In The Know Vol. 16 - Banking on the Future
This month marked a milestone for EFT Corporation and EFT Corporation Limited as we hosted our inaugural Banking on the Future Conference. From May 13-15, the scenic Victoria Falls served as the backdrop for this groundbreaking event, where C-suite executives from over 70 premier banks across Africa gathered to envision a future shaped by digital innovation.
Customers were invited to attend this three-day conference, coming together to build the digital banking ecosystem collectively. Through various activities, the event assisted us in re-connecting with our customers, fostering a deeper understanding of their needs and aspirations. The 'Banking on the Future' conference became a hub of ideas, discussions, and strategic collaborations, all aimed at revolutionising the continent's financial landscape.?
Industry leaders, including Professor Adrian Saville of GIBS, Jon Causier from Simon-Kucher , Jamie Loden from Diamond Trust Bank and Mohil Subban and Riaan Singh from 普华永道 , delivered presentations on the vital roles of leadership, customer-centric strategies, digital transformation and artificial intelligence in reshaping banking. Other presentations from the likes of Gabriel Swanepoel , Pieter van der Merwe , Damon Madden , Meagan Rabe and Neil Cosser , highlighted the necessity of a collaborative approach to tackle Africa’s unique market challenges, promoting seamless integration of fintech and traditional banking. Attendees left with a renewed vision of a dynamic, inclusive financial future, driven by actionable strategies and innovative technologies.?
We extend our heartfelt gratitude to our sponsors: 萬事達卡 , 泰雷兹 , Stratus Technologies , ACI Worldwide and Visa , as well as to our speakers for their invaluable contributions in making the Banking on the Future Conference a resounding success. Your support and expertise were instrumental in bringing our vision to life, fostering an environment rich with insights and innovation.???
This conference set a new benchmark for the future of banking in Africa, promising a dynamic and inclusive financial landscape powered by cutting-edge technology.??
We hope to see you all in 2025!??
?? Read more about the event here ?
Digitalisation: A revolution in financial services industry
Africa's digital transformation is set to revolutionise its economy, with the continent's youthful population and increasing digital adoption driving inclusive economic growth. The African Development Bank's 2021 white paper highlights the surge of business opportunities from digital adoption, with investments flowing into tech hubs and fintech start-ups in Egypt, Nigeria, Kenya, and South Africa. Mobile money is transforming financial services, promoting widespread adoption and socioeconomic impact.?
领英推荐
This article explores successful fintech solutions and the collaboration between telecom giants to drive mobile wallet interoperability. Telcos are banking the unbanked and underbanked, leveraging digital payment solutions for revenue. Despite challenges like regulatory uncertainty and talent retention, innovation is expanding into sectors like insurance, with USSD and AI facilitating instant purchases and claims processing. To sustain this momentum, enabling regulations and business support are crucial for harnessing Africa's economic potential.???
Leading the way in BaaS compliance??
South Africa's banking and fintech sector, despite challenges, boasts robust compliance frameworks ensuring safety and security.?Ukheshe, as a digital-first financial services enabler, prioritizes regulatory compliance, fostering trust through collaboration and alignment with industry standards. ???
In our latest blog, we explore the exponential growth of the financial services sector, particularly in Banking as a Service (BaaS). Learn about BaaS integration into non-financial products, its regulation, and Ukheshe's compliance-first approach, ensuring AML/CFT compliance, data security, and regulatory adherence. Discover why choosing the right BaaS provider is essential for success and how Ukheshe stands out with its proactive approach and commitment to evolving with regulatory changes.???
As we continue to push the boundaries of innovation in the fintech landscape, we are excited about the future and the opportunities it holds. Our commitment to providing cutting-edge financial solutions remains unwavering, and we are constantly striving to enhance our offerings to serve you better.?
Next month, we're gearing up to unveil something truly transformative. Stay tuned for some exciting news that will mark the beginning of a new era for us.
Together, we're not just looking at the future; we're shaping it. ???