NEWS
Cutting-edge
platform
launched to
boost telecom
regulatory in
Ghana
Temenos establishes South
African “Bank of the Future”
Think Tank
Temenos has
launched its South
African ‘Bank of the
Future’ Think Tank
G
lobal Voice Group (GVG) has announced
that a Common Platform (CP), using
its state-of-the-art technologies, has been
officially launched by Nana Akufo-Addo,
President of Ghana.
Delivered by Ghana-based firm Kelni-GVG,
with the technical assistance of GVG, the
mCP will be jointly used by the Ghana
Revenue Authority (GRA) and the National
Communications Authority (NCA) to support
and optimise their respective activities
with respect to telecom and mobile money
oversight and taxation.
In his inaugural speech to the launch,
President Akufo-Addo presented the CP
as ‘an essential building block for the
realisation of the government’s vision of a
digitised Ghana.’
For GVG’s CEO, James Claude, this perfectly
defines the very nature of the project.
“The Common Platform is indeed all about
digitisation,” he said.
“It aims at replacing the old paper-based
ways of doing things by cutting-edge
technologies of the digital age that can really
increase efficiency and enforce transparency
in important sectors of the economy such as
telecoms and digital financial services.”
The telecom and mobile money markets
of Ghana have a lot in common with those
of other countries where GVG successfully
implemented similar platforms over the last
few years, such as Tanzania, Uganda and
Rwanda. They are characterised by an overall
lack of transparency, high vulnerabilities to
important risks such as revenue leakages, tax
erosion, unfair competition from Internet-
based OTTs and proliferation of international
grey telephony. The CP is expected to have
an immediate and lasting positive impact in
all these regards.
8
INTELLIGENTCIO
B
anking software company Temenos
has announced the launch of its South
African ‘Bank of the Future’ think tank.
The venture aims to address domestic
and global challenges and opportunities
facing financial institutions in the country.
Over 60 experts from 30 banks and
financial institutions are expected to
take part in the initiative over the coming
year, promoting knowledge creation and
sharing as well as actively responding to
the complex opportunities and challenges
of today’s banking environment.
Jean-Paul Mergeai, Managing Director
Middle East and Africa at Temenos,
said: “An important part of what we
do at Temenos is to create and foster
a community within the banking and
fintech ecosystem. Our clients, partners
and our MarketPlace technology
providers form the most dynamic banking
technology community.
“Our industry is facing structural
changes right now in terms of customer
expectations, regulatory requirements
and new entrants, as well as a genuine
technological revolution. Through this
think-tank, we are creating a forum where
leading bankers from South Africa can
come together to share knowledge and
address the challenges and opportunities
they face on a day-to-day basis. With
some of the world’s most innovative
and technologically advanced financial
institutions coming from South Africa, this
seemed like the perfect country to lead
this conversation on what the Bank of the
Future will look like.”
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