Latest ABSA Bank News: Finextra Research

Absa Bank targets unbanked market with portable kit

South Africa's Absa Bank has released a portable banking kit in a bid to provide people without accounts with access to financial services, according to local press reports.

29 August 2003

/retail

Spyware bank frauds uncovered in US and South Africa

Police and banks in South Africa and the US are urging customers to be extra vigilant when transacting online following two recent incidents in which fraudsters used key-logging software to successfully steal customer identities and bank account details and siphon off cash into scam accounts.

21 July 2003

/retail

Absa upgrades SAS predictive analytics

South African's Absa Bank is upgrading its SAS data mining and business intelligence software after recording a nine-fold return on its original investment.

08 July 2003

/retail

ACI Worldwide claims 100 user conversions to Base24 version 6.0

ACI Worldwide says it has converted 100 customers to Base24 6.0, the latest release of its e-payment processing software.

28 August 2002

/regulation

ABSA Singapore installs Financial Objects activebank2 package

Amalgamated Banks of South Africa (ABSA) has installed Financial Objects' activebank2 software in an effort to improve efficiency at its Singapore treasury operations.

16 July 2002

/retail

South African banks create national card fraud net

Absa Bank, Nedcor Bank and Standard Bank of South Africa are to use neural network technology from Retail Decisions to build a national credit card fraud detection system.

29 January 2002

/retail

Absa contracts with Trintech for e-payments initiative

South African financial services group Absa is deploying a range of technology platforms from Trintech in the roll-out of a new, secure B2B and B2C online payment service.

06 November 2001

/regulation

Algorithmics bags four South African contract extensions

Financial institutions Absa, Nedcor and Standard Bank are among four South African corporates to extend their contracts with Algorithmics for market risk management.

12 October 2001

/retail

Absa forges R420 million alliance with Telkom

South African bank Absa has entered a R420 million partnership agreement with telecommunications outfit Telkom aimed at improving customer service, e-business operations and network connectivity across the continent.

18 September 2001

/retail

Absa to manage Tanzanian ATM network via satellite

Absa has licensed IFS International's TPII product to manage a new network of Automated Teller Machines (ATMs) at its recently acquired subsidiary in Tanzania, NBC. The software will be operated from Johannesburg, South Africa and will link with the ATMs via satellite links already developed for a long-distance branch automation project.

09 February 2001

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