Michiel Le Roux's Capitec blocked $43 million in fraud losses using AI that scores every payment in real time
Billionaires Africa | 02.09.2026 20:23
Capitec blocked $43 million (R699 million) in potential fraud losses for more than 113,000 clients in the year to June 2026, the South African retail bank has revealed, as it disclosed a suite of eight artificial intelligence tools it has deployed to intercept financial crime before money leaves customers' accounts.
