Events > Technology
|Venue||Lagos Oriental Hotel|
|Contact No.||+234 802 802 3247|
|Date||March 07, 2017
March 07, 2017
|Add to Calendar 03-07-2017 03-07-2017 35 Ennovators Breakfast Series [EBS 1701] For details, visit http://www.connectnigeria.com/events/ennovators-breakfast-series-ebs-1701-2827.html Lagos Oriental Hotel V/Island, Lagos|
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More details:Fintech – the term coined for financial services technology is an extremely fast-growing industry worldwide. Nigeria is not an exception. In fact, the total global investment in Fintech between 2010 and 2016 reached as high as $80bn. Its evolution can in large part be attributed to ‘disruptors’ – startups shaping the financial services landscape for good. Some argue that the secret to maintaining the industry is nurturing the startups through which new technology is birthed, but with Fintech gradually seeping into the growth strategies of traditional banks, how should bank relate with FinTechs? For some time after the global and local financial crisis, traditional banks have laid emphasis on regaining customers’ trust. It was not surprising that Fintech did not top their list. However, banks have since realised the potential of Fintech if applied to their processes more vigorously, and are slowly joining the startups in the race. A local bank has even tagged itself a FinTech bank. This edition of EBS will examine how banks should relate with FinTechs. To avoid seeing profit erodes: Should banks engage with FinTechs for competitive advantage? Should banks build, partners or acquire FinTechs? We shall examine all the possibilities and more at this breakfast series. Join the conversation.
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