Washington held host to a dazzling array of technological and business experts on Thursday, 11th April 2019, as the second edition of The African Fintech Summit (AFTS) served yet again, another riveting and insightful discourse on Financial Inclusion and the future of financial technology in Africa.
AFTS is a global initiative founded on the idea that fintech can unleash unprecedented economic firepower in Africa and encourages collaboration between ecosystem stakeholders.
The event, which had its maiden edition in Lagos last year was attended by tech and finance leaders, policy makers and investors from across Africa and the United States.
Prominent among the speakers was Oluwadare Owolabi, the MD/CEO of Xpress Payments. In his presentation which centered around the theme; ’Democratization of Financial Services’, Owolabi called for “fundamental and wholesale changes in the financial service experiences of users and customers in Africa.” This he believes will “Promote the existence of financial inclusion programs as well as increase accessibility to credits and finances.”
On how to enable Democratization of Finance in Nigeria, Owolabi outlined the need for technological orientation, security and trust, digitization as well as native innovations that are relatable to customers.
Other key personalities at the summit included; Jim Ovia of Zenith Bank who gave the opening address; Worku Gachou, Managing Director for Africa at OPIC; Olugbenga Agboola, Co-Founder and CEO of Flutterwave; Bunmi Akinyemiju, CEO of Venture Garden Group among a host of others.