Nigeria’s top financial institution, First Bank of Nigeria Limited, has set Thursday, October 7 as a day to hold the 2021 edition of its annual FINTECH Summit.
The event, in its fifth edition, is themed Open Banking and its Derivative Opportunities for the Financial Ecosystem and will focus on discussions around the need for Open Banking in Nigeria by experts, policy influencers, regulatory officials as well as key and leading players in the Nigerian financial, banking and technology sphere.
According to the lender in a statement, the bank announced that the virtual event is opened to everyone stressing, however, that participants are required to register online.
“The 2021 edition of the summit which is the fifth in its series is themed; “Open Banking and its Derivative Opportunities for the Financial Ecosystem” and will be discussed by experts, policy influencers, regulatory officials as well as key and leading players in the Nigerian financial, banking and technology climate,” a part of the statement read.
According to the notice, the Lead Faculty of Tekedia Institute, Prof Ndubuisi Ekekwe, who holds a PhD in engineering from John Hopkins University will be leading the discussion as the Keynote speaker.
Other panellists to speak at the event include the Director at Strategy &, a part of the PwC network, based out of Mexico, Ankit Sharma; the CEO (Chief Plumber) at One Pipe, Ope Adeoye; the Executive Director, Technology & Operations at Nigeria Inter-Bank Settlement System Plc (NIBSS) Aminu Maida, Deputy Director, Payment Systems, CBN, Musa Jimoh, as well as the Head, Corporate Transformation, First Bank, Olayinka Situ.
Explaining the significance of the event, the bank noted that, “Through standardized and accessible open API technologies, innovators and product developers alike are now availed a wealth of big data and attendant insights, with the potential to completely redefine standards for product conceptualization, customer satisfaction and service delivery across Africa’s largest economy.
“This is the focus of this year’s theme; exploring the depth and range of these derivative opportunities set to be triggered by the application of an Open Banking regime in the country.”
It added, “Building up conversations into the event, the Bank recently hosted several podcasts with speakers sharing insightful tips that will impact an end–to–end the growth of financial technology in the country.
“The podcasts are enhanced with useful nuggets as there is new and useful information for everyone.”