By Abdul Rahman Bangura–
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The week protracted circumstance, strived to highlight FinTech as an antidote to the dilemmas across diverse businesses including health, agriculture and logistics. Ade Bajomo – the Executive Director for Information Technology and Operations at Access Bank Plc, asserted, “Access Bank is committed to positively impacting lives and building the economy through technology. For years, the Bank has invested in several initiatives geared towards improving access to technological innovations while providing platforms for tech enthusiasts to innovate and make a massive impact on society.” One such innovation is Facepay which is a forerunner solution in Africa that snags the face of an individual and effects same to grant access to financial services for the unbanked, make instore payments seamlessly at merchant locations and subsequently build queleas branches.
Bajomo talked about how various Digital identity systems are leveraged across the world to give economic inclusion for 1 Billion people who are totaled to lack access to financial services because, they do not have a form of fairly comprehended essence. The ultimate instance was how India’s Aadhaar identity management programme which
has 1.2 billion Indians has been leveraged for financial inclusion, direct beneficiary programmes, humanitarian assistance, AML compliance, and cost savings in Government processes. He asserted that, Nigeria has a lot to learn from this and Access Bank is at the vanguard of leveraging digital identity systems to improve economic inclusion. Also added that “By partnering with the Africa Fintech Foundry and financing a significant occasion like the Nigerian FinTech Week, the Bank is giving to the speeds that we are experiencing in the Fintech landscape and to the growth of the economy at large.
This is done through thought leadership, acceleration and incubation of tech start-ups, hosting of hackathons, and delivering digital products tailored to the African market. Through these interventions, other sectors of the economy would be able to experience 360-degree growth as well.”
Solidifying Access Bank’s investment in the Fintech, Ade Bajomo was inducted as the new President of Fintech NGR at the 2020 AGM. Talking after his induction , he noted that, he would work with members of the association and the industry to establish solutions, employment, wealth and capacity, as well as position Nigeria as a leading market for global FinTech Innovation and Investment.
In his aptitude as president, he will be commissioned with improving the strategic authorization of the association to accelerate, connect and advocate with all stakeholders which includes members of Fintech Association of Nigeria, innovators and Fintech thought leaders, techpreneurs, Venture capitalists, accelerators, the Regtech Community, other Fintech associations and other well-meaning partners who can help the association understand its intentions.
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent
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