The financial service provider Stanbic IBTC has just finalized the 10th edition of the Standard Bank West Africa Investors’ Conference (WAIC) a 3-day event which held recently in Lagos. With the theme: “Prism of Possibilities.”
The west Africa Investors’ Conference was organized by Stanbic IBTC Holdings PLC which provides a platform for bringing together foreign and local institutional investors, fund managers, regulators and policymakers, bankers, businessmen and captains of industry among others, to engage and explore growth potentials and opportunities in Nigeria.
The discussion on advancing FinTech frontiers in Nigeria were highlighted at the opening day of the conference.
The Chief Executive of Stanbic IBTC Bank Plc, Dr. Demola Sogunle said that, this year’s edition is centered on deliberately showcasing investment potentials in Nigeria.
According to Sogunle, he said, “The West Africa Investors’ Conference serves as a veritable platform to match investors to investment opportunities. The idea is to be able to showcase the potential investments inherent in Nigeria to individual and institutional investors, who are looking to invest in the different sectors in the Nigerian economy.”
He also said, this year’s edition of the conference dedicated its panel session to FinTechs due to their significant role in Nigerian economy.
He reiterated that, “The Nigerian financial system as we know it is being disrupted with the introduction of innovative products and services. There is also the need for FinTechs to see potential areas of alignment with financial institutions. We hosted this panel session to create a platform for FinTechs to interact with serious minded frontier-market focused fund managers for possible areas of engagement. We also carefully chose panelists based on their professionalism and years of expertise.”
Speakers at the panel session were Akeem Lawal, Divisional CEO, Switching and Processing, Interswitch, Co-Founder, Flutterwave Olugbenga Agboola, and Country Manager, O’Day Iniabasi Akpan.
Interswitch’s Akeem Lawal stated that banks that don’t evolve, risk becoming extinct.