NDIC drives discuss on financial system stability at international virtual conference

The Nigeria Deposit Insurance Corporation (NDIC) has taken the front seat in the international finance community to drive the public discourse on the impact, risks, challenges, and opportunities of Financial Technology (FINTECH).

Consequently, the Corporation is organising a two-day Virtual International Conference with the theme “Financial System Stability, Fintech and Emerging Risks: Challenge for Bank Supervisors” from Thursday, 22nd to Friday, 23rd October 2020.

The Conference, which is the first of its kind to be hosted by a Deposit Insurance System (DIS) in the African region, is informed by emerging developments and financial system stability effects of Fintech and COVID-19 pandemic.

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The Conference, brings together speakers & participants from the International Association of Deposit Insurers (IADI), World Bank, International Monetary Fund (IMF), sister deposit insurers, supervisory & resolution authorities, as well as professionals & practitioners in the financial systems across the globe. Some of the local participants are drawn from the Central Bank of Nigeria (CBN), FITC, Chartered Institute of Bankers of Nigeria (CIBN), Independent Corrupt Practices Commission (ICPC), Economic and Financial Crimes Commission (EFCC), Nigerian Financial Intelligence Unit (NFIU), amongst others.

A statement signed by Bashir Nuhu, director, Communication and Public Affairs, said the Conference is part of efforts to promote knowledge and experience sharing amongst key stakeholders on Fintech, as well as provides an opportunity to promote broad discussion on policy options to address emerging risks and opportunities associated with Fintech.

The two-day virtual Conference will address pertinent topics such as: How Big Tech and Asian Banks are Reinventing Banking; Emerging Issues on Cyber Risks; Artificial Intelligence, Machine Learning; and Consumer Protection in the Fintech era. Other topics include the use of Regulatory and Supervisory Technologies as Early Warning Signals; Regulation of Fintech Payment Service Banks (PSBs); and Identifying the Potential Impact of Disruptive Technologies on On-Site Supervision.

The Chairman, NDIC Board of Directors, Ibironke Sokefun will give the Opening Remarks, while Managing Director/Chie Executive of the Corporation, Umaru Ibrahim will give the Welcome Address. Also, the International Association of Deposit Insurers (IADI) Secretary-General, David Walker, will deliver keynote remarks.

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.