As part of efforts to keep banking services in Nigeria at par with global trends and ensure optimum value to all stakeholders, DellEMC would be lending support to the New Age Banking Summit, billed for Lagos in September 2018.
Integrated Marketing Manager, East, West and Central Africa, Annie Odo-Effiong states that the support is because “DellEMC is committed to changing the narratives of how technology is helping individuals and businesses grab opportunities for digital banking in Nigeria, in keeping with emerging global trends.”
She further highlights that support for the summit, now in its eighth edition is “driven by the need to properly harness the notable transformation in the changing landscape of financial technology, which is bound to impact consumer behavior and consumption habits in the financial services industry in Nigeria.”
The summit would be focusing on how technology is impacting financial services with emphasis on mobile and internet banking, biometrics, cloud, artificial intelligence, internet of things, etc., which have left banks and financial institutions with no choice but to undergo digital transformation in order to thrive in this rapidly evolving digital age. “Fintech has clearly become the driver of financial progress in Nigeria,” according to Odo-Effiong.
At the Event, Mr. Noumeh Tahhan, Sr. Manager, Systems Engineer Emerging Africa will be delivering a presentation on behalf of DellEMC. His topic will be “Accelerating digital banking”. Digital banking is here, banks are being disrupted with the new age of banking and are faced with new type of competitors that are non-traditional, fast and focused.
In addition, Noumeh & Travers will also be chairing a panel discussion. The details of the panel discussion will focus on Building a Cyber Resilient and Digitally Empowered Economy. Other key discourse will be Strategies for Digital Growth, Ease, convenience and flexibility of customers vs. security of the organization, attaining the right balance between business, risk and security and Leveraging technology to build low-cost products and services to meet financial inclusion targets.
According to the organizers, UMS Conferences, the summit is put together to equip financial services provides with the necessary knowledge to keep pace with modern day requirements in line with global trends. They also want to help financial services providers remain in harmony with Nigeria’s Vision 2020 of being among the top 20 economies, for which the Central Bank of Nigeria initiated the cashless Nigeria policy, which has given a boost to digital innovation.
The organizers note that the digital revolution has given birth to enhanced efficiency, security and reliability of existing banking services for current and potential customers, leaving the Central Bank of Nigeria with no choice but to encourage collaboration between banks and emerging fintech companies with an aim to accelerate the progress of financial inclusion in the country.
UMS Conferences disclosed in the summit brochure that “recent reports reveal that adoption of smartphones in Nigeria is estimated to increase to 7.8 million by 2020. The rising penetration level of mobile phones represents a window of opportunity for banks to utilize technology in order to drive innovative financial services in areas such as customer experience, mobile banking, payments, p2p lending, digital wallets, etc.”
The organizers state that the summit is designed to address key challenges and explore technologies that can accelerate the Nigerian banking sector into the digital age. With a focus on emerging channels such as Blockchain, Next-Generation Payments, Artificial Intelligence, Big Data and Cyber Security, the summit will be a knowledge-sharing platform that will explore innovative tech solutions key to shaping the future of banking in Nigeria.