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Govt champions digital transformation with Next Gen Infraco Minister for Communication, Digital Technology, and Innovations, Mr Samuel Nartey George, has reaffirmed the government’s commitment to supporting the development of robust and resilient digital infrastructure. He said this when a delegation from Next Gen Infraco (NGIC) led by CEO Tenu Awoonor visited him on Tuesday in Accra. The meeting emphasized NGIC’s pivotal role in accelerating Ghana’s ambitious digitisation agenda, leveraging its innovative open-access infrastructure model. The Minister urged NGIC to fast-track the commencement of commercial operations, emphasising the need for the intended benefits of their innovative model to be realised as soon as possible. The NGIC team commended the Minister on the nation’s significant strides in digital transformation, acknowledging the government’s visionary leadership in fostering a digitally inclusive society. NGIC is focused on delivering an open, wholesale 4G network and an exclusive 5G backbone, enabling affordable, high-speed internet for telcos, ISPs and enterprises. NGIC is a digital infrastructure company building Ghana’s first open-access, wholesale fibre and wireless national network, deploying 4G and exclusive 5G technologies to drive connectivity and innovation.

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Oilfield Frac Hose Market Oilfield Frac Hose Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 2.5 Billion by 2033, growing at a CAGR of 9.5% from 2026 to 2033. Oilfield Frac Hose Market Future Scope The global Oilfield Frac Hose Market was valued at approximately USD 3.5 billion in 2022. The market is expected to witness a compound annual growth rate (CAGR) of around 6.5% from 2023 to 2030. The increasing demand for energy, particularly from unconventional oil and gas resources, is a key driver for the market’s growth. The market’s expansion is fueled by the rise in hydraulic fracturing (fracking) activities, which require high-performance hoses that can withstand high-pressure and challenging environments. The increasing exploration activities in shale oil and gas fields are contributing significantly to the demand for oilfield frac hoses. As the energy sector focuses on improving operational efficiency and reducing costs, the need for advanced and durable frac hoses will continue to rise, further propelling market growth during the forecast period. The future scope of the Oilfield Frac Hose Market looks promising, with the market expected to expand rapidly in the coming years. By 2030, the market […]

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Pfizer Global Supply (PGS) produces over 23 billion doses of medicine annually across its network of 42 global sites. Expand Franklin – April 21, 2024: Pfizer site manufacturing heparin active pharmaceutical ingredient. Pfizer is a pharmaceutical biotechnology corporation. In 2016, the division embarked on a journey to optimise operations and support Pfizer’s overarching purpose of “breakthroughs that change patients’ lives.” The goal was to revolutionise the company’s manufacturing operations, leveraging data-driven insights to drive world-class performance. This initiative began with the leadership of the president of PGS. PGS’ network of facilities, stemming from more than 30 legacy pharmaceutical companies, relied on a wide range of systems and datasets, each with unique standards and protocols. As a result, obtaining actionable insights across the network was difficult, and modernising operations at the operational technologies (OT) level required a multi-year effort. A blank-slate approach to digital transformation In crafting its digital transformation strategy, PGS took a step back to thoroughly assess both its internal business challenges and the broader technological landscape within the pharmaceutical industry. Mike Tomasco, vice president of digital manufacturing at Pfizer, said: “We said, OK, if we could take a blank slate and start over, what would this look […]

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Photo Credit: Pixabay Deloitte Touche Tohmatsu India LLP (Deloitte India) has joined hands with technology company Zoho to accelerate digital transformation for mid-market and enterprise firms in India. The collaboration aims to address challenges related to outdated systems and prolonged digital adoption cycles that slow down innovation and growth by offering tailored solutions that enhance efficiency and drive business expansion. By combining Deloitte India’s industry expertise with Zoho’s cloud-based applications, the alliance seeks to simplify operations and improve productivity for enterprises across various sectors, including healthcare, non-banking financial companies (NBFCs), and eCommerce. Zoho’s suite of over 55 interconnected applications will play a key role in this partnership. These include its finance and operations tools for accounting, payroll, and inventory management, along with customer experience solutions for marketing, sales, and customer service. Additionally, Zoho Analytics will provide business intelligence capabilities, while Zoho Creator will offer low-code solutions for custom software development and integration. Vinay Prabhakar, Deloitte South Asia Sales and Alliance Leader, said that as businesses continue to adapt to an increasingly digital landscape, they require scalable and future-ready solutions. He added that this partnership aims to help enterprises modernise operations, improve efficiency, and build long-term resilience by integrating Deloitte’s […]

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Opinions expressed by Entrepreneur contributors are their own. You’re reading Entrepreneur India, an international franchise of Entrepreneur Media. L-R: Rathish Rao; Alok Kumar; Pradeep Kumar; Shrabona Ghosh Digital transformation is no longer a choice, it’s an imperative. Across industries, companies are harnessing technology to streamline operations as well as enhance customer experiences and drive innovation at a rapid scale. Organizations that successfully navigate this shift stand to gain enhanced customer engagement, operational efficiency, and long-term sustainability. Pradeep Kumar, vice president of strategy at Broadridge, emphasises that digital transformation is an ongoing process rather than a one-time initiative. "For us, digital transformation means pushing the envelope day in, day out. There is nothing like ‘done’ for us. It’s an ongoing journey," he stated, underscoring the necessity for businesses to evolve continuously. Alok Kumar, vice president of information technology at Tata Teleservices Ltd framed digital transformation within four critical pillars: understanding the customer, improving efficiency, reducing time-to-market, and leveraging data for decision-making. "If we want to remain relevant in the market, we have to solve problems within days or weeks, not months or years," he asserted. Rathish Rao, asia industry process consulting director at Dassault Systèmes, introduced the concept of virtualization […]

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AWS logo Mitsubishi UFJ Financial Group (MUFG), Japan’s largest financial services firm, has tapped Amazon Web Services ( AWS ) to accelerate its digital transformation. MUFG taps AWS for digital transformation As part of a multi-year agreement, MUFG will leverage AWS’ cloud technologies to adopt generative artificial intelligence (AI) and machine learning capabilities, automate processes and offer personalised financial services to meet customer needs. By moving to the cloud, AWS claims that MUFG has been able to reduce IT operational costs by 20% and increased its speed to market, with the ability to provide customers with more secure services and accurate insights. MUFG is also leverage cloud technology to improve operational efficiencies and enhance employee engagement and performance. “Our cloud-first approach with AWS has given us the agility to rapidly innovate on behalf of our customers, reach the business velocity that we couldn’t achieve on premises, and accelerate the way we bring secure, industry-leading solutions to market at reduced cost,” says Toshiki Ochi, managing corporate executive and group chief information officer at MUFG.

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Ghana International Bank selects Backbase to drive digital transformation Ghana International Bank (GHIB) has partnered with Dutch tech provider Backbase as it looks to modernise its digital banking operations. GHIB will implement Backbase’s Engagement Banking Platform Backbase will act as the core strategic partner for GHIB’s planned “digital transformation”. Originally founded in 1959 as a branch of Ghana Commercial Bank, GHIB is headquartered in London with representative offices in Accra and Nairobi. It will implement Backbase’s Engagement Banking Platform, which will be rolled out to its corporate clients first before being extended to retail customers. The Dutch fintech claims the platform is currently being used by “over 120 large financials around the world”, including AIB, Barclays and BNP Paribas. Anas Bourani, CTO at GHIB, says: “Now more than ever, banks need to respond to exaggerated customer expectations. “Today’s environment emphasises how important it is to offer convenience and choice to adapt to changing behaviour.” The partnership highlights a growing shift towards digital banking and payments across Africa, with customers looking for easier and more efficient financial solutions. Earlier this month, communications company Telkom launched Africa’s first virtual card for transacting on WhatsApp , while Nigerian fintech Appzone landed $10 […]

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Sponsored by Mambu At the Money20/20 USA 2024 conference in Las Vegas, FinTech Futures sat down with Anshul Verma, Senior Strategic Partnerships Manager at Mambu , and Manpreet Singh, Managing Director at Deloitte, to discuss how financial institutions can accelerate their digital transformation efforts with new fintech innovations. Watch the video above to learn more about: The key trends driving digital transformation globally – changing customer demands and new banking regulations. A composable ecosystem approach to modernising your tech stack and future-proofing your business. The need for collaboration between fintechs and FIs and how Mambu is working with Deloitte to develop innovative new products and services. If you’re interested to learn more about composable banking, senior leaders from Mambu and Deloitte have written a series of articles dispelling the most common myths around the topic and answering the industry’s most frequently asked questions. Click here to find out more.

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Sopra Banking Software logo KCB Bank Kenya, the largest commercial bank in the country, has partnered with fintech Sopra Banking Software to drive its digital banking transformation. Sopra Banking Software has been tasked with designing, building and supporting the bank’s savings and lending products portfolio through its platform KCB Vooma. Since 2020, the bank and the fintech service provider have, in partnership, been building products on KCB Vooma and have rolled out savings and loan offerings to customers, as well as migrated KCB M-Pesa and KCB mobile loan products to Sopra’s platform. KCB bank claims to have disbursed 40 million loans worth $3 billion to 11 million customers, in a period spanning October 2018 to December 2022. “Through this partnership, the bank has been able to offer differentiated value propositions covering payments, savings and lending on digital channels, delivering a seamless banking experience to customers,” says Paul Russo, CEO of KCB Group. Eric Bierry, CEO of Sopra Banking Software, says the engagement with KCB Bank provided the firm with “great insights into the fact that there is a greater appetite for wider utilisation of mobile financial services to enhance financial inclusion among marginalised and underbanked communities”. Read more about: […]

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Maybank Islamic – FinTech News Malaysia’s Maybank Islamic Bhd, the Islamic banking arm of the Maybank Group, has selected Audax Financial Technology, a Banking-as-a-Service (BaaS) fintech launched by Standard Chartered Ventures in 2023 , to power the digital transformation of its banking services. The bank will use Audax’s BaaS platform to deliver a suite of new sharia-compliant digital products hosted on Amazon Web Services ‘ (AWS) cloud infrastructure. These products will provide customers with “paperless, real-time onboarding, efficient account management, and instant access to digital banking services”, Audax says. As well as onboarding and account management, Audax’s offering also supports solutions for card issuance, payments, lending, servicing, and rewards and pricing. Maybank Group outlined its M25+ strategy in 2022, which prioritises “intensifying customer centricity, accelerating digitalisation and technological modernisation”. As the group’s Islamic banking subsidiary, Maybank Islamic currently offers retail, business and corporate banking and wealth management services across the Asia Pacific region, and is one of the largest Islamic banks in the world in terms of assets. The subsidiary notably partnered with Telekom Malaysia Bhd (TM) in February last year to deliver Malaysia’s first Islamic BaaS solution powered by 5G.

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