The Africa Saccotech Forum
Discover emerging trends in cloud computing and cybersecurity
Savings and Credit Cooperative Organisations (SACCOs) are an essential part of the financial inclusion landscape in Africa. They serve a large segment of the population that is underserved by banks and other financial institutions, providing an alternative source of credit. Yet these organisations face many challenges - particularly in terms of cash flow management and liquidity management - this can lead to operational inefficiencies, higher costs, and overall poor service quality for members. In order to meet these needs, microfinance institutions have started adopting new technologies such as digital wallets or biometric authentication systems in order to provide their members with more convenient ways to access funds when needed.
As the volume of transactions grows and more customers demand a wider variety of features, SACCOs will be increasingly driven to improve their digital offerings. Mobile banking is one area where many SACCOs have already made progress, but there are still opportunities to improve their offerings.
To improve operational efficiencies, SACCOs have started experimenting with new technologies such as AI-driven chatbots and blockchain technology which includes cryptocurrencies), big data and analytics, moving their workload into the cloud, and of course protecting their digital assets against cyber threat actors. With all sectors building digital transformation strategies, so to is the SACCO sector. This is the right time to engage and help the sector navigate this new trend.
The Forum will explore and discuss several emergingcomputing and cybersecurity including edge computing, serverless cloud, artificial intelligence (AI) in the cloud and how to secure the multi-cloud, modernisation of web application security, organisation-wide cloud security posture management and AI for cloud security intelligence.