Have you ever wondered what it means to have easy access to financial services and why it’s so important? Financial inclusion answers this question. It means making financial services available to everyone, especially those in underserved or remote areas. In Africa, financial inclusion is changing lives and revolutionizing service delivery. But how did this journey […]
In Africa, where banking infrastructure is still developing, financial institutions struggle with limited access to banking services in remote areas, inefficient paper-based processes, and the prevalence of cash transactions, leading to issues like fraud and financial exclusion. Across the Middle East, banks face unique challenges such as compliance with Shariah principles in Islamic finance, geopolitical
Think about your local bank. Have you ever thought for them to be able to coordinate all those procedures and clients what goes on behind those walls? For an entity that handles very sensitive issues how are they able to ensure everything runs smoothly and accordingly? That is what a core banking system does. It’s
