Articles about Absa

Absa ramps up IT spend to R16.7bn

The increase reflects investment in new digital infrastructure capabilities, cyber security, data and cloud, says the bank.

NTT Data, Absa extend partnership to bolster financial services

NTT Data renews its five-year SAP deal with Absa to modernise financial systems.

Banks, operators to drive Africa’s stablecoin tipping point

The adoption of stablecoin services by banks and mobile operators could accelerate the usage of the emerging crypto across the continent.

SA banks shift from caution to participation in crypto market

The move follows a series of policy developments, including the classification of crypto assets as financial products and the rollout of the licensing regime.

AI reshapes South African banks’ investment priorities

FNB, Absa, Standard Bank, Nedbank and Capitec go beyond pilot projects and isolated AI experiments to large-scale deployment across core operations.

Local online spending surges on Black Friday

Black Friday retail sales in South Africa for 2025 saw a significant rise, with online spending surpassing 2024 and reflecting a larger average basket size.

SARB takes 50% PayInc stake to drive digital payments

The central bank completes the acquisition of a 50% stake in PayInc, formerly known as BankservAfrica.

AI boom sees growing demand for Africa’s data science talent

Zindi, an online network of professional data science talent, has registered 92 000 practitioners, as the demand for artificial intelligence skills in Africa skyrockets.

Even as SA exits greylist, tech challenges remain

While SA’s removal from the greylist is seen as a significant achievement, several tech solutions to prevent illicit financial flows have yet to be implemented.

Absa inks crypto-currency deal with Ripple

Through the partnership, Absa will leverage Ripple’s digital asset custody tech to deliver storage for tokenised assets, including crypto-currencies.

Rethinking the core: Why BIAN is banking’s quiet revolution

The Banking Industry Architecture Network is a global standard for how banking systems should be structured, connected and understood.

Home Affairs’ digital drive expands to more banks

Standard Bank is the latest financial institution to make smart IDs and passports available via its app, with Absa in discussions.