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Heritage Bank Plc announced its partnership with the Lagos branch of the Chartered Institute of Bankers (CIBN) for the night organization of bankers and stakeholders in Lagos in 2018.
General Manager and Manager of the Heritage Bank Compliance, Mr. Wumi Adeniyi, who revealed this in a statement, said the bank decided to support the Lagos CIBN initiative because the event would encourage a strong commitment among the professionals of the sector as well as the customers of the banks.
"We take a very significant recognition of the fact that we are a bank that must interact with our colleagues and clients at a time like this.
" This is an important event in the banking community's calendar in Nigeria and Heritage Bank, being a member of this community, must We have participated and we have supported the initiative over the years.
In his presentation, Dr. Austin Okere, guest speaker and executive vice president of the Computer Warehouse Group, spoke. Entitled "Big Data, Fintech and the Future of the Bank", he notes that scalable technology that goes beyond the financial application should disrupt the global supply chain by stimulating cross-border transactions and by improving the transparency of the process
technology uses blockchain technology that has created the backbone of a new type of internet originally designed for digital currency, noting that this is the only way in is this technology that Fintechs uses to disrupt traditional banks.
He noted that the most disruptive application of blockchain technology would be in the financial sector as consistent complaints about banks have reached a crescendo lately.
According to him, after centuries of receiving deposits and making loans, two groups of clients have emerged, and both a change. The first group includes underbanked adults while the latter includes elite members who believe that the relationship is absolutely biased in favor of the banks.
He said that the biggest threat to banks is the perception that they can still do even in times of economic downturn, when the actual sector of the economy has suffered the most.
million. Okere argued that this had led many banks to believe that they were invincible, which is now characterized by a loss of contact with customers.
He indicated that the way forward for the banking sector was to collaborate with Fintech companies to provide financial services because Fintechs took charge of financial services up to a third of the population in volume and in value in countries like Kenya and China. (d, s, id) {
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