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Finnovation Africa to focus on economic, social impacts of fintechs

10 Mar 2017, 03:50 pm
Financial Nigeria
Finnovation Africa to focus on economic, social impacts of fintechs

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- The conference organisers said fintech players are increasingly becoming an important part of the fabric of Africa’s financial services industry.


The upcoming Finnovation Africa: Uganda 2017 conference will provide a platform for all stakeholders in the financial services sector to discuss how to leverage the digital transformation of financial services in Africa, according to organisers of the event, UK-based Ethico Live and ABL Dunamis, a Sub-Saharan Africa-focused financial advisory and investment services firm.

The conference will hold at the Sheraton Kampala on April 7 with high-level participation from across leading banks in Africa, financial technology (fintech) start-ups, among other stakeholders. The organisers said fintech players are increasingly becoming an important part of the fabric of Africa’s financial services industry. Banks, on the other hand, are harnessing innovative technology to meet the needs of their customers and expand financial services to underserved consumers.

"When unbanked and underbanked families have access to digital financial services, everyone benefits,” said Konstantin Peric, Deputy Director, Financial Services for the Poor at the Bill & Melinda Gates Foundation, ahead of his participation at Finnovation Africa conference.

Keynote Speaker at the conference will be Chris Principe, Founder of FinFuture magazine, and a supply chain finance expert. Chris will speak on how fintech can deliver impactful economic and social outcomes for Africa. He will also speak at a session dedicated to unlocking the potential of blockchain technology for Africa.   

According to Ethico Live, Chris Principe will also moderate the Wolves’ Den session, where fintech start-ups will be interviewed by a panel of experts on the positive impact of their solutions. Feedbacks from the experts will be useful for further development of the business models of fintechs.

“There is an opportunity to change people’s lives while building scalable profitable companies that consumers need and want,” said Dan Marom, CEO & Co-Founder of Irrational Innovations. “Recent research has revealed that almost a third of the money invested in African start-ups was consumed by new fintech firms and the Finnovation Africa: Uganda 2017 event has created a unique platform for these start-ups and trail-blazers, the broader fintech ecosystem, as well as traditional banks to engage and learn from each other.”


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