Standard Chartered Hosts Fintech Festival: Boosting Africa’s Digital Economy and Exploring Co-Creation Opportunities | Bank and finance
The second edition of Standard Chartered Bank PLC’s Digital Banking, Innovation and Fintech Festival has kicked off, bringing together industry players, seasoned experts and hands-on Fintech innovators from Africa, Singapore and other parts of Asia .
The two-day event is a platform to showcase, engage, strategize and discuss the best approaches and policies as the continent moves towards a dynamic and future-proof digital financial ecosystem.
In his keynote address during the opening session, HE Dr. Mahamadu Bawumia, Vice President of the Republic of Ghana, noted that “positioning Africa as a hub of fintech innovation requires collaboration of all players in the ecosystem – banks, fintechs, telecommunications companies, governments, regulators and consumers”.
He also commended ecosystem players for the support and collaborative efforts towards digitizing Ghana.
“The world is noticing Africa’s efforts, and we will continue. Our progress is determined by our vision, by our determination to build a stronger, resilient and capable economy, by our willingness to learn and to make corrections,” added HE Dr. Mahamadu Bawumia.
For his part, Bill Winters, Group Managing Director, Standard Chartered PLC, highlighted that the Bank is “steering investment into new platforms, partnerships and ventures that will shape the future of the business, a pivot that is already showing evidence evidence of success, the strong technological foundations we are building in the CCIB and CPBB businesses and the investments in new platforms and businesses.
Highlighting the increasingly complex nature of technology requiring innovative approaches to solving problems, Mansa Nettey, Managing Director of Standard Chartered Ghana PLC, said that “Digitalization around the world is not just redefining the way we do business. do business, but continues to evolve at supersonic speed. . It’s important that we not just keep up with the changing dynamics of customer needs and innovation, but build new business models underpinned by a structure that supports this digital age.
On the first day of the Fintech Festival, during a panel discussion on “Powering Africa’s Digital Economy: Platforms | Players | Policy” – which was also the main theme of this year’s Fintech Festival – panelists noted that digital technology has changed the way the financial services industry in Africa delivers products and services to consumers.
Session panelists included Serigne Dioum, Chief Digital and Fintech Officer, MTN Group Ltd; Kwadwo Ntim, Managing Director, Technology and Operations GhIPSS; Aparna J, Director of Partnerships, Proxtera, Singapore; Serigne Dioum, John Bosco Sebabi, Deputy Director General, Pan-African Payments and Settlement System; and Jiten Arora, SC Ventures Fellow and Global Head, Solv.
The Fintech Festival will take place from October 26-27, 2022 and will highlight the opportunities available to Africa in the fintech space and how financial business models are enabling inclusive access to financial services through various types of products for consumers.
The event, which brings together players from the fintech community to connect, collaborate and engage on issues related to digitalization, policy, innovation and technology in the financial sector, is organized in collaboration with SC Ventures (Innovation and Fintech Investment Unit of Standard Chartered).
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