Fintech Critical Stepping Stone To A Digital Age


L-R: Oluwnaseun Adesanya, Group Head, Innovation & Strategy, SystemSpecs, Olufemi Awoyemi, Member, FintechNGR GovCo/Founder & CEO, Proshare, Adedapo Adekoje, President, Chartered Institute of Stockbrokers, Ibrahim Hassan,  Deputy Director, Consumer Protection Department, Central Bank of Nigeria, CBN,  Dr Segun Aina, President, FintechNGR, Ade Bajomo, Vice-President, FintechNGR/ ED, IT & Operations, Access Bank  & Dr Yele Okeremi, President, Institute of Software Professionals Association of Nigeria during the Annual General Meeting & Social Meet 4.0 of the Fintech Association of Nigeria, FintechNGR hosted by the Nigerian Stock Exchange today, Thursday, 11th April 2019 at the Exchange House, Marina.

“Fintech , Critical Stepping Stone Towards A Digital Economy For Africa”

…As FintechNGR holds AGM, Records Milestone Achievements.

By Pelumi Olaleye

Leveraging on the epitomises of the International Monetary Fund (IMF) that Fintech could be the critical stepping stone towards a digital economy for Africa, the Fintech Association of Nigeria (FintechNGR) lauded its scorecard recently.

This achievement check list was done during its second Annual General Meeting, AGM and Social Meet 4.0 recently and hosted by the Nigerian Stock Exchange at the Exchange House, Marina.

The event was well attended by key executives and management staff of member institutions and ecosystem stakeholders including Banks, Consulting, Legal, ICT Venture Capitalists and Investment firms, Research Institute and Tertiary Institutions, Professional bodies, core Fintech firms, Startups, financial services providers, students, media houses, Regulators and the Central Bank of Nigeria.

President of the Association,  Dr Segun Aina  explained to the audience that 2018 was an exciting year for fintech which continue to transform many industries especially the financial services industry in terms of breakthroughs in innovation and investment globally and especially in the African continent.

According to him the expected impact of fintech in Africa’s development was epitomised by IMF’s statement that Fintech could be the critical stepping stone towards a digital economy for Africa.

Dr Aina who attributed the success of the Association during the year to the quality, commitment and contributions of members says the Association pursued vigorously its three core objectives of Connect, Advocate and Accelerate as its impacts are felt across the length and breadth of the Nigerian and African Fintech ecosystem at large.

Also speaking,  Vice President of the Association, Ade Bajomo, Executive Director , IT & Operations, Access Bank particularly articulated the focus of the Association on breeding young innovators right from the school days, saying, “The Association strongly believe the future of the nation rests on its teeming youths properly playing active roles in digitalizing the economy”.
 On his part, Director, Technology, Deloitte, West-Africa, a member of the Governing Council of the Association,  Wole Oyeniran noted that the future plans of the Association said is to consolidate on its successes, maximize impacts and value delivery to its diverse members as well project a future.
“The Association has mapped out an audacious road map to cover the period 2019 to 2021. The roadmap is expected to usher in significant changes in membership categories, growth and value offerings while creating other more sustainable revenue sources and strengthening of internal capacity and governance.
 “ FintechNGR has strategically positioned itself to serve the ecosystem better as well as meeting the enormous expectations that come with the surging growth of the Association while building on the gains of the past two years”.
Meanwhile, Founder & CEO, Proshare and member of the Governing Council of the Association, Olufemi Awoyemi  informed the participants that the Association has set rolling a number of strategic programmes for the year aimed at stimulating more regulatory engagements, attract more investments and equipping young Nigerians with the ability to play actively in the digital age.
The Chief Host of the event, Oscar Onyema, CEO, the Nigerian Stock Exchange, a member of the Association during his opening remarks  said that the Exchange  has developed a policy aimed at fostering corporate governance, exposed startups to investors and facilitate listing on the Exchange.