Stanbic IBTC Holdings PLC, a subsidiary of Standard Bank Group, has reiterated its commitment to promote and invest in disruptive innovative financial technologies that foster sustainable economic growth and financial inclusion in Nigeria.
Wole Adeniyi, Chief Executive, Stanbic IBTC Bank PLC disclosed this at the 5th annual Nigerian Fintech Week Conference, which had several stakeholders from the financial ecosystem discuss “Sustainability and Ecosystem Building”.
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Adeniyi stated that financial technology has significantly disrupted the world’s financial ecosystem and driven growth and competitiveness in the payment sector.
He added that the economic growth has enabled financial systems to become more customer-centric and given them the platform to compete globally.
He highlighted that these new developments have not only impacted customers but also employees who also seek new roles that are being created by digital capabilities.
“I hope this conference further promotes and broadens our understanding of the impact and direction of technology on our financial ecosystem, as well as provides a clear insight on how collaboration with fintech startups and organizations will facilitate financial inclusion and drive economic growth,” he added.
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