Big banks in South Africa automating to cut costs

[Luis]

Big banks in South Africa automating to cut costs

South Africa's largest banks are aggressively adopting automation across their internal processes and systems to increase efficiency and reduce cost pressures.

That is according to Akash Anand, regional head for Middle East and Africa at Avaloq, a Swiss banking software service provider and a subsidiary of NEC Corporation.

 

[Smiggles]

Bollocks they keep jacking prices. FNB just jacked theirs by R10.

 

[calypso]

C Suite Execs: "Our token bill is how much?"

 

[Brian_G]

Seems more related to bye-bye cash, embrace AI , again

 

[system32]

Bollocks they keep jacking prices. FNB just jacked theirs by R10.

I'm sure that FNB price increase was unrelated to:
FIRSTRAND LIMITED - Voluntary update to shareholders on the UK motor commission matter
see https://sharedata.co.za/sens.asp?id=544210

~R17.7b is a lot to claw back

 

[Mike Hoxbig]

Seems more related to bye-bye cash, embrace AI , again

Nope, it's an advert for NEC...

 

[Ninja'd]

Bollocks they keep jacking prices. FNB just jacked theirs by R10.

Their costs, not yours.

 

[MaxQz]

All banks are thieves... their fees alone don't justify any reason or excuse they have...... pocket more then.

 

[me_]

I don't understand why this has been tagged as AI - the article doesn't reference AI at all and neither does their website.

 

[Corelli]

Yip thats why employees get 4% annual increase while the CEOs get 120% extra, while claiming there isnt enough money to give a better increase.