The Digital Banking Summit, Innovation and Excellence Awards 2019 held at the Kempinski Hotel, Gold Coast City, Accra, Ghana, on August 20, 2019.
Last year’s edition of the annual event, inaugurated by Dr Maxwell Opoku-Afari, the First Deputy Governor of the Bank of Ghana, was a forum for debates and provided a platform for the creation of a path to the digitization of the banking and financial sector.
With the theme “Digitization of the Banking Sector – En Route to a Cashless Africa”, the two-day summit highlighted the current trends and future threats of Fintech Disruption, Financial Inclusion, Blockchain, Regtech and more.
There were presentations, panel discussions and case studies from many notable speakers, including Obi Okwuegbunam, Country Manager of Mastercard, Ghana; Thomas Attah John, the Managing Director of Guaranty Trust Bank; Chuma Ezirim, the Group Executive of eBusiness and Retail Products at First Bank Nigeria; Stephen Abban, the Chief of Retail Banking at Access Bank and Victor Yaw Asante, the Managing Director and CEO of FBN.
Also at the summit were various technology and solution providers, including Youtap who was the Gold Sponsor; Temenos, the Silver Sponsor; along with Bluecode, the Official Mobile Payments Partner; Innovatrics, the Biometrics Partner and Inlaks, the Regional Technology Partner.
While giving the welcome address, ICSA’s Partnership Director, Mr Mohammed Thoufiq, expressed his gratitude to the delegates and participants who availed themselves for the summit which attracted over 200 C-Suite delegates from the banking and financial sector.
Dr Opoku-Afari, who gave the keynote speech, stated that new technologies and business models are opening alternative pathways to economic growth in emerging markets, offering opportunities to reshape our lives and improve economic growth.
He also elaborated on how conservative banking operations, with the advent of technology, have given way to dynamism and competition, as innovative financial services and products are constantly being churned out.
The Chairperson of the summit, Ms Gillian Hammah, who is the Group Chief Marketing Officer of Databank Group, weighed in on the current state of the financial sector in Ghana and also outlined steps governments can and should take, in partnership with the private sector, to build capacity, detect threats, and protect against cyber threats. She further noted the measures that make Africa a safe cashless economy.