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First Bank of Nigeria Limited (FirstBank), one of Nigeria’s leading commercial banks, has announced that the 2021 edition of its annual Fintech Summit will hold on Thursday, 7 October 2021, at 10:00 am. The virtual event on Zoom is opened to everyone, but participants are required to register.

The 2021 edition of the summit, which is the fifth in its series, has as theme “Open Banking and its Derivative Opportunities for the Financial Ecosystem.” The summit will be addressed by experts, policy influencers, regulatory officials as well as key and leading players in the Nigerian financial, banking and technology industries.

Ndubuisi Ekekwe, the Lead Faculty of Tekedia Institute, with a PhD in engineering from John Hopkins University, USA, will be leading the discussion as the keynote speaker alongside other panelists: Ankit Sharma, Director at Strategy&, a part of the PwC network, based in Mexico; Ope Adeoye, CEO (Chief Plumber) at One Pipe; Aminu Maida, Executive Director, Technology & Operations at Nigeria Inter-Bank Settlement System Plc (NIBSS);  Musa Jimoh, Deputy Director, Payment Systems, Central Bank of Nigeria; and Olayinka Situ, Head, Corporate Transformation, FirstBank.   

“The need for Open Banking in Nigeria cannot be overemphasized as the importance goes beyond just convenience to its game-changing impact in transforming value creation, product conceptualization and closing the financially excluded gap,” FirstBank said in a statement it sent to Financial Nigeria.

Through standardized and accessible open API technologies, innovators and product developers alike are now availed a wealth of big data and attendant insights, with the potential to completely redefine standards for product conceptualization, customer satisfaction and service delivery across Africa’s largest economy, the bank said.

Speaking on the event, the Chief Executive Officer of FirstBank, Adesola Adeduntan, said: “Our annual Fintech Summit in the past four years has been a platform of leading conversations and practices that have impacted the financial technology and electronic banking eco-system which has been integral to bridging the gap and digital divide of modern banking in today’s global village. Participants at our summits have been enlightened on ways to optimally carry out their digital transactions and business activities in safe and seamless ways.”