800-63 guidance on digital identity enrolment and proofing. They are also both SOC 2 and ISO 27001 certified.