Cloud Banking in Africa - The Regulatory Opportunity

Cloud Banking in Africa

A new report co-authored by Genesis Analytics (the largest economics-based consulting firm in Africa) and Orange Business Services, with the support of the Bill & Melinda Gates Foundation, concludes that cloud computing solutions could help African banks to reduce costs significantly and provide financial services to poorer people who are currently either underserved or unbanked. This report highlights the critical role that regulators should play.