For the African banking sector, cloud is the biggest trend since mobile payments. From financial institutions looking to adopt platform-oriented
architecture and accelerate product rollout to startups launching innovative, all-digital products, cloud-powered models are poised to transform
Africa's productive capacity.
However, in many cases, regulations hamper African banks' ability to utilize cloud services to optimize their technology infrastructure. The solution is
more growth-friendly policies, e.g. fast-track business registration, transparent licensing processes, and mediation for regulatory regimes.
In effect, the development of infrastructure and the success of cloud banking depends on the right partnerships being struck, and whether regulators
give the green light—without these, Africa's digital transformation is likely to be much slower.
CATALYZING ECONOMIC TRANSFORMATION
Revamp your business with the benefits of cloud for better,
more efficient, more cost-effective banking systems
About Sopra Banking's Cloud Solutions
