Absa Bank has announced a major strategic partnership with blockchain specialist Ripple to introduce institutional-grade custody solutions for tokenised assets, including cryptocurrencies, in South Africa. This move is significant, marking a turning point for how major traditional African banks engage with the burgeoning digital asset economy. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: EV…
Absa will leverage Ripple’s digital asset custody technology. Big-four bank Absa has entered into a strategic partnership with Ripple, a provider of digital asset infrastructure for financial institutions, to provide digital asset custody to its customers in South Africa. In a statement, the bank says through the partnership, Absa will leverage Ripple’s digital asset custody…
Absa has announced a partnership with Ripple under which it will adopt the blockchain infrastructure specialist’s institutional-grade custody platform to offer secure storage solutions for tokenised assets – including cryptocurrencies – to institutional clients in South Africa. The move is significant as it may mark a turning point in how traditional banks in Africa engage…
Absa’s Nick Nkosi Banking group Absa is preparing to launch a mobile virtual network operator, making it the last of South Africa’s largest banks to enter the MVNO market. Nick Nkosi, managing executive for transactional and deposits at Absa Group, told TechCentral in an exclusive interview on Friday that the bank has been conducting research…
Absa’s Johnson Idesoh and AWS’s Tanuja Randery put pen to paper to further entrench digital service delivery through cloud migration. Absa Group has announced a strategic partnership with Amazon Web Services (AWS) to accelerate its migration to cloud as part of its continuous digital transformation journey. The companies established an alliance in 2015 and, according…
Banking group Absa and cloud services giant Amazon Web Services have announced an expansion of their commercial relationship that will see AWS become Absa’s “preferred cloud partner”. According to a statement on Monday, the partnership is aimed at delivering more agile, secure and customer-focused financial services. “This partnership reflects our ambition to be a digitally…
Absa has become the fourth major South African bank to join the Department of Home Affairs’ new digital partnership model. This collaboration will expand access to Smart ID and passport services by making them available in more bank branches and through the bank’s digital app. This new partnership overhauls an existing pilot project that Absa…
Absa chief digital officer Subash Sharma. (Photograph by Lesley Moyo) Absa is increasingly deploying agentic artificial intelligence (AI) capabilities, and has upgraded its AI virtual assistant, Abby. The big-four bank’s digital future was unveiled yesterday during its inaugural Digital AI Conference in Sandton, Johannesburg, to industry stakeholders and media. Chief digital officer Subash Sharma said…
Absa CEO Kenny Fihla Absa Group’s new head is aiming to turn the bank’s retail unit into the biggest in South Africa, revamp its regional operations and bring stability to a firm that has seen six top managers in as many years. CEO Kenny Fihla, who was poached from larger rival Standard Bank Group, also…
TLDR Visa, in partnership with Absa, has launched the 2025 edition of its She’s Next programme in South Africa Women-led businesses can apply for over ZAR1 million ($55,000) in grant funding, mentorship, and business training The initiative is part of Visa’s broader mission to support inclusive entrepreneurship and digitally enable small businesses worldwide Visa, in…
