Access Bank has shown its commitment to advancing the frontiers of industry agnostic technological innovation across Africa with Nigeria in focus. This position is entrenched by Access Bank’s sponsorship of 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, Ade Bajomo, the Executive Director for Information
Technology and Operations at Access Bank Plc, 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.”
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 1 Billion
people who are estimated to lack access to financial services because
they do not have a form of legally recognised Identity.The foremost
example was how India’s Aadhaar identity manangement programme which has
1.2 billion indians has been leveraged for financial inclusion,direct
beneficiary programmes, humanitarian assistance, AML compliance and cost
savings in Government processes.
He
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.
Mr
Bajomo also added that “By partnering with the Africa Fintech Foundry
and sponsoring a momentous occasion like the Nigerian FinTech Week, the
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.”
Further
cementing Access Bank’s involvement in the Fintech, Mr Ade 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, Mr 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 other well meaning partners who can help
the association realise its ambitions.
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