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’’.
.
First
Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the
leading financial inclusion services provider in Nigeria for over 127 years.
With
over 750 business locations and over 130,620
Banking Agents spread across 99% of the 774 Local Government Areas in Nigeria,
FirstBank provides a comprehensive range of retail and corporate financial
services to serve its over 30 million customers. The Bank has international
presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris,
FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and
Senegal, as well as a Representative Office in Beijing.
The
Bank has been handy at promoting digital payment in the country and has issued
over 10million cards, the first bank to achieve such a milestone in the
country. FirstBank’s cashless transaction drive extends to having more than
10million people on its USSD Quick Banking service through the nationally
renowned *894# Banking code and over 4.5 million people on FirstMobile
platform.
Since
its establishment in 1894, FirstBank has consistently built relationships with
customers focusing on the fundamentals of good corporate governance, strong
liquidity, optimised risk management and leadership. Over the years, the Bank
has led the financing of private investment in infrastructure development in
the Nigerian economy by playing key roles in the Federal Government’s
privatisation and commercialisation schemes. With its global reach, FirstBank
provides prospective investors wishing to explore the vast business
opportunities that are available in Nigeria, an internationally competitive
world-class brand and a credible financial partner.
FirstBank
has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 –
2016) by the globally renowned “The Banker Magazine” of the Financial Times
Group; “Best Retail Bank in Nigeria” for seven consecutive years (2011 – 2017)
by the Asian Banker International Excellence in Retail Financial Services
Awards and “Best Bank in Nigeria” by Global Finance for 15 years. Our brand
purpose is always to put customers, partners and stakeholders at the heart of
our business, even as we standardise customer experience and excellence in
financial solutions across sub-Saharan Africa, in consonance with our brand
vision “To be the partner of the first choice in building your future”. Our
brand promise is always to deliver the ultimate “gold standard” of value and
excellence. This commitment is anchored on our inherent values of passion, partnership
and people, to position You First in every respect.
Folake
Ani-Mumuney
Group
Head, Marketing & Corporate Communications
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