US and European bank regulators are stepping up their scrutiny of AI risks to financial stability.
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The bank is holding money in detected mule accounts without visibly blocking them, leaving syndicates empty-handed.
Absa will keep over-the-counter cash at only selected branches as it pushes customers to self-service.
Capitec’s fintech business contributed R2.7-billion to headline earnings, about three-quarters of what its personal bank earned.
Standard Bank is tapping Huawei Cloud to modernise core banking across its African operations.
South Africa cannot bank the unbanked until it solves identity, Nedbank’s outgoing COO has said.
South Africa’s two biggest MVNOs have a lot in common. What separates them is who banks with them.
Boards are deepening AI dependence without pricing the cost, the lock-in or the foreign kill switch.
Absa has said that 1 400 developers use AI coding tools while its chatbot fields 100 000 queries monthly.
A further impairment at head office shows the full year’s R2.4-billion write-down disclosed in March was not a once-off.