Pan-African financial services group Ecobank and cloud computing services company Google Cloud have announced what they call a groundbreaking collaboration aimed at transforming financial services with advanced analytics and AI and driving digital empowerment across Africa.
Through this collaboration, the partners say, Ecobank plans to leverage Google Cloud's technology to deliver innovative payment and remittance solutions that are frictionless, secure and universally accessible, empowering individuals and businesses across the continent and beyond.
This collaboration will focus on leveraging Google Cloud’s advanced technologies and AI to enhance Ecobank's digital offerings.
Among its aims, the collaboration will strive to simplify and streamline money transfers, both domestically and across borders, supported by Google Cloud’s scalable infrastructure and advanced API solutions, aiming to make financial transactions faster, more affordable, and more accessible for more people.
In addition, by leveraging Google Cloud's capabilities, including its data analytics platform BigQuery, for AI-driven insights, Ecobank will aim to develop solutions that improve access to finance for SMEs, simplify payment acceptance, and provide valuable data-driven insights to help businesses scale across more than 33 countries in Africa.
The collaboration will also explore the creation of more intuitive and user-friendly digital banking platforms and will attempt to better understand and anticipate customer needs.
Google Cloud says its Professional Services team will aim to provide ongoing expert support to Ecobank, ensuring the effective implementation of technology and the successful realisation of the collaboration's transformative goals over the coming years.
