RedCloud provides banks with the digital financial infrastructure with which they can reach new markets.
Launching new financial products via digital platforms has been a long and costly process for most financial organisations worldwide, meaning their services have been limited, especially in emerging markets. RedCloud is changing this by revolutionising the way in which financial services are delivered in the digital age, making them instantly accessible for all. The technology enables banks to deliver a full range of financial services to anyone, anywhere, through the use of an interoperable, open-ended, white-label digital financial platform. It complies with standard banking Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, gives detailed reporting functionality, and provides consumers access to services that banks have previously been unable to offer. Founded by the team behind M-Pesa, RedCloud enables banks to: • Offer financial services to anyone worldwide with a digital device. • Examine in granular detail any transactions that are processed using the RedCloud platform, allowing them to identify and report any fraud and money laundering activity. • Analyse the way that consumers use their services, providing intelligence into which of their services they may need to evolve or discontinue.