Angela Kyerematen-Jimoh, the Regional General Manager for IBM North, East and West Africa was on CNBC Africa with Arnold Kwizera to talk about how the Banking Sector in Africa is leveraging technology such as artificial intelligence and Hybrid Cloud to better serve the rapidly evolving demands of their customers.
African banks including EcoBank, Attijariwafa Bank, United Bank of Africa, Co-operative Bank of Kenya, Nedbank and Banco Mais only a few days ago were announced to have signed deals with IBM technologies to help advance financial inclusion across the continent through hybrid cloud and AI capabilities to unlock digital innovation, ultimately aiming to broaden access to financial services on the continent.
The deals will, reportedly, allow its African banking clients to store their information with some of it held internally in what’s known as private cloud and other data stored in public clouds.
In 2019, IBM announced the IBM Cloud for Financial Services, designed to help reduce risk for financial institutions and to facilitate efficient financial services.
Earlier this year, they announced general availability of the industry’s first financial services-ready cloud platform, IBM Cloud for Financial Services, as well IBM Cloud Satellite. The IBM Cloud Satellite brings a secured, unifying layer of cloud services for clients across environments, regardless of where their data resides.
According to Angela, the past year has 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 consumer. Coupled with stiff competition from more convenient options, banks across the continent are providing digital services to their clients and IBM is working them to deliver intelligent, cloud-based, digital-first innovation through IBM’s hybrid cloud and AI capabilities
Watch the full interview here.