AI Report in South Africa’s financial sector
The Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA) have jointly publishedtheir inaugural report, Artificial Intelligence in the South African Financial Sector. This report providesthe first comprehensive overview of AI adoption, including machine learning (ML) and generative AI(GenAI), within South Africa’s financial institutions.Informed by a survey of banks, insurers and investment managers that…

