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Ethio Telecom introduces cloud-based core banking solution to simplify business operations

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Home Tech News Africa Tech News

Ethio Telecom introduces cloud-based core banking solution to simplify business operations

Oluwatosin Adeyemi by Oluwatosin Adeyemi
February 28, 2025
in Africa Tech News
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Ethio Telecom introduces cloud-based core banking solution to simplify business operations
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On Wednesday, Ethio Telecom announced the state-of-the-art cloud-based core banking system, which will transform how financial institutions run their businesses.

The company has effectively put in place a core banking solution that gives savings and credit cooperatives and microfinance organisations access to cutting-edge digital financial technology.

By simplifying operations, enhancing customer satisfaction, and expanding service accessibility via a secure cloud, the technology helps financial institutions lower infrastructure expenses.

“Our company will continue to strengthen its support for financial institutions to better serve their customers and become active participants in the financial inclusion of our country by providing reliable core banking solutions,” said Ethio Telecom.

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Read also: Telecom, financial services lead as Nigeria’s GDP growth rate hits 3.84% in Q4 2024

Beyond connectivity 

Beyond only providing connectivity, the company offers extensive digital solutions that promote both economic expansion and significant societal change.

Being at the forefront of Ethiopia’s digital revolution, it is promoting financial inclusion and quickening the nation’s transition to a completely digital economy. It modernise operations, increase overall efficiency, and provide businesses with exceptional digital experiences by utilising cutting-edge technology.

Ethio’s Telecom enterprise solutions

The company has introduced seven enterprise solutions, all of which are fuelled by its strong cloud infrastructure.

These solutions are made to improve customer service and expedite institutional procedures, setting businesses up for long-term success in the digital age.

It’s most recent products include:

Digital Livestock Monitoring: Improving Traceability and Agricultural Efficiency

Tele Push-to-Talk/Video (PTT/V): Facilitating secure and easy communication

Core Banking Solution: Using cloud-based core banking to transform financial services.

Education Management System: Improving Administration and Learning Environments

One-Office Productivity and Collaboration Solution: Increasing team productivity and connectedness

Read also: Telecom, financial services lead as Nigeria’s GDP growth rate hits 3.84% in Q4 2024

Tele Contact Centre: Improving customer service and interaction

ERP Solutions: Using integrated enterprise resource planning to empower companies.

Through a dependable connection, these cloud-based solutions give businesses scalable access to servers, databases, software, networks, and safe data storage.

Businesses may concentrate on their core functions, encourage innovation, boost competitiveness, and increase productivity by doing away with the requirement for on-premises infrastructure.

Tags: Ethio Telecom
Oluwatosin Adeyemi

Oluwatosin Adeyemi

Oluwatosin Adeyemi is a seasoned writer with 5+ years of experience. He holds a degree in Animal Science from Olabisi Onabanjo University. A hardworking and creative individual with a passion for teamwork and self-improvement.

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