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



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: // 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 (, along with links to many resources. Don’t miss this exciting summit!

Visit the website ( to learn more.

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