Basel III Model Validation for South African Banks: Meeting Prudential Authority Standards for AI Credit Risk and Collections Models

TL;DR On 24 November 2025, the Prudential Authority of the South African Reserve Bank and the Financial Sector Conduct Authority jointly published a report on artificial intelligence in South Africa’s financial sector. The report drew on analysis conducted throughout 2024 and set out, for the first time in a formal joint publication, the regulators’ view […]
Model Governance for AI Collections in South Africa: Meeting FSCA Validation Standards and Basel III Requirements

TL;DR The KPMG South Africa Ten Key Regulatory Challenges for 2025 places AI model validation and continuous monitoring at the centre of the financial services governance agenda, identifying these as the most critical technical requirements that South African banks must address for AI systems: rigorous testing and validation before deployment, continuous monitoring after deployment, and […]


