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NDIC hosts confab on financial tech today

The Nigeria Deposit Insurance Corporation (NDIC) will host public discourse on the impact, risks, challenges and opportunities for Financial Technology (FINTECH) starting today. The virtual…

The Nigeria Deposit Insurance Corporation (NDIC) will host public discourse on the impact, risks, challenges and opportunities for Financial Technology (FINTECH) starting today.

The virtual international conference with the theme, ‘Financial System Stability, Fintech and Emerging Risks: Challenge for Bank Supervisors’, will end on Friday, a statement said.

It said the event was apt due to emerging developments and financial system stability effects of Fintech and COVID-19 pandemic.

Participants are drawn from the International Association of Deposit Insurers (IADI), World Bank, International Monetary Fund (IMF), sister deposit insurers, supervisory and resolution authorities, as well as financial professionals.

Local participants include officials of the Central Bank of Nigeria (CBN), FITC, Chartered Institute of Bankers of Nigeria (CIBN), among others.

The conference is part of an effort to promote knowledge and experience-sharing amongst key stakeholders on Fintech, as well as provides opportunity to promote broad discussion on policy options to address emerging risks and opportunities associated with Fintech.

Chairman of NDIC Board of Directors, Mrs. Ibironke Sokefun will give the opening remarks, while Managing Director/Chief Executive of the Corporation, Umaru Ibrahim will give the welcome address.

The International Association of Deposit Insurers (IADI) Secretary-General, Mr. David Walker, will deliver Keynote remarks.