Company Directory - South African Banking Risk Information Centre
Company Details - South African Banking Risk Information Centre
South African Banking Risk Information Centre
WebsiteSouth Africa
The South African Banking Risk Information Centre (SABRIC) focuses on providing risk information services to banks and financial institutions in South Africa, particularly in the areas of fraud prevention and customer protection.
CCI Score
CCI Score: South African Banking Risk Information Centre
56.13
Latest Event
SABRIC Releases 2023 Annual Crime Statistics Report
SABRIC published its Annual Crime Statistics Report for 2023, which highlights a significant increase in financial crime losses in South Africa. The report aims to inform banks and financial institutions about rising risks and underscores the importance of transparency and accountability in safeguarding consumers and the financial sector.
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LEADER
South African Banking Risk Information Centre is currently rated as a Leader.
Latest Events
- DEC012024
SABRIC published its Annual Crime Statistics Report for 2023, which highlights a significant increase in financial crime losses in South Africa. The report aims to inform banks and financial institutions about rising risks and underscores the importance of transparency and accountability in safeguarding consumers and the financial sector.
+30
Business Practices and Ethical Responsibility
June 9
By releasing its Annual Crime Statistics Report, SABRIC demonstrates a commitment to transparency and ethical business practices. This disclosure supports public accountability and helps inform regulatory and community efforts to combat financial crimes that can destabilize economic growth and potentially foster authoritarian economic conditions.
Financial crime: Significant increase in financial crime losses for 2023
- SEP022024
SABRIC and the Department of Justice and Constitutional Development have signed a Memorandum of Understanding to enhance capacity in digital forensic investigations, bolster anti-corruption measures, and combat financial and cybercrime in South Africa.
+85
Public and Political Behavior
June 9
The collaboration between SABRIC and the Department of Justice and Constitutional Development demonstrates a proactive stance in enhancing transparency, accountability, and capacity to combat financial and cybercrime. This partnership supports anti-corruption efforts and reinforces democratic principles, positioning the initiative as a positive, anti-authoritarian measure.
Department and Sabric Sign Mou to Combat Financial Crime and Corruption
- SEP022024
SABRIC has entered a historic memorandum of understanding with the Department of Justice and Constitutional Development to combat financial crime and corruption in South Africa, with plans to enhance digital capabilities and strengthen capacity-building in the financial sector. The event is scheduled for 02 September 2024 and marks a significant public-private collaboration to bolster institutional integrity.
+80
Public and Political Behavior
June 9
The partnership with the Department of Justice underlines SABRIC's commitment to strengthening public oversight and enhancing anti-corruption measures. Such collaboration supports democratic accountability and bolsters rule of law, aligning strongly with anti-fascist principles.
+60
Technology and Services Impact
June 9
The agreement includes the development and implementation of advanced digital capabilities to mitigate cybercrime risks. This adoption of technology serves to enhance transparency and security in the financial sector, supporting progressive, anti-authoritarian measures.
- FEB092024
SABRIC and the Department of Justice and Constitutional Development signed a memorandum of understanding to collaborate on initiatives aimed at combating corruption, fraud, and illicit financial activities in South Africa. The agreement includes capacity-building measures at the Justice College, which will educate learners on modern financial crimes and promote transparency and accountability in the banking sector.
+80
Executive Political Engagement
June 9
SABRIC’s memorandum with the Department of Justice represents a proactive executive engagement aimed at bolstering transparency, accountability, and anti-corruption measures—a clear positive move against authoritarian practices. By aligning with government efforts to strengthen the criminal justice system and improve regulatory oversight, SABRIC supports progressive and anti-fascist objectives.
- NOV022023
SABRIC, in partnership with BASA and the Hawks, has launched a state-of-the-art Forensic Analysis Centre to bolster South Africa's capacity to investigate financial crimes. The centre, which opened on November 2, 2023, provides advanced digital tools, comprehensive training for 40 senior investigators, and maintains strict safeguards ensuring law enforcement retains full control over investigations.
+80
Public and Political Behavior
June 9
SABRIC’s active role in partnering with BASA and the Hawks to establish the centre reinforces public and political collaboration aimed at enhancing transparency and accountability in financial investigations. This initiative supports progressive, anti-authoritarian measures by aiding law enforcement in effectively addressing financial crimes.
+60
Business Practices and Ethical Responsibility
June 9
By hosting and overseeing this transformative project, SABRIC demonstrates a commitment to ethical business practices. The centre’s operation, built on high ethical standards and clear independence from governmental influence, emphasizes integrity and strong corporate responsibility.
+70
Technology and Services Impact
June 9
The deployment of advanced technological tools and digital infrastructure as part of the forensic centre reflects a forward-thinking use of technology to enhance investigative capabilities. This progressive approach aids in defending against financial crimes, aligning with anti-authoritarian and socially responsible practices.
- OCT032023
Sabric, the South African Banking Risk Information Centre, released its annual 2022 crime statistics report on October 3, 2023, highlighting a 36% surge in banking app fraud incidents and a 23% increase in ATM explosive attacks. The report emphasizes the need for enhanced collaboration among government entities, the private sector, and civil society to improve regulatory frameworks and law enforcement capabilities, thereby promoting transparency and accountability in the financial sector.
+40
Public and Political Behavior
June 9
The publication of a comprehensive crime statistics report by Sabric promotes transparency and accountability in the financial sector. By highlighting rising fraud incidents and urging collaboration among government, private sector, and civil society, Sabric is contributing positively to public political behavior, which is essential for combating authoritarian practices and enhancing regulatory oversight.
SA grappling with a surge in banking app fraud, Sabric reveals
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- Financial Transactions Processing, Reserve, and Clearinghouse Activities
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