African banks including EcoBank, Attijariwafa Bank, United Bank of Africa, Co-operative Bank of Kenya, Nedbank and Banco Mais are tapping into IBM technologies to help advance financial inclusion across the continent
JOHANNESBURG, Sept. 22, 2021 /PRNewswire/ — IBM (NYSE: IBM ) today announced that financial institutions across Africa have selected hybrid cloud and AI capabilities from IBM to unlock digital innovation and continue their work to develop digital-first solutions, ultimately aiming to broaden access to financial services on the continent. #AfricaBanksOnIBM COVID-19 continues to accelerate the already rapid changes that were happening across the financial services sector in Africa, fast-tracking the adoption of digital technologies to boost financial inclusion. As banks focus their efforts on open innovation, security and high-value services, hybrid cloud solutions have become increasingly important to deliver seamless and secured digital banking experiences.
"Enterprises face unique challenges when it comes to balancing innovation and regulatory compliance, especially those in highly regulated industries like financial services," says Alan Peacock, General Manager, IBM Cloud. "For decades, IBM has been fuelling the transformation of the financial services industry, bringing IBM’s industry experience and leadership in security and data privacy to help banks address those challenges and modernize, transform their operations and offer innovation to their customers."
"In the past year we have seen banks navigate changes brought on by a growing preference for digital and mobile solutions, increasing smartphone penetration and the demand for convenience, innovation, and simplicity from today’s modern consumer," says Angela Kyerematen-Jimoh, Regional, General Manager for IBM North, East and West Africa. "As banks across the continent take advantage of the opportunity to provide digital financial services which can boost financial inclusion, IBM is working with Africa’s financial groups to deliver intelligent, cloud-based, digital-first innovation through IBM’s hybrid cloud and AI capabilities."
