Today's Bulletin: December 6, 2024

More results...

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Africacom
AfricaCom 2024
AI
Apps
Apps
Banking
Broadcast
CABSAT
Cabsat
Cloud
Column
Content
Corona
DTT
eCommerce
Editorial
Education
Entertainment
Events
Fintech
Fixed
Gitex
Gitex Africa
Healthcare
IBC
Industry Voices
Infrastructure
IoT
MNVO Nation Africa
Mobile
Mobile Payments
Music
MWC Barcelona
MWC Kigali
News
Opinion Piece
Q&A
Satellite
Security
Software
Startups
Streaming
Technology
TechTalks
TechTalkThursday
Telecoms
Utilities
Video Interview
Follow us

MainOne offers unparalleled Hybrid Cloud solutions for Banks, MFIs across West Africa

March 2, 2021
3 min read
Author: Editorial Team

In a bid to enhance economic growth through financial inclusion, the Central Bank of Nigeria issued Mobile Network Operators payment banking licenses in 2019 while in Ghana, a digital financial services (DFS) policy was launched in early 2020. Other countries on the African continent have implemented similar policies. These developments do not only pave the way for greater inclusion in the financial system, but also put additional pressure on commercial banks and MFIs to deliver efficient and more cost-effective services.

However, many commercial banks and MFIs have been held back on their digital transformation journeys by legacy technology and processes. They have continued to invest in and own Data Centers to host critical applications, which have not been cost efficient. System outages and downtimes have been common with these banks, resulting in heavy financial loses and reputational damage.

“MainOne as a renowned leader in connectivity solutions that enable digital transformations across West Africa, is focused on supporting organizations across sectors to adapt to the flexibility, cost effective and value add that innovative cloud connectivity enables for them.”

Ololade Shonubi, DGM Marketing and Customer Experience

As an end-to-end provider of Connectivity, Datacenter  and Cloud services , MainOne has supported various financial institutions by offering a comprehensive technical and commercial build-versus-buy assessment which has facilitated partnerships that allowed the banks achieve regulatory compliance and increased efficiencies without the weight of operating and capital expenditure challenges.

“We offer bespoke solutions that allow various industries including the Financial Services industry to scale easily while maintaining high performance and focusing on their core business objectives. Our Solutions competently support transition from legacy platforms to innovative and dynamic cloud-based solutions and platforms which allow organisations develop new products and applications , enhance existing applications and ultimately improve their customers’ experience.”

Ololade Shonubi, DGM Marketing and Customer Experience

MainOne continues to invest significantly in bringing the benefits of digital transformation across West Africa. With the influx of private capital coupled with a huge working population, the continent is increasingly empowered to drive growth and development.

“In order to take advantage of the opportunities available that will enable banks reach the unserved population, and also withstand the onslaught of Fintech companies, banks need to maximize their operational efficiencies and extend their reach with solutions that foster revenue growth without the burden of increased capital expenditure.”

Ololade Shonubi, DGM Marketing and Customer Experience

MainOne works with the world’s biggest financial services companies to bring a unique suite of capabilities focused on automating and streamlining processes to serve the financial sector.

Follow us on LinkedIn

Newsletter signup

Sign up for our weekly newsletter and get the latest industry insights right in your inbox!

Please wait...

Thank you for sign up!