African banking undergoes modernization through partnership between SaaScada and CLOWD9, leveraging cloud-native solutions.
In a significant move to modernize African banking and promote financial inclusion, SaaScada and CLOWD9 have formed a strategic partnership. This collaboration, announced during the London Mayor’s Fintech Trade Mission to Africa 2025, aims to deliver cloud-native, cost-efficient banking and payments solutions tailored for the continent.
SaaScada, a leading cloud-native core banking platform, brings its data-centric core banking system to the table. This platform offers lightning-fast data processing, unparalleled reporting flexibility, and the innovative Product Sequencer. The Product Sequencer allows banks to manage multiple financial products and wallets under a single account, significantly cutting down product development times from months to weeks.
On the other hand, CLOWD9 offers a robust, cloud-native decentralized issuer payments processing platform. This complements SaaScada's offerings, enabling efficient, cloud-native payment processing. Together, they provide an end-to-end cloud technology stack that empowers African financial institutions to innovate at scale, lower costs, and accelerate service delivery.
The joint solution offers agility and scalability, enabling banks to reach new customers and markets more efficiently. SaaScada's unstructured real-time data allows banks and fintechs to develop, iterate, and launch customer-centric products quickly. This partnership is expected to empower African financial institutions with tools to innovate, reduce costs, and expand their reach, fostering greater financial inclusion across the continent.
The partnership will also facilitate the expansion of banking services into remote and underserved regions. By replacing expensive legacy banking systems with flexible, cloud-native platforms, operational costs are drastically reduced, speeding up innovation for banks and fintech companies. This enables faster launch of new financial products and services, including coverage expansion to underserved and remote regions, thus extending banking access across Africa.
The collaboration offers end-to-end cloud technology solutions. By providing African financial institutions with powerful cloud-native tools, they can reduce costs, reach new markets, and accelerate financial inclusion. The London Mayor’s Fintech Trade Mission to Africa 2025 promotes innovation, trade, and investment, supporting London-based companies expanding into African markets. The partnership signing showcases London as a leading global city for African business expansion.
Moreover, this partnership aims to strengthen economic, cultural, and innovation ties between London and key African cities like Lagos, Cape Town, and Nairobi. It is a testament to the growing interest in African fintech and the potential for collaboration between global tech leaders and African financial institutions.
In summary, the SaaScada-CLOWD9 partnership seeks to transform African banking infrastructure by enabling affordable, scalable digital banking and payments services. This partnership is expected to promote financial inclusion by bringing affordable, modern banking solutions to remote and underserved populations throughout Africa.
- The strategic partnership between SaaScada and CLOWD9, announced during the London Mayor’s Fintech Trade Mission to Africa 2025, aims to deliver cost-efficient, cloud-native banking and payments solutions tailored for the continent.
- SaaScada, a leading cloud-native core banking platform, brings its Product Sequencer to the table, allowing banks to manage multiple financial products and wallets under a single account, significantly cutting down product development times.
- CLOWD9 offers a robust, cloud-native decentralized issuer payments processing platform, complementing SaaScada's offerings, enabling efficient, cloud-native payment processing.
- By providing African financial institutions with powerful cloud-native tools, the partnership is expected to help reduce costs, reach new markets, and accelerate financial inclusion, fostering greater financial inclusion across the continent.
