INDUSTRY WATCH: BANKING AND FINANCE
regards to the collection and location of
user data – an area in which Dimension
Data’s ability to guarantee FCG of data
sovereignty is particularly important. means a company can find itself in the
position of trying to comply with federal
and state privacy laws that regulate the
same types of data or activity.”
As Osoro explains: “We deal with
multiple financial regulators and
we have to strictly adhere to their
guidelines. Our primary market is the
US and the number of state-level laws
that regulate the collection and use
of personal data grows every year.
Some federal privacy laws pre-empt
state privacy laws on the same topic.
Conversely, there are many federal
privacy laws that do not do so, which SawaPay expansion
After its first eight months of operation,
FCG had more than 10,000 users in
its United States/Kenya corridor. The
company has plans to expand into to
the larger sub-Sahara Africa region,
Osoro explains that Dimension Data
will play a key part in actualising their
growth strategy: “The main reason
being the ease at which their services
can be scaled at a click of a button and
their 24/7 support services.”
Increasingly, FCG’s clients are making
fuller use of SAWAPay’s payment services
to pay directly from the US their families’
utilities, mortgages and tuition fees. This
is creating rapid growth for FCG.
“By using the cloud in innovative ways,
FCG is reshaping the financial services
landscape in Africa, increasing foreign
exchange flows into the continent
and, thereby, building economies and
improving the quality of life for ordinary
people,” Eric Mwirigi concludes. n
“We take our user’s data
security seriously so we have
implemented various security
solutions within our mobile
app and the complementing
infrastructure that the
application runs on.”
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