{"id":52786,"date":"2021-10-05T21:07:13","date_gmt":"2021-10-05T20:07:13","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=52786"},"modified":"2021-10-05T21:10:32","modified_gmt":"2021-10-05T20:10:32","slug":"firstbank-host-fintech-summit-5-0-highlights-the-impact-of-open-banking-on-financial-inclusion","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/firstbank-host-fintech-summit-5-0-highlights-the-impact-of-open-banking-on-financial-inclusion\/","title":{"rendered":"FirstBank Host Fintech Summit 5.0, Highlights The Impact Of Open Banking On Financial Inclusion"},"content":{"rendered":"

First Bank of Nigeria Limited, Nigeria\u2019s leading financial inclusion services provider, has announced that the 2021 edition of its annual FINTECH Summit is scheduled to hold on Thursday, 7 October 2021 by 10:00 am. The virtual event is opened to everyone, but participants are required to register via the link\u00a0\u00a0https:\/\/firstbanknigeria.zoom.us\/webinar\/register\/WN_NmkYfeckQqu4vjTWy5lr5w<\/a><\/p>\n

The 2021 edition of the summit which is the fifth in its series is themed; \u201cOpen Banking and its Derivative Opportunities for the Financial Ecosystem\u201d 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.<\/p>\n

Prof Ndubuisi Ekekwe, the Lead Faculty of Tekedia Institute with a PhD in engineering from John Hopkins University, USA, will be leading the discussion as the Keynote speaker alongside other panelists;\u00a0Ankit Sharma, Director at Strategy&, a part of the PwC network, based out of Mexico; Ope Adeoye, CEO (Chief Plumber) at One Pipe; Aminu Maida, Executive Director, Technology & Operations at Nigeria Inter-Bank Settlement System Plc (NIBSS), Musa Jimoh, Deputy Director, Payment Systems, CBN and Olayinka Situ, Head, Corporate Transformation, FirstBank.<\/p>\n

The need for Open Banking in Nigeria cannot be overemphasized as the importance goes beyond just convenience to its game-changing impact in transforming value creation, product conceptualization and closing the financially excluded gap.<\/p>\n

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\u2019s largest economy. This is the focus of this year\u2019s 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.<\/p>\n

Building up conversations into the event, the Bank recently hosted several podcasts with speakers sharing insightful tips that will impact an end\u2013to\u2013end growth of financial technology in the country. The podcasts are enhanced with useful nuggets as there is new and useful information for everyone.<\/p>\n

Guests discussants in the podcasts include; Joshua Chibueze, Co-founder and Chief Marketing Officer of PiggyVest, a Nigerian FinTech company committed to giving everyone the power to better manage their growth and finances; David Peterside, Chief Operating Officer of Okra, a fintech company committed to empowering companies and developers to build products with seamless access to inclusive financial data and secure payments. The podcasts which are opened to everyone are available on the Bank\u2019s official Instagram handle \u2013\u00a0firstbanknigeria.<\/p>\n

Speaking on the event, the Chief Executive Officer of FirstBank, Dr Adesola Adeduntan said, \u201cour annual FinTech Summit in the past four years has been a platform of leading conversations and practices that have impacted the financial technology and electronic banking eco-system which has been integral to bridging the gap and digital divide of modern banking in today\u2019s global village. Participants at our summits have been enlightened on ways to optimally carry out their digital transactions and business activities in safe and seamless ways.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Financial services have continually evolved in Nigeria and the world over and we intend as in previous years to use our FinTech summit this year to discuss different views on Open Banking and its associated opportunities with the goal of building on the successes achieved in the past\u2019\u2019.
\n.<\/p>\n

About FirstBank<\/p>\n

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading financial inclusion services provider in Nigeria for over 127 years.<\/p>\n

With over 750 business locations and over 130,620 Banking Agents spread across 99% of the 774 Local Government Areas in Nigeria, FirstBank provides a comprehensive range of retail and corporate financial services to serve its over 30 million customers. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.<\/p>\n

The Bank has been handy at promoting digital payment in the country and has issued over 10million cards, the first bank to achieve such a milestone in the country. FirstBank\u2019s cashless transaction drive extends to having more than 10million people on its USSD Quick Banking service through the nationally renowned *894# Banking code and over 4.5 million people on FirstMobile platform.<\/p>\n

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government\u2019s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.<\/p>\n

FirstBank has been named \u201cMost Valuable Bank Brand in Nigeria\u201d six times in a row (2011 \u2013 2016) by the globally renowned \u201cThe Banker Magazine\u201d of the Financial Times Group; \u201cBest Retail Bank in Nigeria\u201d for seven consecutive years (2011 \u2013 2017) by the Asian Banker International Excellence in Retail Financial Services Awards and \u201cBest Bank in Nigeria\u201d by Global Finance for 15 years. Our brand purpose is always to put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision \u201cTo be the partner of the first choice in building your future\u201d. Our brand promise is always to deliver the ultimate \u201cgold standard\u201d of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.<\/p>\n","protected":false},"excerpt":{"rendered":"

First Bank of Nigeria Limited, Nigeria\u2019s leading financial inclusion services provider, has announced that the 2021 edition of its annual FINTECH Summit is scheduled to hold on Thursday, 7 October 2021 by 10:00 am. The virtual event is opened to everyone, but participants are required to register via the link\u00a0\u00a0https:\/\/firstbanknigeria.zoom.us\/webinar\/register\/WN_NmkYfeckQqu4vjTWy5lr5w The 2021 edition of the …<\/p>\n","protected":false},"author":6,"featured_media":39377,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[9078,8493],"coauthors":[2391],"class_list":["post-52786","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-fintect","tag-firstbank-plc"],"yoast_head":"\nFirstBank Host Fintech Summit 5.0, Highlights The Impact Of Open Banking On Financial Inclusion - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/firstbank-host-fintech-summit-5-0-highlights-the-impact-of-open-banking-on-financial-inclusion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FirstBank Host Fintech Summit 5.0, Highlights The Impact Of Open Banking On Financial Inclusion - National Wire\" \/>\n<meta property=\"og:description\" content=\"First Bank of Nigeria Limited, Nigeria\u2019s leading financial inclusion services provider, has announced that the 2021 edition of its annual FINTECH Summit is scheduled to hold on Thursday, 7 October 2021 by 10:00 am. 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