By Jeph Ajobaju, Chief Copy Editor
Financial regulators will on Thursday brainstorm with experts and operators at the 2021 FirstBank Fintech Summit 5.0 dwelling on the use of technology to expand financial inclusion, protect transactions, boost customer confidence, and raise profit.
The virtual event begins at 10am and is open to the general public, but participants have to register via the https://firstbanknigeria.zoom.us/webinar/register/WN_NmkYfeckQqu4vjTWy5lr5w
This year’s theme, “Open Banking and its Derivative Opportunities for the Financial Ecosystem”, will be discussed by experts, policy influencers, regulators, operators, investors, enthusiasts, bankers, fintech journalists and writers, et al.
They include
Open Banking is convenient and a game-changer that transforms value creation, product conceptualisation, and closes the gap in financial exclusion.
Standardised and accessible Application Programming Interface (API) technologies provide innovators and product developers with huge data and insights to redefine standards for product conceptualisation, customer satisfaction, and service delivery.
The theme of Fintech Summit 5.0 2021 explores the depth and range of these opportunities through Open Banking in Africa’s biggest economy.
Podcasts
Building up conversations into the Summit, FirstBank recently hosted several podcasts in which speakers share tips to impact fintech growth by providing useful information for everyone.
Guest discussants in the podcasts include
The podcasts are available to everyone on the bank’s official Instagram handle – firstbanknigeria.
“Our 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’s 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,” said FirstBank CEO Adesola Adeduntan.
“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.’’
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About FirstBank
FirstBank is the premier bank in West Africa and has been the leading financial inclusion services provider in Nigeria for more than 127 years.
It boasts over 750 business locations and over 130,620 Banking Agents spread across 99 per cent of the 774 councils in Nigeria, providing comprehensive retail and corporate financial services to more than 30 million customers.
It 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.
FirstBank promotes digital payment and has issued over 10 million cards, the first bank to achieve such a milestone in Nigeria.
Its cashless transaction drive has garnered 12 million people on its USSD Quick Banking Service through its *894# code and over 4.5 million on its FirstMobile platform.
Since its establishment in 1894, FirstBank has built relationships with customers focusing on good corporate governance, strong liquidity, optimised risk management, and leadership.
It has for years led the financing of private investment in infrastructure in the Nigerian economy by playing key roles in government privatisation and commercialisation schemes.
It supports investors wishing to explore the vast business opportunities in Nigeria, as a competitive world-class brand and a credible financial partner.
Folake Ani-Mumuney, FirstBank Group Head (Marketing & Corporate Communications), lists other accolades won by the bank to include:
- “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by The Banker Magazine of the Financial Times Group.
- “Best Retail Bank in Nigeria” for seven consecutive years (2011 – 2017) by the Asian Banker International Excellence in Retail Financial Services Awards.
- “Best Bank in Nigeria” 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 ‘To be the partner of the first choice in building your future,’” she stresses.
“Our brand promise is always to deliver the ultimate ‘gold standard’ of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.”
