November 25, 2021 / 06:30PM / FintechNGR / Header Image Credit: FintechNGR
On 11th of November 2021, the Fintech Association of Nigeria, (FintechNGR), hosted the World Fintech Festival (WFF), Nigeria, in partnership with the Singapore Fintech Festival (SFF). The event was one of the breakout events held by key FinTech hubs across the globe and was themed, TechSpark 3.0, Leveraging Emerging Technology for Digital Economy.
Giving the opening address, Ade Bajomo, President, FintechNGR, emphasized the essence of the theme and its potential to scale the fintech ecosystem as the digital economy is being embraced globally at record speed. In his own words, "The emergence of Nigeria and indeed the rest of Africa fintech communities is showing the forces of economics at playâ€¦ and leveraging emerging technology for the digital economy would determine where Nigeria sits in the global financial spectrum for now and many more years to come."
Some of the speakers at the event were Michale Natusch, Chief Science Officer, Prudential Plc, Nkem Nweke, Innovation Lead, Microsoft, Ini Akpan, CEO oPay, Simon Chantry, CIO Bitt, Toju Duke, AI Program Manager, Google, Ray Youssef, CEO, Paxful, Dr. Abdourahmane Faye, Chief Data Officer, Access Bank, Elizabeth Rosiello, CEO Bitpesa, and a host of others.
The event, sponsored by Access Bank Plc and Africa Fintech Foundry, also featured presentations from regulators; Central Bank of Nigeria (CBN) on The eNaira and the Nigerian Economy and Nigeria Information Technology Development Agency (NITDA) on The Nigerian Digital Architecture. Delivering the presentation on the eNaira, Uhmar Ahmed Bello, Director, Currency Operations, CBN, expressed optimism that the eNaira launched by the CBN would improve monetary and financial stability. He also addressed the various challenges the apex bank had faced since the launch of the eNaira and mentioned other phases in the pipeline. Talking on the Nigerian Digital Architecture, Dr. Vincent Olatunji, Director- eGovernment Development & Regulatory, NITDA, spoke extensively on the processes and key factors an organization had to consider before embarking on a digital transformation journey, he also touched on the subsidiaries of the agency that innovators in the fintech ecosystem could leverage on.
In his closing remarks, Dr. Babatunde Obrimah expressed appreciation to the sponsors, attendees, and speakers and the SFF for choosing to partner with the Association in bringing the 2021 edition of the World Fintech Festival to Nigeria. He rounded off by saying, "the analog generation cannot implement the digital economy, it is up to you: the youths".
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