South Africa’s banks are taking divergent paths on AI, with Investec insisting people, not machines, define the institution.
Browsing: Absa
Group CITO Johnson Idesoh says the bank will deploy “super agents” to scan its systems and shorten patch cycles.
Agentic AI is already reshaping South African banking, writes Absa Business Banking CIO Lindelani Ramukumba.
Absa CTIO Johnson Idesoh says the speed at which software is changing influenced its recent R2.4-billion write-down.
A PwC analysis shows technology investment is accelerating as incumbents face pressure from challenger banks.
Absa has taken a R2.4-billion hit after a strategy shift left software assets with zero recoverable value.
Standard Bank has confirmed the phased roll-out of smart ID application and renewal services at select branches.
Court documents show the US-headquartered company’s assets were seized as part of an ongoing legal dispute.
As stablecoin adoption rises, traditional financial institutions are rushing meet the needs of businesses and consumers.
Peach Payments tracked a Black Friday-linked transaction worth R1.09-million as consumers opened their wallets and spent big.