Host Annual FINTECH Summit First Bank

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First Bank of Nigeria Limited, Present’s 2021 edition of its annual FINTECH Summit is scheduled to hold on Thursday, October 7, 2021.

The bank in a statement said the virtual event is opened to everyone stressing however, that participants are required to register online.

“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, First Bank, “the statement reads.

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It added that 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, “it stated.

It added, “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.”

Speaking on the event, the Chief Executive Officer of First Bank, 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.”

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