Absa has said that 1 400 developers use AI coding tools while its chatbot fields 100 000 queries monthly.
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A further impairment at head office shows the full year’s R2.4-billion write-down disclosed in March was not a once-off.
Standard Bank Group has named Amazon Bedrock as its platform and claimed a 20% gain from AI coding tools.
Why Pepkor’s PlusB is the most credible challenge Capitec has ever faced, and what it will take to prove it.
Pay@ was the first third-party provider to integrate with Capitec, helping shape the payment method.
Capitec’s premium valuation rests on three compounding bets. All three are working – but each is now under pressure.
South Africa’s banks have a structural advantage telecoms operators cannot cross. They may not have long to use it.
Banking group Absa won’t confirm a launch date, a network partner or whether the MVNO is even still happening.
Identity, credit scoring and liability all assume a human customer – an assumption agentic AI is breaking.
Absa Group CITO Johnson Idesoh on AI, cybersecurity, software write-downs and the future of banking.