5 March 2026

NTT DATA extends partnership with Absa to drive financial transformation

• Absa extends its partnership with NTT DATA to manage SAP S/4HANA-based financial systems.
• The agreement supports Absa’s drive to continually transform financial reporting across its markets and enhances the bank’s ability to consolidate and report financials.

JOHANNESBURG, March 5, 2026 — NTT DATA, a global leader in AI, digital business and technology services, today announced the renewal and extension of its partnership with Absa, one of Africa’s largest diversified financial services groups, to deliver application management services for the bank. The solution is focused on Absa’s SAP S/4HANA group reporting and financial consolidation landscape. The renewed five-year agreement enhances Absa’s ambition to modernise financial systems and applications and embeds group-wide standards that enhance agility, flexibility and robust financial control.

“We’re proud to continue supporting Absa’s finance modernisation with trusted SAP application management services,” said Lauren Wortmann, Managing Director of Application Services at NTT DATA in Middle East and Africa. “Our focus is on reliable operations, continuous improvement and measurable business outcomes that will help Absa strengthen controls and unlock real-time insights from a resilient S/4HANA foundation.”

Under the leadership of John Annandale, Absa Managing Executive responsible for Financial Control Functions and Finance CIO, Absa has progressively consolidated ledgers, streamlined close processes and moved finance operations to a modern SAP S/4HANA foundation, integrated with best-of-breed spend management.

“Our efforts to build a single source of financial truth for Absa across Africa are ongoing,” said John. “Renewing and extending our partnership with NTT DATA ensures we have the specialist SAP capability and dependable operations to match the scale of our ambition, supporting stronger controls, faster close cycles and the data quality our business stakeholders expect. This is a South Africa-led transformation with Africa-wide impact and our unified platform positions Absa to grow with resilience and transparency.”

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About NTT DATA

NTT DATA is a $30+ billion business and technology services leader, serving 75% of the Fortune Global 100. We are committed to accelerating client success and positively impacting society through responsible innovation. We are one of the world’s leading AI and digital infrastructure providers, with unmatched capabilities in enterprise-scale AI, cloud, security, connectivity, data centers and application services. Our consulting and industry solutions help organizations and society move confidently and sustainably into the digital future. As a Global Top Employer, we have experts in more than 70 countries. We also offer clients access to a robust ecosystem of innovation centers as well as established and start-up partners. NTT DATA is part of NTT Group, which invests over $3 billion each year in R&D.

Visit us at nttdata.com

About Absa Group Limited

Absa Group Limited (‘Absa Group’) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest diversified financial services groups. 

Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance. 

Absa Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia and has insurance operations in Kenya and South Africa. Absa also has representative offices in the People’s Republic of China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic. For further information about Absa Group Limited, visit www.ab.africa

Media Contacts: marian.scala@nttdata.com or brenda.sono@razorpr.co.za