First Bank creates awareness on open banking

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First Bank of Nigeria Limited has expressed its commitment to the development of open banking.

It stated that its 2021 edition of its upcoming annual Fintech Summit was opened to everyone, but participants were required to register.

The bank stated that the summit which was the fifth in its series was themed ‘Open banking and its derivative opportunities for the financial ecosystem’, and would be discussed by experts, policy influencers, regulatory officials as well as key and leading players in the Nigerian financial, banking and technology climate.

It stated that the Lead Faculty of Tekedia Institute with a PhD in engineering from John Hopkins University, USA, Prof Ndubuisi Ekekwe, would be leading the discussion as the keynote speaker.

Other panelists, it added were Director at Strategy &, a part of the PwC network, based out of Mexico, Ankit Sharma; Chief Executive Officer, (Chief Plumber) at One Pipe, Ope Adeoye; Executive Director, Technology & Operations at Nigeria Inter-Bank Settlement System Plc, Aminu Maida; Deputy Director, Payment Systems, CBN, Musa Jimoh; and Head, Corporate Transformation, FirstBank, Olayinka Situ.

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The statement said, “The need for open banking in Nigeria cannot be overemphasised as the importance goes beyond just convenience to its game-changing impact in transforming value creation, product conceptualisation and closing the financially excluded gap.

SOurce: Punch

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