First panel at Nigeria Fintech Forum

Nigeria Fintech Forum: Discussions On Building Partnership for Growth

The Nigeria Fintech Forum which held on 3, August 2022, was a load of insightful conversations from stakeholders in the Fintech and financial industry. Themed ‘Building Partnership for Growth; Exploring The Intersection of Banks, Telcos and Fintech,’ the forum had three strong panel sessions along with fireside chats and presentations.

 

The welcome address was delivered by Jamiu Ijaodola, CEO of Eventhive NG. He gave a quick summary of what the Nigeria Fintech Forum will focus on as well as figures to back up reasons the forum was started. He also gave a brief introduction of what Eventhive NG does while welcoming sponsors and business partners.

 

The opening keynote address was given by Akeem Lawal, MD, Payment Processing & Switching (Interswitch Purplepay) after which the first panel was set in motion.

 

The first panel session tagged ‘Building Partnership for Growth; Exploring the intersection of Banks, Fintechs & Telcos’ had incredible speakers on seat discussing partnership and regulations. The speakers included Akeem Lawal (MD, Payment Processing & Switching, Interswitch Purplepay), Jay Alabraba (Co-founder, Paga Group), Olayinka Oni (Chief Digital Officer, Sterling Bank), Ifeanyi Duru (VP Enterprise Sales, TeamApt), Olu Akanmu (President, OPAY Nigeria), Babajide Asegbeloyin (Head, Fintech Business, FSDH Merchant Bank), Azubuike Emodi (Managing Director, Anchoria Asset Management), and the panel was moderated by Nchedolisa Anammah (Associate Manager, Fintech, Stears).

 

First panel at Nigeria Fintech Forum
First panel at Nigeria Fintech Forum.

The conversations on the first panel centered around partnership and collaborations with speakers sharing what they know about regulations/regulators as well as making it clear they are opened to partnerships.

 

During the Q&A session, a member of the audience spoke about theft of gadgets and how easy it is to access funds by fraudsters, asking what solutions banks and fintechs have in place to prevent this affecting people.

 

In response, Akeem Lawal placed an emphasis on why it is important for banks, fintechs and telcos need to collaborate. He also spoke about the technology solution which highlights behavioral patterns while saying all stakeholders have to look at those solutions and put them to use.

 

Francis Sirus, Regional Sales Manager, Africa, Freshworks during a presentation explained how their services works played a video to further drive his point about consumer demands while Azubuike Emodi was also engaged in a fireside session about asset management.

 

He also spoke about inclusion drive and what he thinks it’ll do to Anchoria and their services.

“We’re definitely going to talk to people in that space.”

He talked about visibility and inclusion and making sure their customers get a value for what they need.

“When you run a regulation business, there is so much innovation you can bring in. But I can assure you there is so much going on.”

Azubuike Emodi, Managing Director, Anchoria Asset Management.
Azubuike Emodi, Managing Director, Anchoria Asset Management.

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The second panel tagged ‘Regulating Nigeria’s Fintech industry; Building investors confidence without stifling growth’ had Kunle Apampa (Director, Capricorn Investment Group), Yinka Edu (Partner, Udo Udoma & Belo-Osagie), Tobi Olusoga (Chief Product Officer, I-invest), Tolu Adetuyi (Co-founder/CIO, Identity Pass) with the panel moderated by Aderonke Alex-Adedipe (Partner, Pavestones).

 

Yinka Edu spoke about regulations and how people were finding ways around it. She also mentioned that new ways have to be found to engage regulators.

 

The moderator asked what the Fintech association is doing to make regulations useful and while answering, Seun stated that the things in place which includes drafting a policy to make sure that regulations are simple and effective.

 

Tolu stated that stakeholders need to start tracking the regulations and also create a sort of regulation tracker that helps the industry see what the regulation is saying and how helpful it is.

 

Seun also encourage people to start reading and not allow themselves to be caught unaware.

 

Kunle pointed out that the playing field is not level enough which is why regulators come in, helping identify bad actors. He also stated how regulations help boost investor confidence.

“Your main goal is to help and it’s easy to shift that dynamic and make money while helping.

“Having guidelines in place will create a framework for bringing more foreign investors to Africa.”

Each panelist also spoke about the Nigeria startup bill highlighting what they expect to be put in place for changes to be made on the bill, the process of passing the bill and how it is inclusive.

 

Adebayo Juwon, Business Development Manager, FTX gave a presentation on who FTX is, what they do, highlighting ambassadors and giving a brief insight into the founder.

Presentation by Adebayo Juwon, Business Development Manager, FTX
Presentation by Adebayo Juwon, Business Development Manager, FTX.

Also, he spoke about the company’s user first approach, FTX’s growth, different type of offers and the products FTX provides to its users.

 

This was followed by a fireside chat with James Ademuyiwa, Co-founder/Head of Blockchain at Scalex where he discussed Shining light on adoption of crypto across Africa which was then followed by a break session that allowed people network with each other.

 

Coming back from the break session, there was a fireside session with Tolu Adetuyi on developing secured payment system across Africa; Using Identity Pass as a case study followed by a presentation on what Interswitch is, highlighting the digital lending, talking about data and more.

 

The final panel session tagged ‘Cryptocurrency; Redefining the Future of Money’ had Harrison Obiefule (PR & Marketing Manager, Africa, FTX), Emeka Nwosu (Co-founder/CEO, Scalex), Rotimi Ogunwende (CMO, Patricia), Senator Ihenyen (President, Stakeholders in Blockchain Technology Association of Nigeria) and moderated by Tolulope Okesanya.

 

The panel session was followed by a presentation by Folusho Ogunwale (Founder/CEO, i-Fitness Ltd.

 

The Nigeria Fintech Forum came to a great end with a closing address from Kazeem Malik, Communications Lead, Eventhive NG.

 

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