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Absa Bank modernizes credit risk management reporting with SAS

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AI-driven automation with SAS Viya on AWS accelerates reporting while enhancing compliance and model governance

CARY, N.C., Aug. 5, 2026 /PRNewswire/ — Absa Bank, one of Africa’s largest financial institutions, understands that each credit decision represents someone’s next chapter. Amid rising customer expectations and regulatory demands, the bank teamed with SAS, a global leader in data and AI, to modernize its credit risk management infrastructure. The result: faster, more transparent and reliable lending and better outcomes for the people Absa serves.

 “With SAS Viya on AWS, we now deliver faster, more reliable credit decisions.” – Dewald Fourie, Absa Bank

The credit risk management system – built on SAS® Viya®, the company’s data and AI platform, and running on Amazon Web Services (AWS) – has reduced reporting cycles by 80% to 90% – from weeks to hours. It also helps the bank roll out new models 50% faster than before.

“Absa’s adoption of SAS Viya on AWS has transformed model risk management from a back-office function into a forward-looking strategic advantage,” said Stu Bradley, Senior Vice President of Risk, Fraud and Compliance Solutions at SAS. “The focus on governance is helping streamline AI innovation, and this evolution enables faster, more reliable credit decisions, improves loss predictability and strengthens regulatory compliance for Absa.”

Next-gen model governance drives precision and performance
With more than 500 credit risk models supporting its retail portfolio, Absa recognized that delays in model monitoring and updates could adversely impact capital reserves, loss forecasts and regulatory compliance. The bank’s legacy system – reliant on manual scripts and siloed processes – was unsustainable.

“Model monitoring is a vital part of our model governance,” said Dewald Fourie, Modeling Data Scientist at Absa. “Previously, analysts spent up to four weeks generating a single report. Now, with SAS Viya on AWS, we’ve automated the process and shifted our focus to strategic analysis and innovation.”

The benefits of Absa’s new SAS-powered capabilities on AWS extend far beyond efficiency:

80% to 90% reduction in reporting time: Model monitoring reports are now generated automatically.50% faster onboarding of new models: New frameworks (including all associated approvals) now go live in less than six months.Strategic reallocation of talent: Analysts once bogged down in manual work are now focused on higher-value projects.Elastic cloud usage: Instead of idle server capacity, resources now scale dynamically to meet demand – paying only for what’s used.Built-in AI guidance: The automated “Insights” feature of SAS Viya surfaces recommendations for further optimization.

To lead the transformation, Absa established a Center of Excellence and partnered with SAS to rebuild its monitoring framework. The new system delivers:

Standardized reports and dashboards across all models.Automated execution to reduce human error and manual effort.Real-time insights for business and regulatory stakeholders.

“With SAS Viya on AWS, we turned a once dull-but-necessary manual function into an automated strategic capability,” said Fourie. “We now deliver faster, more reliable credit decisions while improving loss predictability and ensuring regulatory compliance.”

Absa’s success has sparked broader innovation across the bank, with plans to apply the same data and AI-driven approach to other areas of operations.

Credit risk management: The foundation of financial resilience
Effective credit risk management is essential for banks and financial services firms because it directly influences both profitability and reputation. By striking the balance between prudent lending and responsible risk-taking, institutions can sustain growth while minimizing exposure to losses from defaults or poor credit decisions.

Absa’s modernization illustrates this balance in action, supported by SAS’ proven leadership in credit risk solutions. Backed by SAS’ Category Leader distinction across seven quadrants in Chartis Research’s recent Credit Risk Management Solutions, 2025: Quadrant Update, Absa exemplifies how a data-driven governance framework can help firms strengthen performance, resilience and customer confidence, while laying the foundation for continued innovation across the enterprise.

About Absa Bank
Absa Group Limited (‘Absa Group’) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest diversified financial services groups. Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance. 

Absa Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia and has insurance operations in Kenya and South Africa. Absa also has representative offices in the People’s Republic of China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic. For further information about Absa Group Limited, visit www.absa.africa.

About SAS
SAS is a global leader in data and AI. With SAS software and industry-specific solutions, organizations transform data into trusted decisions. SAS gives you THE POWER TO KNOW®.

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2026 SAS Institute Inc. All rights reserved.

Editorial Contact:
Mike Nemecek
Mike.Nemeceks@sas.com
919-531-5140
sas.com/news

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Elisity Launches Open CLI for Customer-Built AI Agents on Its Microsegmentation Platform

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New command-line interface lets security teams run their own AI agents on Elisity’s microsegmentation platform, as 77% more customer organizations used Elisity Intelligence in June than in April.

SAN JOSE, Calif., Aug. 5, 2026 /PRNewswire/ — Elisity, the identity-based microsegmentation company, today launched the Elisity CLI, an open command-line interface that lets security and network teams run their own AI agents against the Elisity platform. Teams can script discovery, manage Zero Trust least-privilege access policies, and pull posture reports, then point their own AI orchestrators at the platform to keep checking that segmentation controls still hold.

Plenty of security vendors now ship AI agents that customers can’t see inside. Elisity does the reverse. Security teams point whatever agent they already run at an open interface, and built-in guardrails stop that agent from acting on a guess or making a change nobody approved. Because every action runs on identity through Elisity IdentityGraph™, an agent works from many data points Elisity has already ingested and correlated, so it can tell what a device really is instead of guessing from an IP address. Teams automate only what they want, and a person signs off before anything changes.

Elisity built a command-line interface rather than a Model Context Protocol server by design. An MCP server is a standing, privileged connection into the platform, and it widens what an agent can reach by default. That pattern has drawn steady scrutiny from security researchers, and it asks a security team to run one more always-on service inside the environment it is trying to protect. A CLI inverts the model. It runs only when it is called, it runs under the caller’s own credentials and permissions, and every state-changing command stops for human approval. The concern is not theoretical. In July 2025, researchers disclosed CVE-2025-6514, rated 9.6 out of 10, in mcp-remote, a connector downloaded more than 437,000 times: a malicious MCP server could run operating system commands on the machine that connected to it, the first documented remote code execution against an MCP client.

Elisity built the CLI for teams that want to run the platform programmatically and stand up their own agentic workflows:

466 commands covering the Elisity Cloud Control Center API, plus reporting on Zero Trust posture scores, per-site metrics, and traffic and threat vectors.An operating guide and command glossary for AI agents like Claude or ChatGPT, so an agent runs a real command instead of inventing one.Human approval on every state-changing command, and a separate confirmation for deletes.Output in JSON, table, YAML, or CSV, with profiles for production, staging, and lab.

“Most of the industry is asking customers to trust a black-box AI agent with their network. We’re doing the opposite. Our CLI hands customers the keys, so they point their own AI agents at the platform and automate exactly what they choose, with a human approving anything that changes state. And because it all runs on identity through Elisity IdentityGraph, an agent knows what a device actually is, not just a guess off an IP address. That’s the difference between automation you can audit and automation you just hope works,” said James Winebrenner, CEO, Elisity.

“Every segmentation program eventually reaches the same question: Are these policies still enforcing the outcomes we designed them to achieve? Historically, the answer came from periodic audits and the assumption that nothing had changed. With the Elisity CLI, we can continuously validate our Zero Trust least-privilege policies against realistic adversary techniques. If a policy drifts or no longer prevents lateral movement, we know within minutes instead of discovering it during an incident. In healthcare, operational resilience matters because downtime is not just an IT problem. Automating these tests gives us continuous assurance that our controls are performing the way we expect them to. Security isn’t about believing your controls still work. It’s about proving they do,” said Jason Elrod, Chief Information Security Officer, MultiCare Health System.

Customer use of Elisity Intelligence, the platform’s optional AI, has climbed steadily through 2026. The number of customer organizations using it grew 77% between April and June, and the heaviest use is in policy work, device lookups, and the overview dashboard, where the daily work happens. Nothing about it runs on its own. Administrators decide what’s on, and every recommendation waits for a person to approve it before anything changes. Customers running it already include GSK, Main Line Health, and MultiCare Health System, this year’s CSO Award winner.

Elisity offers the CLI to customers today. Teams that want to wire up their own agents can request access through their Elisity account team. Elisity’s AI capabilities data sheet explains how Elisity Intelligence works, and you can request a demo to see the platform.

About Elisity

Elisity (www.elisity.com) helps healthcare systems, manufacturers, and critical infrastructure operators stop lateral movement through identity-based microsegmentation. Elisity discovers every user, workload, and device, then enforces Zero Trust least-privilege access policies on existing network infrastructure, with no agents, new hardware, or network redesign. Elisity protects organizations including GSK, Main Line Health, MultiCare Health System, and Shaw Industries. For more information, visit www.elisity.com

Media Contact

Danielle Ostrovsky
Hi-Touch PR
Ostrovsky@Hi-TouchPR.com

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Global Creators Turn to Yiwu as Livestream Commerce Gains Momentum

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YIWU, China, Aug. 5, 2026 /PRNewswire/ — An increasing number of content creators from around the world are traveling to Yiwu to explore wholesale markets and host livestream shopping sessions, reflecting the city’s growing role in cross-border e-commerce.

Backed by one of the world’s most comprehensive small commodities supply chains, around-the-clock livestreaming infrastructure and steadily expanding foreign trade, Yiwu is providing creators from China and abroad with new opportunities to monetize content while helping merchants reach overseas consumers.

In July, leading influencers and international student creators from several countries independently launched livestream shopping activities across Yiwu International Trade City eight major markets, demonstrating a business model that is attracting growing participation.

Creators from Southeast Asia, Europe and the Middle East—including TikTok influencers with followings in the tens of millions, French niche creators and Indian cross-border content producers—have been visiting Yiwu’s wholesale markets to produce short-form videos. Collectively, they reach an audience of more than 40 million followers, while bilingual content generated during these visits has attracted over 10 million views and contributed to a growing number of overseas sourcing inquiries.

Recent campaigns have also produced measurable commercial results. Indonesian livestream host Rami gained more than 80,000 followers within just over 10 days of launching content from the Yiwu Global Digital Trade Center. A jewelry merchant featured in her livestreams reported additional revenue of RMB 20,000 to 30,000 per session. In another case, a Malaysian creator generated more than RMB 200,000 in sales during a single livestream featuring a silver jewelry store, prompting the merchant to pursue a longer-term collaboration.

The trend is also gaining traction among Chinese content creators. Over the past two months, more than 300 influencers from a wide range of content categories have independently visited Yiwu’s eight major wholesale markets, touring over 1,370 source manufacturers and wholesale booths. Together, they produced 305 industry-focused videos that generated more than 128 million views and led to over 8,000 verified sourcing inquiries.

The content spans more than 20 of Yiwu’s key manufacturing sectors, including AI-powered devices, collectible toys, beauty products, outdoor equipment, imported home furnishings, fashion accessories and toys.

Yiwu has also expanded its livestreaming ecosystem to better accommodate international audiences.

The Global Digital Trade Center has introduced a “Starlight Livestream” initiative, under which nearly 700 merchants extend their business hours into the early morning to align with peak online shopping hours in Europe, North America and Southeast Asia.

The arrangement allows overseas creators to broadcast in real time from wholesale markets while their target audiences are online. Supported by integrated dropshipping services, creators can promote products without maintaining inventory or operating warehouses, while merchants fulfill orders directly. Revenue is generated through commission-based partnerships, allowing both merchants and creators to scale up sales with relatively low upfront costs.

According to participating merchants, collaborations with overseas content creators have helped expand their international customer reach, enabling them to connect directly with overseas buyers through livestreaming without relying solely on overseas trade exhibitions. More than 87% of surveyed merchants said they are interested in establishing long-term partnerships with international creators.

The growth of creator-led cross-border commerce has been supported by Yiwu’s strong foreign trade performance.

In the first half of 2026, the city’s exports reached RMB 420.7 billion, up 17.3% year on year. Cross-border e-commerce transaction value exceeded RMB 100 billion for the first time in a six-month period, an increase of 11.25% from a year earlier. Yiwu’s supply network spans 26 major product categories and more than 2.1 million product lines, enabling merchants to respond quickly to changing market demand.

Yiwu continues to expand its support services for content creators, including free livestreaming venues, multilingual AI-powered editing tools and integrated cross-border logistics solutions, making it easier for overseas creators to establish and operate livestream-based businesses.

The growing number of collaborations between creators and merchants suggests that the combination of localized digital content and Yiwu’s manufacturing and supply chain ecosystem is becoming an increasingly important driver of cross-border e-commerce.

Rather than requiring significant upfront investment, creators can produce localized livestreams and short-form videos from Yiwu’s wholesale markets while relying on the city’s extensive supplier network and dropshipping capabilities. Merchants, in turn, gain greater exposure to overseas consumers and new business opportunities through creator partnerships.

As cross-border e-commerce continues to expand, Yiwu is positioning itself as a hub where manufacturers, merchants and content creators can collaborate within an integrated livestream commerce ecosystem, creating new opportunities for international trade.

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Infosys and Metsä Group Expand Strategic Collaboration to Drive AI-led IT Transformation

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Powered by Infosys Topaz Fabric to enable intelligent, agentic IT operations

BENGALURU, India and ESPOO, Finland, Aug. 5, 2026 /PRNewswire/ — Infosys, (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in AI-first business consulting and technology services, today announced a significant expansion of its long-standing collaboration with Metsä Group, a globally operating forest industry company based in Finland. Under this multi-year engagement, Infosys will support the transformation of Metsä Group’s IT landscape towards a more efficient, unified, and AI-ready operating model, while delivering end-to-end IT services across the company’s global operations.

Infosys will draw on its industry expertise and technology capabilities to manage Metsä Group’s application management, cloud operations, workplace services, on-site IT/OT interface support, and service desk operations, across both mill and office locations. Through these efforts, Infosys will help drive productivity and economies of scale, while laying the groundwork for continuous innovation through automation, generative AI, and data-driven service management.

Central to the transformation is Infosys Topaz Fabric, a purpose-built, composable and open agentic services suite, that will power agentic AI capabilities and embed intelligence across Metsä Group’s IT operations. It will also help lift service delivery, speed up issue resolution, and enable cost savings across the expanded engagement.

Kristiina Lammila, Chief Information Officer of Metsä Group, said, “This engagement marks a new chapter in Metsä’s long-standing collaboration with Infosys, as we simplify and transform our IT sourcing model to meet the efficiency demands of today’s business environment. We are confident in our joint ability to deliver on these targets and accelerate the transformation of Metsä’s IT, powered by AI.”

Ruchir Budhwar, EVP & Industry Head, Europe, Manufacturing, Infosys, said, “The forestry industry is contending with rising cost pressures, growing operational complexity, and the need to scale AI-driven innovation, all at once. Metsä Group is approaching this with real clarity and ambition, and its decision to consolidate and transform the Group’s IT with Infosys reflects the trust built over years of collaboration. Infosys brings deep manufacturing sector expertise and a proven AI-first approach, with Infosys Topaz Fabric driving intelligent, agentic operations at the heart of this engagement. We are fully committed to delivering the outcomes that matter most to Metsä’s business, while deepening our long-term commitment to the Finnish market and strengthening our position as a leading technology partner in the region.”

About Metsä Group

Metsä Group has its roots in the Finnish forest: our parent company Metsäliitto Cooperative is owned by approximately 90,000 forest owners. We make wood products that people around the world need every day. We focus on pulp, paperboards, tissue and greaseproof papers, wood products, and wood supply and forest services. We are committed to regenerative forestry that measurably strengthens the forest ecosystem. We promote a culture of diversity, equality and inclusion. In 2025, our sales totalled EUR 5.8 billion, and we employ about 8,800 people.

More information: www.metsagroup.com
Follow Metsä Group: LinkedIn Instagram

About Infosys

Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY) is a global leader in AI first business consulting and technology services. Over 325,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. As navigators of enterprise transformation, we enable businesses in 59 countries to unlock AI value at scale. With over four decades of experience in managing the systems and workings of global enterprises, we accelerate business transformation through our AI-first value framework, deep domain expertise, and our unique ability to orchestrate innovations from our AI-native partner ecosystem. Infosys is recognized as the fastest growing IT services brand globally, committed to being a well-governed, environmentally sustainable partner for our clients where deep talent expertise, in an inclusive workplace, help them navigate their next.

Safe Harbor

Certain statements in this release, including those concerning our future events, future growth prospects, our future financial or operating performance and our offerings and collaborations are “forward looking statements” intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on our current expectations, assumptions, estimates and projections about the Company, our industry, economic conditions in the markets in which we operate, and certain other matters. These forward-looking statements are subject to substantial known and unknown risks, uncertainties and other factors, that could cause actual results or outcomes to differ materially from those implied by such forward-looking statements. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence, the complex and evolving regulatory landscape including immigration regulation changes, particularly in the United States, our Environmental, Social, Governance (“ESG”) vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity and capital resources, our corporate actions including acquisitions, cybersecurity matters, the outcome of pending litigation and the US government investigation, and the effect of current and future tariffs. These and additional factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2026. These filings are available at www.sec.gov. In light of these and other uncertainties, you should not conclude that the results or outcomes referred to in any of the forward-looking statements will be achieved. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

 

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