Standard Chartered Hosts Fintech Festival: Powering Africa's Digital Economy And Exploring Opportunities For Co-Creation | Banking/Finance

The second version of the Digital Banking, Innovation and Fintech Festival by Standard Chartered Bank PLC has kicked off bringing collectively trade gamers, seasoned consultants and sensible Fintech innovators from Africa, Singapore, and different elements of Asia.

The two-day occasion is a platform to showcase, interact, strategize, and talk about finest approaches and insurance policies because the continent strikes in the direction of a future-proof and dynamic digitized monetary ecosystem.

In his keynote deal with on the opening session, HE Dr. Mahamadu Bawumia, Vice President of the Republic of Ghana, famous that “to position Africa as a fintech innovation hub requires collaboration from all ecosystem players – banks, fintechs, telecom companies, governments, regulators and consumers”.

He additionally recommended ecosystem gamers for the assist and collaborative efforts in the direction of Ghana's digitalization drive.

“The world is noticing Africa's efforts, and we will keep going. Our progress is determined by our vision, by our resolve to build a stronger, resilient and a capable economy, by our readiness to learn and to make corrections,” HE Dr. Mahamadu Bawumia added.

On his half, Bill Winters, Group Chief Executive, Standard Chartered PLC, emphasised that the Bank is “directing investment to new platforms, partnerships and ventures that will shape the future of the business, a pivot that is already demonstrating clear evidence of success, the strong tech foundations we are building in CCIB, and CPBB business and investments in new platforms and ventures.”

Highlighting the more and more complicated nature of expertise requiring progressive approaches to fixing issues, Mansa Nettey, Chief Executive of Standard Chartered Ghana PLC, stated that “the world over, digitalization is not only re-defining how we do business, but keeps evolving at supersonic speed . It's important that we do not only keep up with the changing dynamic of client needs and innovation but build new business models underpinned by a structure that supports this digital era.”

On the primary day of the Fintech Festival, in a panel session on the subject, “Powering Africa's Digital Economy: Platforms | Players | Policy” – which was additionally the principle theme of this 12 months's Fintech Festival – panelists famous that digital expertise has modified the way in which Africa's monetary service trade affords services to shoppers.


Panelists on the session included Serigne Dioum, Chief Digital and Fintech Officer, MTN Group Ltd; Kwadwo Ntim, General Manager, Technology Operations GhIPSS; Aparna J, Director of Partnerships, Proxtera, Singapore; Serigne Dioum, John Bosco Sebabi, Deputy CEO, Pan-African Payment and Settlement System; and Jiten Arora, Member SC Ventures Global Head, Solv.

The Fintech Festival will run from twenty sixth to twenty seventh October 2022 and can spotlight alternatives obtainable to Africa within the fintech area and the way monetary enterprise fashions are enabling inclusive entry to monetary providers throughout various product varieties for shoppers.

The occasion, which brings collectively stakeholders within the fintech neighborhood to attach, collaborate and interact on points regarding digitization, coverage, innovation, and expertise inside the monetary sector, is organized in collaboration with SC Ventures (Innovation and Fintech Investment Unit of Standard Chartered ).