Connect with us

Hi, what are you looking for?

News Watch

Absa now using gambling spend data when lending to clients

Absa Group CEO Kenny Fihla says its personal and private banking (PPB) unit in South Africa is “starting to use the prevalence of gambling and gambling trends as part of the decision logic when lending to clients”.

He says these spending trends are actually a “huge predictor” when it comes to customers becoming delinquent, adding that the analysis done by the PPB unit shows “that the more clients become indebted, the more they gamble, and the deeper the hole becomes”.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Datanamix News

How to improve right-party contact rates in debt collection in South Africa  Right-party contact is one of the most important performance indicators in debt...

Datanamix News

Securing verification data in a Unified API ecosystem Modern verification systems are no longer judged on speed and accuracy alone. As verification volumes increase and regulatory scrutiny...

Datanamix News

How can digital retailers verify customer identity online in South Africa?    Digital retail in South Africa has grown rapidly, jumping from R37.4 billion in 2018...

Datanamix News

Debt collectors in South Africa: Trace and verify faster Debt collection in South Africa is a complex process, and debt collectors face unique challenges...

Datanamix News

Is manual verification slowing your digital retail business down?  Manual verification is one of the biggest hidden risks in digital retail today. As digital...

Datanamix News

‘I’m advocating to change the Rica Act for biometric recognition to be included at time of registration. I propose facial recognition because that works...

Datanamix News

How do you verify a Trust in South Africa?    Verifying a Trust in South Africa is one of the most misunderstood and risk-heavy parts of...

Datanamix News

How to find updated debtor contact details in South Africa  One of the biggest operational challenges facing South African debt collectors today is outdated debtor...

Datanamix News

5 ways to strengthen your data verification framework before year-end  As 2025 draws to a close, data verification is more than a box-ticking exercise...

Datanamix News

API Data That Drives 2026 – Building a Compliance-Ready Framework for 2026  API Data accuracy and verification speed matter more than ever as financial...

Copyright © 2026 - Datanamix
Disclaimer: The information in this BLOG is provided for general informational purposes only and is the opinion of the author only. No information contained in this blog should be construed as legal advice from Datanamix or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this blog should act or refrain from acting on the basis of any information included in, or accessible through, this blog without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue.