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Africa Digital Banking 2021 to discuss key factor contributing to the Digitisation of the Banking Sector, Enroute to a Cashless Africa

Africa Digital Banking 2021 to discuss key factor contributing to the Digitisation of the Banking Sector, Enroute to a Cashless Africa

Banking & FinanceDigital TransformationEast AfricaNorth AfricaSouth AfricaWest Africa

The International Centre for Strategic Alliances (ICSA), organisers of the Africa Digital Banking Summit – Innovation and Excellence Awards, are all set to go live with the 3rd Edition of the Summit, which is themed around Digitisation of the Banking Sector, Enroute to a Cashless Africa.

The two-day global summit, endorsed by the Bank of Ghana, will be inaugurated by Dr Maxwell Opoku-Afari, First Deputy Governor, Bank of Ghana and will witness inputs by leaders and experts from the banking and financial services space. The summit goes live, virtually on the 10th and 11th of November 2021 with almost 700 delegates in attendance.

 “Africa is home to one of the largest banking markets in the world in terms of growth and profitability Digital Transformation of the BFSI sector is no longer an attractive option, it is imperative for banks to survive,” said Mr Mohammed Thoufiq, Director – Partnerships at ICSA.

“Digital services are helping to fill the huge gaps in financial inclusion by providing access where it is most needed. Most banks will benefit from higher customer numbers in the longer term as they are actively investing in the architecture for the Digital Transformation now,” Thoufiq added.

This year’s summit has been curated to inspire, educate and empower the banking and financial services industry to advance their pioneering strategies to effectively cultivate their operations and to increase profitability in the post-pandemic era. The summit is sponsored by Huawei, Microsoft, Profinch, Temenos, ABSA, FBNBank Ghana, KPMG, Seamfix, PrueSoftware, Arttha and supported by the ISACA Accra Chapter and Databank.

Ronald Raffenspeger, CTO Digital Transformation, financial services industry at Huawei, said: “Financial services in Africa are advancing rapidly as a result of the adoption of mobile applications for all aspects of a user’s life. In order to support this transformation, banks must digitalise and cloudify their IT and should adopt mobile application ecosystems as the way to meet customer’s needs.”

“A focused and nuanced Digital Transformation strategy underlines the growing momentum in banking and financial services to deliver differentiated experiences that customers expect,” commented Ahmed Yahyaoui, Customer Success Director at Microsoft, MEA. “We are pleased to collaborate with leading Banks in realising their strategy and in becoming Africa’s future-first financial services firm through digital skilling-focused initiatives that will expand economic opportunity for young people across Africa.”

The Africa Digital Banking Summit 2021 will bring together the best minds from leading institutions to engage in an open, constructive dialogue with peers, industry subject matter experts and policy czars. It will offer latest and actionable insights, networking opportunities, a chance to learn from the best in the business and get ahead of the competition.

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