In Africa the buzzword, “Fintech for Africa by Africa” is gaining stardom as the African financial sector has been able to tap into consumer demands and needs by making the sector popular for technology innovations.
Consumers all over the world no longer subscribe to the norm of getting general services, they want specificity and originality giving Africa an edge as it is currently home to over 300 fintech startups, with a new vision of building the financial services industry in Africa.
This is according to Disrupt Africa’s Finnovating for Africa: Exploring the African Fintech Startup Ecosystem Report 2017. It is from this background that CIO East Africa has organized the Africa Fintech Summit 2018, a two-day event that will gather disruptors, tech and finance professionals, regulators, and investors from across Africa to discuss the technologies revolutionizing finance.
“The Fintech Summit that is being held by CIO East Africa is actually a request from the local FSI’s. From a Kenya perspective there is a lot of disruption going on between technology and financial services and we don’t have visibility of what is going on locally. This is why we are organising the summit as a local company because a lot of international companies have been coming to deliver Fintech services but the fundamental question is, do they really understand what our local needs are? We are an advanced country from a technological perspective, do they really know who we are and what we want, do they understand for example what Saccos are? So local solutions for local people,” said Laura Chite, CEO, CIO East Africa.
The premier CIO Fintech Summit lined to host and average of 200+ industry leaders from the Banking industry, Insurance, Telcos and SACCOs on 29th and 30th May 2018 in Nairobi shall largely explore the immediate next steps purposed to enhance financial inclusion in all facets of the retail chain.
Themed, Collaboration and Co-Innovation in the Financial Services Industry, the summit bringing together the Fintech industry players, policymakers, innovators, investors and regulatory authorities aims to explore the potential of blockchain technology in today’s fast improving financial sector.
Among the notable speakers expected at the summit include the Central Bank Governor Dr. Patrick Ngugi Njoroge, Dr. Bitange Ndemo, Chairman of Kenya Blockchain and Artificial Intelligence Taskforce.Other speakers to flank the session as speakers are Paul Ndichu CEO, Interswitch East Africa, Catherine Maraga, CIO – Sidian Bank, Laura Chite, CEO, CIO East Africa, Steve Njenga-CIO, Barclays Bank, Rohit Kumar, CIO I&M Bank, Ali Hussein – Principal, AHK Associates, Michael Mbuthia – CIO, IPSL and George Njuguna – CIO, HF Group.
To register for the Fintech Summit 2018, click here.
