Africa

BFSI East Africa Summit 2021: Digital Transformation Accelerates Open Banking Ecosystem

Published

on

BFSI East Africa Summit 2021: Digital Transformation Accelerates Open Banking Ecosystem

The pandemic is pushing the financial sector into the next new era

JOHANNESBURG, South Africa, September 22, 2021 / APO Group / –

Business leaders and ICT experts from East Africa and around the world will gather on September 23 for the BFSI East Africa Summit 2021, an offline event to uncover the opportunities for transformation digital technology for the African financial sector. The event will highlight the changes, challenges and opportunities of the post-epidemic era and ways to accelerate financial digital transformation by leveraging the latest ICT solutions.

Digital transformation is accelerating the open banking ecosystem

The pandemic has brought about great changes in the way organizations and businesses operate. Following the effects of the pandemic, digital transformation has become one of the needs of businesses. As industries modernize and converge, the financial services industry is also undergoing a transformation – with operations migrating to the cloud – powered by an ecosystem of connected devices, built for all scenarios.

Digital transformation has revolutionized the financial sector in East Africa. Mobile money is arguably the most notable example and the preferred way to make payments for both banked and unbanked people due to its unmatched security and convenience. According to a recent Geopoll report, Kenya is the world leader in the adoption of mobile money services with at least 50% of Kenya’s GDP going through mobile money. In addition, an official report released by the Central Bank of Kenya, indicated that over 80% of the Kenyan population has access to financial services and with over 67 million registered mobile money accounts. Hard to achieve this incredible financial inclusion without the support of financial digital transformation.

The pandemic is pushing the financial sector into the next new era. It is important that financial industry leaders stay ahead of the curve and understand the challenges the industry is or will face in the near future. They should focus on the following areas: How to accelerate digital and intelligent convergence to create a truly agile platform? How to improve the safe and secure transfer of data and unlock its potential value? How to build an open ecosystem for all scenarios, unlocking scenario-based financial services?

In order to answer these questions and more and provide in-depth information on harnessing the latest ICT technologies suitable for the success of the financial sector in the post-epidemic era, Huawei will host the BFSI Africa Summit of Africa. Est 2021 (https: //bit.ly/3hThJrz) September 23. In attendance will be industry and business leaders ready to explore the latest industry trends and ideas for success in the new age!

The full agenda is available here (https://bit.ly/3hThJrz), along with links to many resources. Don’t miss this exciting summit!

Visit the website (https://bit.ly/3hThJrz) to learn more.

Short Link: https://wp.me/pcj2iU-3CpF

NNN

NNN: :is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor @ nnn.ng

Recent Posts

First Bank denies Otedola’s acquisition CBN supports healthcare sector with N200 billion to tackle medical tourism Court acquits ex-SEC boss, Munir Gwarzo, says ICPC failed to prove case against him Biden and Macron discuss ‘stronger’ European defense Swedish teen rapper killed in Stockholm shooting Kenya, Uganda launch synchronized mass delivery of drugs targeting trachoma Mali: alleged “disappearances”, executions by security forces 2023: Aregbesola in support of inmates’ right to vote – Aide Abuja-Kaduna train service resumes Saturday – FG NLC planning to open online TV for Nigerian workers – Wabba Declaration on the resumption of humanitarian activities in Burkina Faso Underdevelopment fuelling insurgency in North-East – Buratai US Ambassador Geeta Pasi and USAID Humanitarian Aid Office Administrator Assistant Sarah Charles visit Bahir Dar Over 80 million people affected as Africa launches new polio vaccine We’re still paying liquidation dividends to depositors of failed banks- NDIC Nigerian govt creates 74,413 employments through environmental projects African Development Bank launches consultations on new strategy for quality health infrastructure in Africa Nigerian fighter jets bombard ISWAP terrorists converging for meeting in 11 boats Global Director of TotalEnergies to speak at Libya Energy & Economic Summit 2021 France and WFP respond to the food and nutrition emergency in West and Central Africa Nigerian troops engage gunmen in shootout, rescue 6 abductees in Ekiti $ 30 million urgently needed to address worsening humanitarian situation in South Sudan as heavier rains and more flooding is expected in the coming months FCTA arrests 217 street beggars We’re closing all IDP camps in Maiduguri December – Zulum Lagos NYSC tasks outgoing corps members on utilisation of skills acquired 26 years after, Buhari mulls pardoning Ken Saro-Wiwa, 8 other Ogoni activists Beware of new virus that steals banking information, NCC alerts Nigerians Why Education is the only Weapon to Tackle Insecurity, Restiveness – Sen. Adeola Issuance Of E-Third Party Motor Insurance Certificate Begins Soon In Ogun Residents laud suspension of Abuja-Kaduna train service Chinese President XI writes Buhari, seeks to bolster relations Court jails man for stealing water tank New Permanent Representative of Benin presents his credentials to the Director-General of the United Nations Office at Geneva Excessive use of antibiotic causes odour at private part – Gyneacologist IOM Resumes Voluntary Humanitarian Return Flights From Libya After Months Of Suspension Judge orders ‘Yahoo Boy’ to sweep court premises for 6 months Nigeria’s insecurity is going down – Ndume Babies conceived by women above 35 years risk Down syndrome – Therapist AMISOM trains police and HirShabelle officials in electoral security coordination Buhari tasks Ogoni leaders on protection of national assets Matawalle commissions 300-bed general hospital in Zamfara UK contributes £ 3million to help Malagasy families weather drought and food crisis World Energy Day 2021: Mauritius aims to reduce its greenhouse gas emissions by 40% by 2030 Africa Cup of Nations 2023: Founder and President of APO Group meets with President of COCAN to discuss media coverage of CAN 2023 Nigerian govt reveals graphic detail of Nnamdi Kanu’s acts of terrorism Nigerian govt reveals Igboho’s financers Cameroon: Mock trial for Kumba school massacre Barbados elects first president, to replace British Queen Payment of liquidation dividends to depositors of failed banks ongoing – NDIC 216 students bag First-Class degrees at Covenant University