By Audrey Lotechukwu
THUR, 12 NOV, 2020-theGBJournal- The new President of FinTech Association of Nigeria (FintechNGR) predicts that an appreciable number of innovative solutions will be introduced in the payment sector.
‘’The key drivers of these innovative solutions will include – contactless payments, biometric solutions for financial inclusion and the acceptance of Blockchain technology as a viable payment option,’’ he said.
Mr Bajomo hinted that the CBN, through an inter-agency committee and the FinTech Association of Nigeria is already exploring Blockchain adoption for the financial sector.
Mr Ade Bajomo, Access Bank’s Executive Director of Technology and Operations was announced the President of FintechNGR during FinTechNGR’s virtual Annual General Meeting held recently.
Prior to his appointment as President, Ade Bajomo served as the Vice President of FinTechNGR for the last two years.
According to Bajomo, FinTech offerings will be one of the key performance drivers for the Nigerian banking sector post-COVID-19.
“The possibilities are endless for a sector that has been responsible for over N700 trillion worth of transactions over the last 12 months. This trend is expected to continue even in a post-COVID-19 world.”
Bajomo believes that Nigeria can be positioned as a leading market for global FinTech Innovation and Investment.
“In my capacity as the president, I will ensure FinTech Association of Nigeria works collaboratively as a team to position Nigeria and ultimately, Africa, as a force to be reckoned with in the global community. Nigeria has all the human resources it needs to be competitive in the global marketplace and this administration will strive to accelerate the growth of the industry and help create job opportunities and wealth,” Bajomo said after his inauguration as President.
In his capacity at Access Bank, Bajomo led Access Bank’s digital transformation, overseeing the Bank’s use of advanced analytics, cloud computing, artificial intelligence, machine learning and robotics process automation to sustain banking and improve customer experience.
As Africa’s ‘Gateway to the World’, Access Bank continues to invest in digital innovation to drive trade and accessibility to finance. For its dedication to leading technological disruption in Africa, the Bank was recently recognised by Asian Banker as the ‘Best Digital Bank in Africa’.
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