CONFERENCE PLEDGES TO BRIDGE THE CONTINENT’S BANKING DIVIDE
Africa’s financial sector aspires to world-class systems and standards that match best practices in developed economies. But at the same time, they have to seek growth in the region’s vast majority of unbanked who require low-cost mass banking services.
The effective application of IT and telecommunication solutions is essential for developing a profitable balance between these two sides of the banking market. World-class systems have to be carefully examined and assessed for their appropriateness to extend services to mass, low-income, mostly rural customers – instead of widening the divide between a banking system that serves an urban elite, delivering high-value services to a limited market, and the vast majority of the population that remains unbanked and therefore excluded from the formal economy.
The African Banking Technology Conference, hosted by AITEC Africa, the continent’s leading organiser of ICT conferences and exhibitions, will provide the region’s banking community with in-depth briefings from African and international experts that will enable them to assess latest banking technology systems and strategies to achieve an effective and profitable balance.
The theme of the conference is “Meeting Africa’s banking needs: World-class or all-class banking systems?” and will be held under the auspices of Kenya’s Ministry of Information & Communication.