AI cuts Absa’s debt review turnaround | ITWeb Tech Headlines | 2 - 7 November 2026
These are the stories making headlines on ITWeb this week. Absa has reduced debt review processing from four days to one using AI, as the big-four bank moves the technology from experimentation into live operations. Meanwhile, township fibre uptake could climb from about 15% to 70% within a year, compared with 40% to 50% in suburbia, according to Accelerit Technologies CEO Mandla Ngcobo. In addition, Lesaka Technologies has built its pending acquisition of Bank Zero into its full-year forecast.
The big-four bank reduces debt review processing from four days to one using AI, as it moves AI from experimentation into production.
The bank implements an AI and optical character recognition solution to improve the efficiency of the debt review process.
The move follows a series of policy developments, including the classification of crypto assets as financial products and the rollout of the licensing regime.
FNB, Absa, Standard Bank, Nedbank and Capitec go beyond pilot projects and isolated AI experiments to large-scale deployment across core operations.