Secure 2.0
Fintech Innovation and Management
Our innovative platform is designed to revolutionise deceased debt management for a wide range of credit providers, through automation that enables efficiencies. Born from the collective experience of solving intricate problems and streamlining inefficiencies, our company emerged because of collaboration among a diverse team of professionals identifying the need to drive efficiencies in estate debt management. Comprising of attorneys, auditors, entrepreneurs, financial services experts, and software developers, we combined our expertise to solve complex challenges in estate administration. With many years of hands-on experience in managing deceased estates, we recognised the need for a comprehensive Fintech Solution to simplify and modernise the process.
Why Partner with us.
Secure 2.0 provides for efficient deceased estate claims management, enabling financial institutions to increase capital and liquidity resources.
Reduced operational costs
Improved claim finalisation
Optimisation of existing resources
Increased profits
Your Solution to Streamlined Claims Processing and Payment Recovery
clients on average across South-Africa's 4 main banks.
Considering an assumed average mortality rate of approximately 9.3% in 2024, it’s estimated that around 3.8 million customers may require claims processing and outstanding payments recovery by banks. Secure 2.0 is poised to address this significant challenge by introducing efficiencies that can notably alleviate the burden on financial institutions. Harnessing the capabilities of Secure 2.0 can streamline operations and facilitate the management of claims and payment recovery with exceptional ease, offering a solution to navigate through the complexities of these processes in the current year.
clients on average across South-Africa's 3 largest cellphone providers.
With an estimated average of 9.2 million customer deaths requiring claims processing and payment recovery in 2024, a significant challenge is anticipated. Secure 2.0 emerges as a potential solution to this complex problem, offering a robust framework to efficiently handle claim submissions and expedite payment recovery processes. Embracing Secure 2.0 can assist in seamlessly navigating the intricacies of this task, ensuring a streamlined and effective resolution to the challenges posed by such a substantial number of customer demises in the current year.
The Problem
1.
At any given point, financial institutions have clients passing away and leaving unpaid debt.
2.
Collecting debt requires time and resources.
3.
Only once an Executor is appointed is notice provided to creditors to submit their claims against the Estate through the Government Gazette → manual notification
4.
Lack of access to real-time data → potentially leading to failure to comply with claim submission or statutory timeline leading to non-recovery (loss of capital/revenue).
5.
S29 advertisements only provide physical addresses for Executors, making it difficult for creditors to collect deceased debts on time
6.
Most creditors rely on the Executor to approach them → complete forms and provide necessary information and documents, in an attempt to claim from the Estate
7.
Executor is then expected to make the payments
The Solution
