Beyond Call Centers: How South Africa’s Financial Outsourcing Boom is Reshaping Lives and Economy
The Unlikely Economic Powerhouse While South Africa has traditionally been known for its mineral wealth and tourism, a quiet revolution…
Tag: Financial services
Insider Threats: The Silent Crisis Reshaping South Africa’s Financial Security Landscape
The Hidden Vulnerability in Financial Institutions While external cyberattacks dominate headlines, a more insidious threat is quietly eroding the security…
IBM Quantum System Two Launch Marks Europe’s Quantum Computing Breakthrough
IBM’s deployment of Europe’s most advanced quantum computer in Spain represents a pivotal moment for the continent’s technological future. The Quantum System Two launch accelerates Europe’s position in the emerging $850 billion quantum computing market. This strategic move supports the European Commission’s goal of global quantum leadership by 2030.
Europe’s quantum computing future arrives this month as IBM launches the continent’s first Quantum System Two at the IBM-Euskadi Quantum Computational Center in San Sebastian, Spain. This deployment represents Europe’s most significant step yet toward quantum leadership, arriving as the global quantum computing market approaches an estimated $850 billion value by 2040 according to industry analysis. The timing coincides perfectly with UNESCO’s designation of 2025 as the International Year of Quantum Science and Technology, creating unprecedented momentum for European technological advancement.
Europe’s Quantum Computing Strategy Takes Shape
Telcos Transform Into Banks For Next Two Billion Customers
Telecommunications companies across Africa and Latin America are leveraging their infrastructure to provide banking services to underserved populations. With 1.4 billion adults remaining unbanked globally, telcos are positioned to become the financial institutions of the future through mobile money platforms and digital payment systems.
Telecommunications companies are rapidly transforming into banking institutions for the next two billion customers, leveraging their existing infrastructure to provide financial services to underserved populations across developing regions. This strategic pivot addresses both the massive customer churn facing telephone companies and the critical gap in financial inclusion that traditional banks have failed to fill. According to industry analysis, telcos in Africa and Latin America spend $15-21 billion annually on customer retention while still losing up to 67% of their customers each year, creating an urgent need for service diversification that increases customer loyalty and revenue streams.