RedCloud to outline benefits of cloud technology at microcredit summit in Abu Dhabi

March 2016

RedCloud is attending the 18th Microcredit Summit in Abu Dhabi, in the UAE, from 14 to 17 March. We will deliver a presentation discussing the organisational and end-user benefits of leveraging cloud technology. The Microcredit Summit brings together microfinance practitioners and associated stakeholders and highlights the benefit of delivering financial services to consumers and businesses. Such developments lead to well-understood social gains, as well as financial empowerment.

This year’s summit is organised by the Khalifa Fund for Enterprise Development, the Arab Gulf Programme for Development (AGFUND), and the Microcredit Summit Campaign. Discussions at the event will focus specifically on ways to reach communities which historically have been financially underserved, as well as to outline the commercial and social opportunity for microfinance providers.

The 18th summit will also cover potential financial strategies to promote inclusive, sustainable economic growth and social empowerment.

In our presentation titled, “Cloud technologies for serving financial inclusion” we will explain the benefits of cloud technology and how it is no longer the sole remit of large businesses but now also smaller microfinance institutions and their customers. The opportunity for the cloud to offer a platform for safe, secure and

RedCloud is looking forward to the event and is eager to lead discussions and share knowledge with other attendees, which includes Nobel Peace Prize laureate Professor Mohammad Yunus – renowned for his seminal work on microcredit.