Ethio Telecom Launches Cloud-Based Core Banking for Ethiopia’s Microfinance Sector
- Ethio Telecom held a workshop with microfinance institutions and SACCOs to introduce a cloud-powered core banking solution.
- The training included a demonstration of the new solution's capabilities to boost operational productivity and improve service delivery.
- The system is designed to support the digitization of microfinance and cooperative institutions.
The introduction of a cloud-powered core banking solution by Ethio Telecom is a significant step towards modernizing the financial landscape in Ethiopia. This initiative not only enhances operational efficiency for microfinance institutions but also aligns with broader national strategies aimed at digital transformation. Continued investment in such technologies will be crucial for fostering financial inclusion and economic growth.
