28 Oct 2019 - 01 Nov 2019
One of the major derivatives of the 2008 global economic meltdown is the emergence of an innovation sector called Financial Technology, Fintech. Fintech has since then become a major force to reckon with in the financial sector vis-à-vis financial services delivery globally. The prominence Fintech has gained in the Africa continent especially in Nigeria, Kenya and South Africa accounts for the reason why the sector has attracted the lion share of all investments in startups across the continent, according to 2018 venture investment report by WeeTracker, Fintech startups received the most investment totaling 40% of a record $725.6 million across 458 deals. It has also become a major driver of financial inclusion, a key component of digitalized Africa agenda of the AU, UN and other global bodies.
Moreso, Fintech has become the most important subject of discussion across the board although bewildered with certain limitations ranging from trust issues to inappropriate policy and regulation, poor incentivisation and infrastructure amongst others.
The Nigeria Fintech Week, the fourth in the series of National Fintech Conference in Nigeria hopes to critically examine the key sustaining factors of the Fintech innovation such as bridging the gender gap in fintech practices, consumer protection, and privacy issues, alternative local fundraise and investment for Fintechs, stimulation of better policy regime, harnessing continental fintech efforts for a unified African Fintech Market, addressing the talent and skill drain in certain aspects of fintech.
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