By Vaughn Hechter, Head of Customer Services, Altron FinTech

Navigating South Africa's evolving credit landscape requires more than good intentions, it demands smart technology, rigorous compliance, and a commitment to financial inclusion.

The compliance challenge

Compliance is the cornerstone of responsible lending in South Africa. With potential amendments to the National Credit Act on the horizon and the SARB's Payments Ecosystem Modernisation (PEM) programme that enables faster, more inclusive digital payments, the credit industry is experiencing unprecedented disruption. For many credit providers, staying ahead of regulatory requirements has become a full-time challenge.
 
"The cost of compliance is significant for credit providers," says Vaughn Hechter of Altron FinTech. "By partnering with specialists, businesses can focus on what they do best - granting credit, while we handle the complexities of compliance."

Technology driving responsible lending

Striking the right balance between enabling access to credit and preventing over-indebtedness has always been delicate.  Innovations such as alternative data sources and predictive modelling are transforming this landscape, making fair, transparent, and compliant credit decisions more achievable while delivering strong returns for stakeholders.
 
Altron FinTech's automated solutions serve thousands of customers, from banks to fintechs, startups, and micro-enterprises.  Our technology empowers businesses to meet regulatory requirements, assess risk with greater accuracy, and build lasting consumer trust throughout the entire credit journey.

Comprehensive end-to-end solutions

Altron FinTech enables credit providers to deliver seamless, compliant services,  including:

• Instant credit vetting with real-time bureau data
• FICA compliance through automated solutions
• Rates and fees management ensuring legal compliance
• Seamless payment platform integration
• Credit life insurance solutions that enhance revenue streams
• Value-added services including grocery vouchers, education plans, and wills
• Debt collection integration for complete lifecycle management
• Integrated security with access controls and protection of data

By automating credit administration, Altron FinTech frees up business owners to focus on their business growth. "We've supported businesses that started with R30,000 and scaled to multiple branches, processing millions of Rands monthly," Hechter notes.

Partnership and support that drives success

Cost savings come through process optimisation and operational efficiency. Non-compliance can devastate a business, our solutions ensure you remain compliant while maximising returns. Our platform enhances customer experience and provides analytics that assist credit providers in improving collections and growing their loan book.
 
What sets Altron FinTech apart is our commitment to partnership. "We provide comprehensive support from day one and continue supporting your business with dedicated account managers and a dedicated support desk," says Hechter. Training is central to our approach, empowering customers to achieve sustainable success and growth.

Building economic opportunity for all

Making compliance simpler, safer, and smarter benefits everyone from credit providers to consumers and the South African economy.  Access to responsible credit is essential for financial inclusion and economic participation.
 
"Over-indebtedness hurts everyone," Hechter emphasises. "We're committed to eliminating reckless lending and building a stronger economy and society. By automating credit vetting and onboarding processes, we protect consumers while helping more people become credit-active contributors to our economy."

Ready to transform your lending operations? Discover how Altron FinTech's automated compliance and credit solutions can help your business grow responsibly while driving financial inclusion across South Africa.