The Chartered Institute of Bankers in Nigeria (CIBN), has rejigged its curriculum to accommodate more aspects of Fintechs and enhance better financial service delivery.
The Institute during the Fintech Association of Nigeria (FintechNGR) Social Meet 3.0, in Lagos, harped on the need for regular training of banking personnel to meet up with the technology revolution.
CIBN in collaboration with FintechNGR said partnership between banks and fintechs is pivotal to economic growth, and can unlock massive opportunities within in the country.
President, CIBN, Dr. Uche Olowu, said the collaboration with the institute and other relevant organisations will boost financial inclusion through affordable, accessible and simple technology.
Panelists at the event added that collaboration between banks and fintechs must create enduring indigenous solutions capable of standing the test of time.
President, Mortgage Banking Association of Nigeria, Adeniyi Akinlusi, noted that regulation often lagged behind innovation as innovation must continue and progress while regulation comes closely.
Noting that the scope and nature of the partnership between the banks and fintechs must be clearly defined, Head, Digital Banking, GTBank, Bolaji Lawal, said Fintechs must ensure stability and profile management, adequate capacity to deal with expansion and commitment to long-term partnership with the banks.
Founder, Riby, Salami Abolore, stated that resource inclusion, provision of complementary capacity to fintechs, establishment of Fintech focused department in banks headed by a top management staff are key to driving the partnership while fintechs must also ensure speed and compliance while innovating and integrating solutions.
The event also featured a panel of discussion on Banks & Fintechs and explored how they can collaborate better in driving financial services delivery and creation of shared values among key stakeholders.
