AI Reinventing Banks and Banking

The evolution of financial systems has been a long but interesting journey characterised by sudden changes in underlying technology. Retail banking in Africa is far from where it should have been never followed the natural progression any ways. Artificial intelligence is here to reinvent the whole game of banking and transform this hundreds of years old business into new innovative, scalable, dynamic, micro service environment and efficient to the level where its incomparable. We're only at the beginning of this new age of computing which holds the potential to transform the entire working of a bank Financial payments and banking started in a very inefficient and traditional way which was slow but still acceptable to the customers due to the stage in the information age. There are lucrative but under-utilised banking opportunities in Africa and banks in the region need to step up and grasp these opportunities to succeed.