The Group Chief Executive of Guaranty Trust Holding Company, Mr Segun Agbaje has given an insight into how African Financial System will run from 2030 and beyond. He said that technology will remain the driving force behind the accessibility of digital and financial services across the African continent, and therefore, investments in digital infrastructure and collaboration are crucial for transforming the African banking sector.
Agbaje said this at an event hosted by Finacle Infosys, the industry leader in digital banking solutions, in partnership with IBM and CWG on February 24 at the Eko Hotel, Lagos.
Over 200 senior bankers representing all the leading banks in Nigeria attended the event. The conference theme – Recomposing Banking – had sessions covering the benefits of a Composable Core and Payments, how to successfully run a Digital Only Bank and how to offer a new age Digital Wallets platform to retail and corporate customers.
Agbaje, in his keynote address titled – ‘A Digital-Only Africa – A Vision for 2030 and Beyond’ shared his insights and vision for the African Banking community in this digital-first era. He also discussed Africa 2030 and emphasized how technology will remain the driving force behind the accessibility of digital and financial services across the African continent.
Mr. Sajit Vijayakumar, Chief Executive Officer, Infosys Finacle presented the concept of Recomposing Banking, and the benefits for banks as they recompose their customer engagement, operations, technology, and overall business models, to adapt, innovate, and stay ahead of fast-evolving digital goalposts. He also presented global transformation stories of Emirates NBD, Santander UK, ICICI Bank and others on how they have realized the benefits from Finacle’s composable architecture. He talked about how a composable platform is the future of banking, and that Infosys Finacle stands committed to providing such a platform for banks in Nigeria.
The three-hour conference concluded with an insightful panel discussion titled “Unlocking the Next Gear: Leveraging Digital Core and Cloud for Nigerian Banks in a Digital World” with Dr. Ademola Ayodeji Odeyemi, Managing Director of Optimus Bank Limited, and Mr. Elias Igbinakenzua, Managing Director and CEO of Globus Bank, as panelists, moderated by Mr. Sriranga Sampathkumar, Regional Head of Business for MEA at Infosys Finacle. The panelists shared their views on the pivotal role of digital core platforms and cloud solutions as the key drivers for Nigerian banks to thrive and evolve in today’s digital landscape. Discussions revolved around how technology serves as a critical differentiator, enabling banks to remain sustainable and boost growth.
The event also saw the presentation of mementos by Infosys Finacle to customer banks, including United Bank of Africa, First Bank of Nigeria, Guaranty Trust Holding Company Plc, Stanbic IBTC and Fidelity Bank, celebrating their long-standing partnership with them.
Dear readers, we really need your support to keep on serving you with authoritative, truthful, and juicy stories everyday. For your support, please reach out to the editor @gavelinternational66@gmail.com