Institution record
Discovery Bank
- Source score
- 5.0
- Warnings
- 0
- Comments
- 0
Licence records
Licences within our coverage (financial institutions headquartered across singapore, asia-pacific, the middle east and emerging markets) are listed first. Check each one on the regulator's own register.
| Regulator | Licence no. | Status | Licensed entity | Date | |
|---|---|---|---|---|---|
South African Reserve Bank (SARB / Prudential Authority) | Not supplied | Regulated | Discovery Bank Limited | — | |
Financial Sector Conduct Authority | 48657 | Regulated | DISCOVERY BANK LIMITED | 2017-10-10 |
Peer regulatory & risk comparison
Side-by-side supervisory and risk benchmark comparing Discovery Bank against peer institutions in our financial institutions headquartered across singapore, asia-pacific, the middle east and emerging markets dataset.
| Institution | Primary regulators | Regulated / total | Risk classification | Source score | Warnings |
|---|---|---|---|---|---|
| Discovery Bank (this record) | South African Reserve Bank (SARB / Prudential Authority)FSCA | 2 / 2 | Risk level not supplied | 5.0 | 0 |
State Bank of Pakistan (SBP)FSCA | 2 / 2 | Risk level not supplied | 5.0 | 0 | |
FSCA | 1 / 1 | Risk level not supplied | 5.0 | 0 | |
FSCA | 1 / 1 | Risk level not supplied | 5.0 | 0 | |
FSCA | 1 / 1 | Risk level not supplied | 5.0 | 0 | |
FSCA | 0 / 1 | Risk level not supplied | 2.0 | 0 |
Discovery Bank: institutional due diligence FAQ
Key supervisory, licensing, and counterparty verification questions generated from the dataset.
What is Discovery Bank's regulatory licence status and supervisory authorisation?
In our imported dataset, Discovery Bank (legal entity reference: Discovery Bank) holds 2 recorded licence entries, of which 2 carry a "regulated" status and 2 are marked regulated or registered: South African Reserve Bank (SARB / Prudential Authority) — licence Not supplied, status: regulated; FSCA (Financial Sector Conduct Authority) — licence 48657, status: regulated. Institutional due diligence requires verifying that the exact legal entity on your counterparty agreement matches the licensed entity name and registration number on the official South African Reserve Bank (SARB / Prudential Authority), FSCA public register.
Which of Discovery Bank's jurisdictions and licences fall within this site's regulatory coverage?
Discovery Bank is registered at 1 Discovery Place, Sandton, Johannesburg, South Africa and tracked under our financial institutions headquartered across singapore, asia-pacific, the middle east and emerging markets scope based on its institutional service profile (Wealth management, Investment products, Deposits, Remittances, Loans, Trusts, Insurance) rather than a domestic focus licence. Its 2 recorded licences (South African Reserve Bank (SARB / Prudential Authority), FSCA) should be evaluated for cross-border passporting and local solicitation rules.
What is Discovery Bank's institutional risk classification, enforcement exposure, and score profile?
Discovery Bank carries a "risk level not supplied" classification in the source dataset, alongside composite 5-dimension ratings out of 10 (overall: 5.0, risk & licensing: 5.0, brand: 5.0, market influence: 5.0, user reputation: 0.0). The record flags 0 regulatory warning or complaint counts. Because these figures reflect imported source fields rather than primary audit findings, compliance teams should review primary enforcement bulletins directly.
What operational due diligence steps apply to Discovery Bank's platforms, entity structure, and complaints?
Before allocating capital or executing trades with Discovery Bank (listed execution software: Discovery Bank), institutional and retail allocators should: (1) confirm the domain (discovery.co.za/bank/bank) against regulator-approved domains to guard against clone firms; (2) verify whether any of the 0 recorded warning/complaint entries or 0 user comments involve withdrawal restrictions or scope violations; and (3) confirm the dispute-resolution ombudsman tied to South African Reserve Bank (SARB / Prudential Authority).
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