Big four bank Standard Bank is experimenting with blockchain technology for processing motor vehicle claims.

So says Deepesh Thomas, digital head at Standard Bank Wealth, in an e-mail interview with ITWeb.

This as the big four bank is aggressively pursuing the digital insurance space, which has been shaken up by the emerging insurtech start-up companies.

South Africa’s big four banks recently upped the ante in launching online insurance products amid the COVID-19 pandemic.