Search Results for "Absa"
2 results for "Absa"
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Absa Bank Partners with TCS to Adopt BIAN APIs for Platform Banking
Absa Bank partnered with TCS to decompose legacy middleware into standardized BIAN APIs and microservices, enabling a modular banking-as-a-platform architecture. The initiative creates a single point of entry for fintechs, merchants, and third-party aggregators. This approach reduces integration costs and accelerates time-to-market for new services.
SARB and Seven Banks Test DLT Wholesale Payments in Project Khokha
The South African Reserve Bank published the results of Project Khokha, a 14-week proof-of-concept testing distributed ledger technology for interbank wholesale payments using tokenized rand. Seven major South African banks participated alongside ConsenSys and PwC. The project demonstrated feasibility with transaction speeds up to 400,000 tx/sec, marking a milestone for central bank-fintech collaboration in Africa.