Business

SPONSORED: Huawei Cloud delivers new capabilities to fintech

As organisations begin to dedicate increasing amounts of their budget to the cloud, it becomes more important than ever to clearly understand the impact the cloud has on the nascent fintech sector.

15 June 2022

Clinton Scott, VP, Financial Services (Huawei Cloud, Southern Africa)

For one, a 23.8% annual growth rate indicates that fintech is taking advantage of the agility and innovation that cloud brings. Modern self-service applications are now at the forefront of service delivery to consumers, following the urgent requirement for such solutions during the pandemic restrictions. Two years later, cloud based self-service applications can now propel companies to deliver this technology at a significantly faster rate.

According to Clinton Scott, VP, Financial Services for Huawei Cloud, Southern Africa, artificial intelligence (AI) continues to grow in popularity, thanks to its ability to work with unstructured data.

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