First Bank hosts fifth edition of Fintech summit

First Bank of Nigeria Limited has announced that the 2021 edition of its annual FINTECH Summit will hold on Thursday, October 7, 2021, by 10:00 am. The virtual event is opened to everyone but participants are required to register online.

The 2021 edition of the summit, fifth in its series, is themed “Open banking and its derivative opportunities for the financial ecosystem”.

It would be discussed by experts, policy influencers, regulatory officials as well as key and leading players in the Nigerian financial, banking, and technology climate, according to a statement issued on Sunday by Folake Ani-Mumuney group head, marketing & corporate communications of First Bank.

The statement said Ndubuisi Ekekwe, a professor and the Lead Faculty of Tekedia Institute with a PhD in engineering from John Hopkins University, USA, will lead the discussion as the keynote speaker.

Other panellists include 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.

According to First Bank, the need for open banking in Nigeria cannot be overemphasised as the importance goes beyond just convenience to its game-changing impact in transforming value creation, product conceptualisation and closing the financially excluded gap.

Read also: FirstBank hosts Fintech Summit 5.0, shows open banking drives inclusion

Through standardised 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 conceptualisation, 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 to handle – firstbanknigeria.

Speaking on the event, the chief executive officer of First Bank, 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,” the statement said.

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