SA banks battle it out for scarce IT skills

16 June 2019 - 00:14 By EMMA RUMNEY and NALEDI MASHISHI

A severe shortage of computer skills in SA has left its major banks fighting over a limited pool of people with the skills they need to upgrade technology platforms and keep pace with changing customer demands and competition from new rivals.

The country's four biggest lenders - Absa, Standard Bank, Nedbank and FirstRand - said it was hard to access the skills they need to rapidly digitise - a response to growing demand for online and mobile banking and the arrival of a host of digital-only banks trying to steal their customers with slick apps and cut-price fees...

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