{"id":61153,"date":"2022-06-10T18:39:09","date_gmt":"2022-06-10T17:39:09","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=61153"},"modified":"2022-06-10T18:39:09","modified_gmt":"2022-06-10T17:39:09","slug":"nova-merchant-bank-to-host-chief-executive-of-banks-in-nigeria","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nova-merchant-bank-to-host-chief-executive-of-banks-in-nigeria\/","title":{"rendered":"NOVA Merchant Bank To Host Chief Executive Of Banks In Nigeria"},"content":{"rendered":"

NOVA Merchant Bank, a leading merchant bank in Nigeria will be hosting the 52nd Quarterly General Meeting of the Association of Chief Audit Executives of Banks in Nigeria on Thursday, 23 June 2022 at the Oriental Hotel in Lagos.<\/p>\n

The meeting which is themed \u201cThe Future of Internal Audit in an Increasingly Digital World\u201d,\u00a0will bring together Auditors and other stakeholders in the banking industry including the Law Enforcement Agencies\u00a0to deepen discussions on the need to\u00a0create more\u00a0innovative\u00a0processes\u00a0and formulate automation for Internal Auditors\u00a0to succeed in\u00a0the ever-evolving\u00a0technology landscape.<\/p>\n

The Managing Director\/Chief Executive Officer of NOVA Merchant Bank Limited, Mr. Nath Ude, who is the chief host of the event, said the bank remains fully committed to supporting initiatives aimed at easing business solutions and promoting digitalisation.<\/p>\n

He said, \u201cI am particularly happy at the theme for the event as the topic is apt and in line with the global trend of revolutionalised thinking and the future demands that auditors, who are now dealing with more advanced and more technical business processes, require advanced technical IT and IS skills to bring increased value to their execution.\u201d<\/p>\n

He further emphasised that the vulnerability\u00a0to financial loss and data compromise in the digital space\u00a0has been\u00a0a significant concern that requires auditors\u00a0to understand the digital processes and exposures that businesses face.<\/p>\n

Continuing, Mr. Ude noted that a new breed of Internal Auditors will be needed to move organisations forward in this digital world and that businesses must recognize and support this as auditors are an integral part of the workforce.<\/p>

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Also reiterating the need for\u00a0auditors to understand the digital processes,\u00a0the Chairman of ACAEBIN, Mr. Uduak Nelson Udoh,\u00a0said\u00a0that the banking\u00a0industry\u00a0is\u00a0automating the delivery of its services\u00a0in line with technological advancement as such, auditors need to reskill, up-skill and innovate to be able to face the challenges of the time.<\/p>\n

Mr. Uduak said: \u201cGlobally, banking services has been digitized and the recent Covid-19 pandemic has exposed and changed a lot in the way certain types of work are carried out. Banks especially are embracing remote work too as such; the need to open physical branches is beginning to dwindle and is no longer cost-effective. This new development has posed a new challenge to the auditors with the attendant risks to businesses\u201d.<\/p>\n

He further stated that the topic couldn\u2019t have come at a better time and it is important Auditors continue to review their methodology in line with emerging issues in the digital space to be able to carry out their functions effectively.<\/p>\n

NOVA Merchant Bank continues to demonstrate dominance in the Nigerian merchant banking space with its integrated suite of financial solutions covering Wholesale Banking, Investment Banking, Asset Management, Wealth Management, Trade Services, Transaction Banking, Cash Management, and Digital Banking.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

NOVA Merchant Bank, a leading merchant bank in Nigeria will be hosting the 52nd Quarterly General Meeting of the Association of Chief Audit Executives of Banks in Nigeria on Thursday, 23 June 2022 at the Oriental Hotel in Lagos.<\/p>\n","protected":false},"author":6,"featured_media":61154,"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":[6715],"coauthors":[2391],"class_list":["post-61153","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-nova-merchant-bank"],"yoast_head":"\nNOVA Merchant Bank To Host Chief Executive Of Banks In Nigeria - National Wire<\/title>\n<meta name=\"description\" content=\"NOVA Merchant Bank, a leading merchant bank in Nigeria will be hosting the 52nd Quarterly General Meeting of the Associatio\" \/>\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\/nova-merchant-bank-to-host-chief-executive-of-banks-in-nigeria\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NOVA Merchant Bank To Host Chief Executive Of Banks In Nigeria - 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