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Namibia: Namibian banks embrace AI to boost efficiency and save millions – Investigative Unit

Namibia: Namibian banks embrace AI to boost efficiency and save millions – Investigative Unit

Africa Links 24 with Shania Lazarus
Published on 2024-12-22 07:14:01

Three years ago, the Bank of Namibia (BoN) took more than a day to finalise payments to government contractors.

Today, similar transactions are completed in less than two minutes, thanks to the introduction of artificial intelligence (AI) technologies.

Instead of officials driving to the central bank to file documents, this role is now fulfilled by AI robots via an internet-based government portal. One of the AI robots on that central bank portal is called Onguvi (Otjiherero for…

Read the Full article on The Namibian

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