Thursday, September 15, 2017 6.00am/Proshare WebTV
Internet access and growth in the usage mobile phone technology, have been described as greenfield opportunities for Nigeria to adopt disruptive innovation that will lead to a smart economy.
Mr Brett King also known Co-Founder and CEO of Moven, shared this as the keynote speaker at the 2017 interswitch connect conference in Lagos.
Giving his perspective on the theme "Digital Transformation Imperatives: Innovative Evolution or Disruptive Innovation", King said technologies in the future like voice interface through Artificial intelligence, will become the next big leap in technology.
Speaking further he acknowledgment the fact that in the financial services industry, there has been a rapid adoption of technology in Africa and China, compared to US and Germany.
The keynote speaker believed in the next 2 decades, technology will be so cheap that it will become embedded in human lives.
Brett King asserted that innovative disruption will play a key role in Nigeria's quest for financial inclusion and reaching out to the unbanked.
He noted that since 2011, innovative technology in the financial service industry has witnessed services provided for 1.45bl people.
On improving financial services through adoption of technology, he called on the banks in Nigeria to partner with fintech companies.
According to him "In driving financial services, banks have the options of partnering, acquiring or mimicking technology solutions, the best approach is partnership with fintech companies".
King also challenged Nigerian entrepreneurs to take the initiative of developing value-driven business models around mobile technology, to embrace disruptions like artificial intelligence.
In his opening remarks the GMD/CEO of Interswitch Mr Mitchell Elegbe informed stakeholders that the conference was designed to explore what are the right ways to innovate in Africa.
Mr Elegbe noted that Disruption was re-basing industries and believed it was time for Africa and Nigeria, to understand how they will evolve & innovate in payment and commerce.