FINAL WORD
Cloud in Africa
More recently , cloud technology has created a whole new realm of possibilities for fintech companies looking to accelerate financial inclusion , helping them scale their operations , create operational efficiencies and spin up new innovations overnight .
African payment giant , Flutterwave , is a case in point , having recently shifted its legacy infrastructure to Microsoft Azure with a view to expanding its operations and processing high volume payments at scale . As one of the continent ’ s safest and most reliable payment companies , Flutterwave has been at the forefront of Africa ’ s payment revolution .
Its multiple payment modes , including local and international cards , mobile wallets and bank transfers , continue to change the game for many African people and businesses on a daily basis .
Now , building on the progress enabled by the cloud , the world is undergoing a new wave of technological transformation , driven by AI . Suddenly , businesses do not need vast datasets or powerful computers to benefit from the technology , with most of the necessary compute power now available through cloud providers .
And as barriers to AI adoption have fallen away , so new tools are giving rise to substantive productivity gains and revolutionising industries such as fintech .
Early AI success stories
While AI is providing champions of financial inclusion like Flutterwave with the tools they need to expand their reach , it is also helping to fast-track access to financial services , in a vast number of different ways .
Much the same way as mobile payments disrupted status quo , AI has the potential to propel the fintech industry into a new era of financial inclusion .
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