TymeBank announced on Wednesday it has promoted Tauriq Keraan to CEO after Sandile Shabalala resigned in June.
The African Rainbow Capital-owned TymeBank said Keraan has been deputy CEO since 2018. In this role, he drove cross-functional execution and had line accountability for strategy, partnerships, data science, innovation, stakeholder engagement and operations.
He also played a critical role in the market launch of TymeBank in 2019.
He has played an instrumental role in the bank’s development, having been a founding member that led to Tyme’s inception in 2012 and has played a critical role in the market launch of TymeBank in 2019 and the subsequent maturation of its operations, said African Rainbow Capital.
He takes the reins as the bank reached over 600 000 customers, five months after its official launch in February.
Keraan is a digital banking veteran and is passionate about financial inclusion.
He played a key role in the inception of Tyme, as well as its subsequent sale to Commonwealth Bank of Australia in 2015 and then to African Rainbow Capital in 2018.
“We are pleased that Keraan will take up the position of CEO of TymeBank as it will ensure continuity in the business,” Thabani Jali, Chairman of TymeBank, said.
“He is a seasoned executive who will continue to build TymeBank in its efforts to deliver affordable and accessible banking to our customers.”