Financial Institutions Group

The Financial Services sector is pivotal to every country’s economy. From insurance to financial markets and micro finance institutions, to money services businesses and asset retirement obligations (AROs), countries evolve based on advancements made in their financial services sector. Essentially this is the one sector that determines how diversified and inclusive an economy is.

The Financial Services sector has also been subject to tremendous change over the past decade with the pace and agenda largely driven by digital disruptors.

Regulations, compliance, cyber risks and tech advancements have made their mark – from the clear impacts of disruption in the FinTech and InsurTech spaces – to less obvious innovations such as Uber, that will directly impact the car insurance market in years to come.

The global pandemic is expected to intensify the spotlight on the need to build more comprehensive economies, considerations that the Financial Services sector must urgently address.

At Absa, our strength in this market is evidenced by our proven track record. We are the primary transaction bank of Sanlam, Munich Re, Santam, AIG, Willis and Monet.

Our service excellence, product innovation and extensive industry expertise are borne out of our ability to stay abreast of regulatory changes, detect shifts in the market and identify new opportunities.

Our scale and credit rating underpins the established and trusted role that we play in this sector, both in South Africa and across the African continent.