Collaboration Is Key to Making Nigeria a Reference Point in Fintech -AdeRemi Atanda

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Sunday, November 04, 2018 4.00PM / Proshare WebTV

 

Collaboration amongst stakeholders will be key to positioning Nigeria as a reference point for Fintech in the global technology ecosystem. 

The Executive Director, SystemSpecs Nigeria Mr AdeRemi Atanda shared this as a keynote speaker at the 3rd edition of the Centre for Financial Journalism and the Association of Marketing Professionals in Nigerian Financial Institutions(ACAMB) business forum in Lagos. 

Mr Atanda was speaking on the theme of the forum, which was “Fintech and Financial Service Delivery in the Digital Age”. 

He believed that in the era of the fourth industrial revolution, driven by digital technology Nigeria must tap into the knowledge economy to be relevant. 

According to him “Fintech is a rapidly progressing movement to bring transformative & disruptive innovation to financial services, through the application of new and emerging technologies which address consumer needs through automation”. 

In the payments space, Atanda noted that Nigeria has made remarkable progress in e-payment transactions with the country hitting about N80trn . 

He called on stakeholders in the financial services, to take into consideration consumer needs in the deployment of technology. 

Speaking further he emphasized the need for Nigeria as a nation to set clear guidelines and regulations that will encourage the growth of innovation and technology in the nation. 

Atanda was of the view that the CFJ and ACAMB have a major role to play in shaping the narrative on how Nigeria, has contributed to the evolution of fintech in the globe. 

In the area of collaboration, the ED of Systemspecs Nigeria called on Banks to invest in Fintech but leave it to operate relatively independent. 

Fintech has blurred the lines between various financial services. The use of technology to provide consumer with more immediate solutions to their needs across different segments has set them apart from traditional solution providers” He said. 

Mr Atanda described  “Remita” a platform developed by Systemspecs as Nigeria’s first “Open Banking” project that aggregates accounts from different banks and serve a common interface for streamlined banking operation. 

The forum featured an interactive session with questions on issues like customer service delivery, prospects for Fintech growth in Nigeria, the role of policy, Cyber-security amongst others. 

The 3rd edition of the CFJ-ACAMB business forum was moderated by Mr Olufemi Awoyemi, FCA CEO of Proshare Nigeria and had in attendance financial journalists and marketing professionals from financial institutions.

 

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