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Digital currency, cross border payment is centre of attention as FintechNGR gathers global regulators

Digital currency

The second edition of FintechNGR’s Intercontinental Webinar that brings together regulators from across the globe is scheduled to hold online on Tuesday, 29th June 2021 at 11.00 am WAT/GMT+1 with the theme – CBDC and Cross Border Payment: Interoperability, Technology and Regulation

The event will feature speakers such as John Rolle, Governor, Central Bank of the Bahamas, H.E Serey Chea, Assistant Governor, National Bank of Cambodia, Sopnendu Mohanty -Chief Fintech Officer, Monetary Authority of Singapore, Carmelle Cadet, CEO, EMTECH, Christian Catalini, Co-Creator, Diem, Abubakar Suleiman, CEO, Sterling Bank.

The event hopes to explore the state of Central Bank Digital Currency (CBDC) interoperability, technology and regulation across Africa and benchmark such against CBDC in countries where it is operational to position CBDC as a solution to addressing cross-border payment challenges across the continent.

The 2020 edition with highlights accessible here featured 700+ attendees from all continents and twenty countries including Singapore, USA, UK, Chile, Argentina, China, Ghana, Kenya, Mauritius, UAE.

To participate at the event supported by Sterling Bank, FintechNGR requests participants to register at http://fintechng.org/webinar, and to contact [email protected]/+2349030003013 for enquiries.

Popular known as FintechNGR, the Fintech Association of Nigeria is an umbrella body for Fintechs in Nigeria and a founding member of Africa Fintech Network. It recently held its 4th Annual General Meeting (AGM) on Tuesday, 9th June 2021 online.

In his speech, the President, Ade Bajomo stated that it was the first AGM address he would be giving in his capacity at the helm of affairs of the Association and expressed his heartfelt gratitude to be leading the three-prong mandate of the Association — Accelerate, Connect and Advocate.

He commented on the substantial growth the Association had achieved over the last three years saying, “we have grown together as an Association, and this has been possible only through our collective dedication and resourcefulness as an Association to common-goals of making Nigeria a leading innovation and investment hub in Africa.”

The President also said the Association had been able to double gross earnings within the financial year under review; an increase he remarked could be linked to the Association’s plans to diversify revenue sources through increase in sponsorships and various capacity development initiatives.

He further doled out other achievements such as the establishment of a Reguvators Forum that hosts representatives of Regulatory Agencies in Nigeria and Innovators for engagement and collaboration, training of over 200 insurance practitioners on InsurTech, collaboration with regulators and government on matters such as coordination of ecosystem recommendations to the regulatory agencies such CBN, SEC, NITDA, NAICOM, NCC, NIPC, NFIU, the government, national assembly, law enforcement agencies, judiciary on the Cryptocurrency transaction ban circular, membership of CBN FinTech Roadmap Committee of Nigeria, Presidential National Action Committee on AfCFTA – African Continental Free Trade Area, NITDA (National Information Technology Development Agency) committee on the implementation of Blockchain Technology amongst others.

He mentioned some of the strategic plans of the Association that require partnerships and collaboration for as the “DigiStuds Project” – A program to help prepare students for the future of work through a digital academy, creation of domestic investment and FinTech localization brochure/forum, the establishment of national FinTech database, the establishment of FinTech Roadmap for Nigeria to position Nigeria as an international finance centre by 2030, establishment of a start-up marketplace, organization of a world-class Nigeria FinTech Week (NFW) event and a host of other mouthwatering projects.

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