Banksyy

Buying a home in South Africa passes through more hands than it needs to. Every layer between the client and the bank takes a share of the value, while the agent who found the client and the buyer who funds it all have the least control.

Toll roads to the bank. Getting a bond application to a bank means going through an originator, and usually a submission switch behind it. BetterHome Group, which owns BetterBond, says one in three South African home loans passes through its origination businesses. The agent hands over the deal and waits for news.

Regulators have seen this before. On 15 April 2004 the Competition Commission prohibited Absa, FirstRand (FNB), Nedbank and Standard Bank from jointly buying Comcorp, the bond-origination software and submission switch. It found joint control would create "a platform for co-ordinated conduct" and let the banks "jointly fix a transaction fee" on every electronic submission, "limiting the multiple submissions of mortgage applications to competing banks" to the consumer's harm. Two decades on, the road to the bank is still owned by the middle.

Built for originators, closed to everyone else. Comcorp and SwitchX serve originators: no public APIs, pricing by enquiry, and several separate products to run a single deal. An agency or developer that wants its own system to talk to a bank has no front door.

Listings behind a paywall. In 2023 the Commission's platforms inquiry found Property24 and Private Property impede competition in online property listings, and ordered free listing feeds and an end to multi-year agency contracts. Agencies pay to be seen, and sellers still have nowhere to run a sale from listing all the way to the bank.

Five tools and a WhatsApp group. Agents juggle a listings back office, a generic CRM, an e-signature subscription, file-sharing folders and WhatsApp. Developers track stands and unit sales in SiMS and spreadsheets, then lose sight of the buyer the moment the bond goes to an originator. Payslips, bank statements and IDs travel unverified from chat to inbox to bank.

The people who create the deal are under-rewarded. The agent finds the buyer, negotiates the sale and chases the paperwork, then passes the most valuable part of the transaction to someone else. The market doesn't need another layer. It needs to be disrupted.

*Sources: Competition Commission prohibition notice, Government Gazette No. 27004, 18 November 2004 (ref. 2004Jan839) · Banks stopped from buying Comcorp, ITWeb, April 2004 · Online Intermediation Platforms Market Inquiry final report, Competition Commission, July 2023*

The middle of a South African property deal is crowded with layers that exist only because there was no direct road to the bank: bond originators and the submission switches behind them. Each one takes a toll. Banksyy is the highway: an open platform and Public API that every agency, developer and software provider can use to reach the banks directly, with no submission fees and no bank lock-in.

Agencies win. They own the client relationship, and Banksyy puts the tools that used to sit elsewhere in their hands: bank submission, instant bank answers, AI scoring, contracts, e-signature, and a marketplace and call centre feeding them genuine sellers. Agents keep the deal, close faster, handle more clients and earn more. Banksyy grows when agencies grow.

Banksyy replaces the originator hand-off, the paid submission rails, the e-signature subscription, the file-sharing folders and the WhatsApp document chase with one platform every party in the deal works from. Businesses that already have their own software keep it: the Banksyy Public API does the banking behind it.

For Estate Agents and Agencies: One system instead of five, qualified seller leads, and the deal kept all the way to bond grant.

For Developers: Track construction stand by stand, sell units and submit buyers' bonds to competing banks without an originator in the middle. Full visibility from groundbreaking to bond grant.

For Software Partners: Agency back offices, developer portals, lenders and fintechs plug in without their users ever opening Banksyy: submit to the banks, track every answer, score the applicant, check their documents and sign the contract from inside their own product.

For Sellers and Landlords: Banksyy's call centre and AI valuations help owners understand what their property is worth and connect them with the right agent, or they can list homes for sale or rent directly on the Banksyy marketplace.

For Buyers: A clean portal with no app to download. Sign on your phone, upload documents against a checklist, watch the bond progress live, and let the banks compete for your application. Buyers can also choose their own cover and see offers matched to their verified financial profile.

For Banks: Banksyy is already integrated with all major SA banks. Complete, checked applications arrive the way each bank prefers: email, a Banksyy-built bank dashboard (Absa), or direct REST (FNB accepted).

For Insurance and Product Partners: Every Banksyy buyer is verified and high-intent at the exact moment they need home cover, life cover, furniture, fibre and more.

When developers, agents, buyers, sellers, software partners and banks all run on the same rails, Banksyy becomes the highway the property market runs on: sales, rentals and commercial.

We are building Banksyy around one fundamental principle: stop rewarding the layers that extract value from the transaction while under-rewarding the people who actually create it.

We believe the person who creates the opportunity, brings the client into the system and helps deliver the transaction should participate meaningfully in the value created.

Banksyy will use technology to change how leads are generated, how properties are valued, how stock is sourced, how agents receive opportunities, and how transaction-related revenue is distributed. We are not trying to make a small improvement to the existing property model. We intend to disrupt the market in every aspect of the property transaction.

Our long-term vision is an ecosystem where technology generates the opportunity, AI provides the intelligence, the call centre creates and qualifies the lead, agents close the transaction, and the value generated flows back into the ecosystem that created it.

That is the Banksyy difference.

Banksyy isn't another bond originator. It is technology infrastructure connecting property supply, consumers, estate agents and competing financial institutions.

One connected platform brings together what the old model splits across many businesses: AI property valuation, stock aggregation, seller lead generation, call-centre acquisition, agent distribution, client qualification, affordability checks, document collection, automated workflows, bank submission, tracking, commission reconciliation and analytics.

That lets Banksyy own the opportunity from the moment someone decides to sell or buy, through valuation and agent matching, all the way to bond grant: a position a traditional originator or software vendor cannot easily replicate.

No submission fees. No bank lock-in. More competition. More value back to the agent.

South African residential property processes over R300 billion in transactions a year, and most homes are bought with a bond. Commercial property runs on the same road to the bank, with larger deals and the same layers in the middle, and the rental market brings a steady flow of tenants, landlords and future buyers into the same ecosystem. Every one of those deals pays a toll somewhere along the way.

The value sits in the middle. A handful of originators and submission switches control how applications reach the banks, while agencies and developers carry the client, the work and the cost. With the Banksyy Public API, any agency, developer or software provider can reach the banks directly, and every system that connects routes its bond volume through Banksyy.

Banks and regulators agree. All major SA banks are already integrated with Banksyy, more lenders are in talks, and the Competition Commission has spent two decades pushing for open listings and banks competing for every application.

Agencies are ready for better tools. Most still run on fragmented software, manual processes and WhatsApp. Banksyy sits where PropTech meets FinTech, owning the opportunity from the first seller conversation to bond grant, and giving the people who create the deal a bigger share of what it earns.

Banksyy is already integrated with all major SA banks. Absa, FNB, Nedbank, Standard Bank and SA Home Loans have been live on Banksyy since 2025, with Old Mutual, Discovery and Investec in talks. From there, each bank chooses how deep to go. Banks move at different speeds: some can connect a new system in weeks; others need a year of security review. Banksyy doesn't make a bank wait for its IT department to start benefiting. There are three levels of connection, each one usable on its own, and a bank can step up whenever it is ready.

Level 1: Email. Zero setup, and live with all major SA banks since 2025. Banksyy sends complete applications to the bank's existing inbox and reads the bank's replies the moment they arrive. Approvals, declines and document requests land on the right deal automatically. Nothing changes for the bank's staff: no training, no new login, no IT project.

Level 2: Bank Dashboard. The optional middle step. For banks that want more than email but aren't ready for a full system connection, Banksyy provides a dashboard the bank's own home-loan team works from: incoming applications with AI summaries, one-click grant, decline and accept decisions, team management and a priority task list. Absa requested this for its agents in-house. It is feature complete, in its final design and polish pass, and Absa's integration runs through it today.

Level 3: Direct REST API. Fully automated, both directions. Applications drop straight into the bank's own review system and decisions come back automatically, with nobody retyping anything. FNB has accepted Banksyy's REST integration, with NDA and MOU in progress, and Banksyy holds first option on maintaining FNB's new public REST API infrastructure. That goes beyond a bank connecting to Banksyy: FNB is considering Banksyy to help run its own rails.

Next to join: Old Mutual, Discovery and Investec are in talks, with onboarding planned for October 2026.

The July 2026 integration proposal (see `docs/bank-integration-proposal.md`) set the ground rules that make banks comfortable saying yes:

No keys to the bank. Banksyy never holds a key to the bank's house: no logins, sessions or tokens into the bank's systems, and no view of the bank's client records. Information flows from Banksyy to the bank; only the decision and the reason come back. If Banksyy disappeared tomorrow, the bank would be exactly as safe as it was yesterday.

A narrow pipe, not the whole API suite. Two small channels: one to send the application, one to receive the outcome (pushed to Banksyy, or checked on request, at the bank's choice).

The bank picks its own locks. Thirteen security layers are built and supported, including IP allowlisting, mutual TLS, OAuth 2.0, signed requests, replay protection, payload encryption, signed webhooks, rate limiting, key rotation, private VPN tunnels, audit feeds to the bank's security monitoring, and a sandbox for penetration testing. None are forced. The bank switches on exactly what its policy requires, and the answer to "do you support our control?" is always yes.

Banksyy no longer has to be the screen people work in to be the engine their deals run on. The Banksyy Public API is live, and it lets any outside system drive the entire bond journey through Banksyy, fully hands-off.

Submit to banks and hear back. A partner's own software sends a buyer's application through Banksyy to the banks and tracks every answer (approved, declined, documents requested) against the application as the bank responds.

The whole toolbox, not just a pipe. The same connection gives partners Banksyy's AI scoring, automatic document reading, digital contract signing, deal and client records, developments, reports and the client portal. Everything Banksyy's own users get, available inside someone else's product.

Why it matters. Bond originators and switches exist because nobody else had a road into the banks. Banksyy is building the highway, open to anyone, with no submission fees and every bank competing. Every system that plugs in routes its bond volume through Banksyy, and that volume is exactly what Banksyy is paid on.

A credit bureau score is only as good as what creditors remember to report, and too often they don't. In Clifford v Experian (2025) the National Consumer Tribunal found Experian failed to verify disputed debt information and ordered entries removed when creditors couldn't back them up. The National Financial Ombud recovered R328.5 million for consumers in 2024, and around half of credit complaints were decided in consumers' favour. Loans that were paid off still show as outstanding, and buyers are declined for debts they no longer owe.

Banksyy disrupts that. Instead of leaning on a single bureau number, the Banksyy scoring engine goes straight to the source documents.

AI document reading: Payslips, bank statements and proofs of payment are read by AI and turned into real figures: income, consistency, debit orders, overdrafts, savings and spending.

Rule-based, repeatable scoring: Every applicant is graded out of 1000 across income, affordability, banking behaviour, payment history and stability, with the findings and flags behind every point. The same documents always give the same score.

Credit bureau checks, with evidence on top: Bureau data is still part of the picture, but when the documents tell a different story, banks see both, side by side.

The result: buyers are assessed on how they actually handle money, banks receive stronger applications they would otherwise have lost, and every bank can compete for a well-prepared client.

Live today, and open to partners. Every deal gets a financial analysis and a downloadable Banksyy Scorecard, buyers from the public affordability check arrive already scored, and partner systems can send documents in and get scores back through the Banksyy Public API.

*Sources: Clifford v Experian SA, NCT/394691/2025 · NFO recovers R328M for consumers*

The old model mines the transaction and keeps the value. Banksyy puts the intelligence back to work for the people who create the deal. Every valuation, qualified seller, application and bank outcome that runs through Banksyy, or through a partner system on the Banksyy Public API, builds a verified, opt-in picture of the market: proven income, real spending patterns, document histories, property values and bank decisions.

Better valuations: Previous transactions, comparable sales and market activity feed the AI valuation model, so sellers get a realistic selling range and agents start every mandate on solid ground.

More bonds accepted: Applications reach the banks already read, scored and checked for gaps, so more are approved and fewer bounce back for missing paperwork.

Better insurance matching: A buyer with a known property value and verified finances can be shown the right cover at the right price.

Offers that actually convert: Marketplace partners reach buyers with pre-approved offers that fit what the buyer can genuinely afford.

Smarter scoring over time: Every bank decision teaches the scoring engine what an approvable application looks like.

The key insight: Banksyy never sells contacts. It builds a platform that gets better with every deal, and reinvests what it earns into more leads and more support for agents.

Banksyy is one platform with two front doors: the web application every agent, developer, buyer and bank user works in, and the Banksyy Public API that lets any outside system drive the same bond journey without a screen.

Public API v1, live. A standalone REST service over the same data model, documented with an OpenAPI 3 specification and a Postman collection. It covers bank submissions and correspondence, scoring, document validation, contracts and e-signature, documents, CRM, developments, reports and the client portal. Keys are issued per organisation with fine-grained permission scopes, including read-only keys, and come with idempotent writes, rate limiting, an audit log of every write and HMAC-signed webhooks. A key only ever sees its own organisation's data.

Multi-tenant by design. Every agency, developer and bank runs in its own secure space, with data isolated at the query level, role-based permissions and a full audit trail of every action.

Real-time bank correspondence. Bank replies are received the moment they are sent, classified by AI, matched to the right submission and used to move the deal forward and capture the approved bond amount.

AI where it counts, people in control. AI reads documents, scores applicants, drafts client updates and powers Copilot. Anything that changes a deal or goes to a client is proposed for a person to accept.