Rethinking banking and microfinance

Cloud-Based Banking Enters Kenya

Adopting the cloud-based model demonstrates the viability of performing credit and lending in the cloud without an on-premise system – a trend likely to become commonplace among banks and other financial services providers

Congratulations are in order to Temenos for rolling out their first cloud-based implementation in Kenya. Kenya has recently been at the forefront of technology in Africa so it is of little surprise that the cloud is being rapidly adopted in the region. Fountain Credit Services, like the dozens of Mambu customers currently operating in the cloud in throughout Africa, is realizing the benefits of lowering their costs, focusing on their business and leveraging the latest in technology to improve their services as part of “trend likely to become commonplace among banks and other financial services providers in the region.”