Standard Bank and Microsoft announce a strategic partnership to accelerate the digital transformation of Africa’s largest financial institution and further drive the continent’s growth. The Bank’s growing investment in the Microsoft Cloud will enable the innovation, efficiencies, and resilience required to respond to market dynamics and customer needs.
This partnership builds on the 30-year relationship between the two companies and involves migrating workloads, applications, and platforms to Microsoft Azure to drive organisational efficiencies, as well as workforce collaboration with Azure, PowerApps, Workplace Analytics and Microsoft Teams.
“Investing in the cloud will allow Standard Bank to achieve its strategy to transform from a traditional financial services company into a digital platform company, providing financial services, plus ancillary and associated services. We have adopted a cloud-first strategy, underpinned by end-to-end security and data-driven insights that will enable transformation with tangible results,” says Standard Bank Group Chief Executive, Sim Tshabalala.
“Standard Bank’s cloud-first strategy underlines the growing momentum in financial services to deliver differentiated experiences that today’s customers expect,” said Judson Althoff, Microsoft’s executive vice president of Worldwide Commercial Business. “As a long-standing technology partner, we are pleased to collaborate with Standard Bank in realizing this strategy and in becoming Africa’s future-first financial services firm through digital skilling-focused initiatives that will expand economic opportunity for young people across Africa.”
As part of the partnership, the companies will also:
Establish the African Digital Foundry (The Foundry), a strategic alliance, for Standard Bank and Microsoft to collaborate to co-create unique solutions through new technology to meet the financial needs of Africa’s consumers. Through the Foundry, the companies aspire to reach 100 million customers in Africa over the next five years.
Bring together their resources and know-how to provide youth with the relevant digital skills needed to secure future-ready jobs and equip Small and Medium Enterprises (SMEs) with digital skills and capabilities so that they can take advantage of the growing shift to digital technologies.
The African Digital Foundry (The Foundry)
Standard Bank and Microsoft, through the Foundry, will co-create and execute joint go-to-market digital services related to trade, payment, and risk-based (lending and insurance) solutions. They will also develop ecosystems enabling digital trading to facilitate Africa’s growth.
“The Foundry is a digital initiative established in Africa, for Africans, to address the unique challenges the continent faces with customised innovations, services and solutions,” says Tshabalala. “The partnership will further enhance and create ongoing collaboration between our firms around co-engineering solutions for African consumers’ unique needs.”
Skills and Small Medium Enterprise (SME) Development
Harnessing the power and reach of both organisations, the partnership will also drive digital skills development, boost youth employment, and accelerate the growth of SMEs on the African continent.
Both organisations believe that digital transformation represents an opportunity for the continent to leap ahead, taking a leading role in enabling economic and societal growth in Africa.
Microsoft and Standard Bank will leverage their combined research, industry, partner and start-up programmes to impact the continent – where similar opportunities and challenges exist – using technology such as mixed reality and artificial intelligence.
“Continuing to build on the partnership is part of the ongoing journey that Standard Bank and Microsoft are on to invest in digital transformation as the enabler of meaningful and tangible innovation. Our journey is underpinned by collaborative efforts to develop, scale and roll-out digital solutions that will deliver personalised services to 100 million Africans and by meeting their unique and evolving needs and demands,” says Tshabalala.
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Check out other stories making the news in the technology ecosystem in Africa and the Middle East.
Microsoft is announcing it has helped over 30 million people in 249 countries and territories acquire digital skills. Out of this, over one million learners across Africa participated in the Microsoft Global Skills program.
The global skills initiative offers free online courses across Microsoft, LinkedIn, and GitHub learning platforms. It seeks to help people, mostly those affected by the pandemic gain in-demand skills to be employable.
Across the Middle East and Africa region, 2.1 million learners have participated in the program. With software development, customer service, project manager and data analysis being the popular learning paths among learners.
The top 10 countries with learners across Africa are South Africa, Nigeria, Egypt, Morocco, Kenya, Tunisia, Algeria, Ghana, Senegal and the Democratic Republic of Congo.
Comoros, Sao tome and Principe, Eritrea, Guinea-Bissau, Equatorial Guinea, Seychelles and the Central African Republic are countries with less than 500 learners.
To get more Africans to acquire digital skills, Microsoft is also partnering with organizations and governments. Offering additional funding and services to make this possible where this is necessary.
Microsoft is extending the free LinkedIn Learning and Microsoft Learn courses and low-cost certifications that align to 10 of the most in-demand jobs offer through 2021.
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Check out other stories making the news in the technology ecosystem in Africa and the Middle East.
Surface Book 3 is now officially available in South Africa and will retail at R37,999 for the least configuration. The highest configuration of 32GB RAM and 512GB SSD storage retails at R52,999. Consumers will be able to buy the device from Microsoft Surface authorized partner Incredible Connection stores.
The device comes in 13 and 15-inch display sizes with up to 512GB storage. It is powered by a 10th generation Intel quad-core processor and dedicated NVIDIA GeForce graphics. What Microsoft did with the device is to maintain the outlook of the Surface Book 2 but upgrade every internal aspect with the latest tech.
Watch the video below and check out the design and make of the Surface Book 3.
Microsoft announced the Book 3 in May 2020 and they went on sale in other markets in June. They also became available in the United Arab Emirates market in September 2020. So for the South African market, they are arriving almost a year later.
Interestingly, the devices are currently out of stock on the Incredible Connection online store with no details on when to expect new stock.
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The initiative will will focus on training women and girls in software development, product design, product management, data science and AI engineering, and cybersecurity.
The Women Techsters initiative is opened to girls and women aged 16 to 40 years in the 54 African Countries. However, the program is launching in Nigeria, Ghana, Kenya, Egypt and South Africa. With plans to scale the initiative to girls and women in more African countries later.
The training will be delivered through a series of simultaneous activities such as; bootcamps, open days, masterclasses and fellowships.
Microsoft says the program has been developed in such a way that participants will not only learn and develop deep technical skills. But they can fill knowledge gaps, learn coding skills and jumpstart their careers.
Prior to the launch, Microsoft piloted the initiative with Tech4dev in Nigeria called the Nigeria Women Techsters. Fatima Ahmed a participant in the Tech4Dev Nigerian Women Techsters program says; I thought I was just coming to learn new skills and go back to apply for jobs. But during the training, I started getting job opportunities. Today, I work as a technical support engineer at Tek Experts, where I provide cloud-based solutions. I am glad I took a bold step to come for the Nigerian Women Techsters training.Read more about her experience and what to expect here.
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Amazon, Software engineer and Teaching have emerged as the top trending employer, job and skill respectively in South Africa.
This is according to data from Microsoft’s LinkedIn Economic Graph. Which Microsoft believes can help policymakers make informed decisions and chart new paths to economic opportunity.
Multinational technology company Amazon, Webhelp, OUTsurance, Old Mutual and the University of Cape Town make the top five in the top trending employer’s category.
In the top trending jobs category, software engineer, project manager, attorney, financial advisor and sales executive make the top five.
The top trending skills across all industries in South Africa were teaching, financial accounting, financial reporting, project planning and sales management.
Microsoft uses global data of about seven hundred and twenty-two million LinkedIn members, fifty-five million companies and twenty-four million jobs to track workforce trends.
However, the data from the Microsoft LinkedIn economic graph doesn’t mention the specific number from which the South Africa insights were drawn.
The insights are taken from LinkedIn users in Cape Town and Johannesburg and from about ten industries. Such as legal, public administration, education, corporate services, real estate, finance and software and IT services.
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Three teams have emerged winners of the Microsoft South Africa safe@home hackathon. Winning a prize pool of eight thousand US Dollars.
Six teams made it to the final qualifying round of the hackathon competition. With three teams Combat against GBV, iWitness and Report Matters going on to win it. Coming in first, second and third places and winning $5000, $2000 and $1000 respectively.
Microsoft sponsored the Safe@home hackathon to discover technology-based solutions that can address gender-based violence. An issue that saw a dramatic rise during the mandatory quarantine period of covid-19 in South Africa.
Winning Team, Combat against GBV presented an educational and interactive solution made to educate women and children on GBV. Using services such as a Twitter bot, USSD, WhatsApp chatbot and Facebook messenger. The solution also informs people on how to take action, find and ask for help. Members of Team Combat against GBV include; Naomi Bisimwa, Christine Bisimwa, Carol Khose and Mosa Nkomo.
The winning solution will be developed into a full application to be owned and used by the campaign’s NGO partners 1000 Women and TEARS Foundation.
We have seen a wealth of creative and sustainable ideas from our developer teams who have grappled with the unique issues and challenges surrounding gender-based violence in South Africa, says Lillian Barnard, Managing Director of Microsoft South Africa. The winning solution would effectively be able to help South Africa’s most vulnerable and at-risk.
Watch the six finalist teams present their ideas at the finals.
