Access Bank Reiterates Commitment To Techological Innovation With Sponsorship Of Nigerian Fintech Week 2020
By Our Correspondent
Access Bank has shown its commitment in advancing the frontiers technological innovation across Africa, especially in with Nigeria by sponsoring the Nigerian Fintech week 2020.
The week long event sought to highlight FinTech as a solution to problems across different industries including health, agriculture and logistics.
Speaking at the event, the Executive Director for Information Technology and Operations at Access Bank Plc, Ade Bajomo said, “Access Bank is committed to positively impacting lives and building the economy through technology. For years, the Bank has invested in several initiatives geared towards improving access to tecnological innovations while providing platforms for tech enthusiasts to innovate and make massive impact on the society.”
According to him one of such innovation is Facepay which is a pioneer solution in Africa that captures the face of an individual and leverages same to grant access to financial services for the unbanked, make instore payments seamlessly at merchant locations and subsequently build queless branches.
Furthermore, Ade Bajomo spoke about how various Digital identity systems are leveraged across the world to provide economic inclusion for one billion people who are estimated to lack access to financial services because they do not have a form of legally recognised Identity.
Foremost example Bajomo said was how India’s Aadhaar identity manangement programme which has 1.2 billion indians was leveraged for financial inclusion,direct beneficiary programmes, humanitarian assistance, AML compliance and cost savings in Government processes.
Bajomo stated that Nigeria has a lot to learn from this and Access Bank is at the forefront of leveraging digital identity systems to promote economic inclusion.
“By partnering with the Africa Fintech Foundry and sponsoring a momentous occasion like the Nigerian FinTech Week, Access Bank is contributing to the strides that we are experiencing in the Fintech landscape and to the growth of the economy at large.This is done through thought leadership, acceleration and incubation of tech start-ups, hosting of hackathons and delivering digital products tailored to the African market. Through these interventions, other sectors of the economy would be able to experience a 360-degree growth as well,” Bajomo said.
Further cementing Access Bank’s involvement in the Fintech, Bajomo was inaugurated as the new President of FintechNGR at the 2020 AGM of the association.
Speaking after his inaugauration , he stated that he would work with members of the association and the industry to create solutions, employment, wealth and capacity, as well as position Nigeria as a leading market for global FinTech Innovation and Investment.
In his capacity as president, Bajomo will be tasked with furthering the strategic mandate of the association to accelerate, connect and advocate with all stakeholders which includes Members of Fintech Association of Nigeria, innovators and Fintech thought leaders, Techpreneurs, Venture capitalists, Accelerators, the Regtech Community, other Fintech associations and well meaning partners who can help the association realise its ambitions.
