First Bank
of Nigeria Limited, Nigeria’s leading financial inclusion services provider,
has announced that the 2021 edition of its annual FINTECH Summit is scheduled
to hold on Thursday, 7 October 2021 by 10:00 am. The virtual event is opened to
everyone, but participants are required to register via the link https://firstbanknigeria.zoom.us/webinar/register/WN_NmkYfeckQqu4vjTWy5lr5w
The 2021 edition of the summit which is the fifth in its series is themed; “Open Banking and its Derivative Opportunities for the Financial Ecosystem” and will be discussed by experts, policy influencers, regulatory officials as well as key and leading players in the Nigerian financial, banking and technology climate.
Prof Ndubuisi Ekekwe, the Lead Faculty of Tekedia Institute with a PhD in engineering from John Hopkins University, USA, will be leading the discussion as the Keynote speaker alongside other panelists; Ankit Sharma, Director at Strategy&, a part of the PwC network, based out of Mexico; Ope Adeoye, CEO (Chief Plumber) at One Pipe; Aminu Maida, Executive Director, Technology & Operations at Nigeria Inter-Bank Settlement System Plc (NIBSS), Musa Jimoh, Deputy Director, Payment Systems, CBN and Olayinka Situ, Head, Corporate Transformation, FirstBank.
The need
for Open Banking in Nigeria cannot be overemphasized as the importance goes
beyond just convenience to its game-changing impact in transforming value
creation, product conceptualization and closing the financially excluded gap.
Through
standardized and accessible open API technologies, innovators and product
developers alike are now availed a wealth of big data and attendant insights,
with the potential to completely redefine standards for product
conceptualization, customer satisfaction and service delivery across Africa’s
largest economy. This is the focus of this year’s theme; exploring the depth
and range of these derivative opportunities set to be triggered by the
application of an Open Banking regime in the country.
Building up
conversations into the event, the Bank recently hosted several podcasts with
speakers sharing insightful tips that will impact an end–to–end growth of
financial technology in the country. The podcasts are enhanced with useful
nuggets as there is new and useful information for everyone.
Guests discussants in the podcasts include; Joshua Chibueze, Co-founder and Chief Marketing Officer of PiggyVest, a Nigerian FinTech company committed to giving everyone the power to better manage their growth and finances; David Peterside, Chief Operating Officer of Okra, a fintech company committed to empowering companies and developers to build products with seamless access to inclusive financial data and secure payments. The podcasts which are opened to everyone are available on the Bank’s official Instagram handle – firstbanknigeria.
Speaking on the event, the Chief Executive Officer of FirstBank, Dr Adesola Adeduntan said, “our annual FinTech Summit in the past four years has been a platform of leading conversations and practices that have impacted the financial technology and electronic banking eco-system which has been integral to bridging the gap and digital divide of modern banking in today’s global village. Participants at our summits have been enlightened on ways to optimally carry out their digital transactions and business activities in safe and seamless ways.
Financial services have continually evolved in Nigeria
and the world over and we intend as in previous years to use our FinTech summit
this year to discuss different views on Open Banking and its associated
opportunities with the goal of building on the successes achieved in the
past’’.
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