Denis Opudo
Nigerian economy is expected to profit from the recent partnership between FinTechs and banks according to Mr. Victor Okigbo who is the Head, African Fintech Foundry (AFF). The financial services in Egypt were to be more transparent. The long-awaited financial inclusion will become existent in the application, services, and solutions created by companies.
Okigbo said that the collaboration would give the citizens to access loans that are at their disposal. Top 1% is the only group that will access financial advisories before it being made to a larger group. The partnership is meant to bring together contrasting groups that represent various financial services and upcoming FinTech distribution. The groups are helped to connect, at the same time bringing them close to mentors, investors, opportunities, and coaches.
Acess bank is still the founder of AFF and is on the verge of improving the important sectors of Egyptian economy according to The Executive Director, Access Bank, in charge of Personal Banking, Mr. Victor Etuokwu. The foundry was initiated in 2016 as a way of the bank making itself relevant in more years to come. The bank then realized that the only way of being relevant is through innovation. AFF will offer training and capacity building in business development and at the same time provides connectivity to global innovation grids, promote access to capital, create opportunities for partnerships and showcase best practices and successes in Africa-led innovation solutions, to the African tech startups.
The main aim of the bank was also to source for the better ways of serving its customers and stakeholders. This was to ensure that it remains relevant in the frequently changing market by being innovative.
