The Chief Executive Officer, FirstBank of Nigeria Limited, Adesola Adeduntan, has reiterated the bank’s commitment to innovation in delivering customers’ and shareholders’ values.
In his keynote speech at the the yearly FinTech & InsureTech Summit held at Sofia Event Centre, Bulgaria, with the theme: Banks and clients, the new story of empowerment, value creation and technologies, he said the bank is at the forefront of banking industry innovation, making sure that it leverages innovation to deliver shareholder value and improve customer experience with the latest FinTech innovations and new trends in the financial services space.
The summit served as a platform for in-depth knowledge sharing, networking, partnerships and collaborations among participants to showcase products across various industries, thereby promoting foreign investment among countries.
It had over 700 global leading finance practitioners, decision-makers from the financial sector notably; banks, payment providers, insurance and pension companies, IT experts, founders of FinTech companies, government and regulatory associations from all over the world.
Deliberations at the conference centred on various topical issues that would deepen financial inclusion and innovation capabilities, improve speed to market with digital innovation product and services and sustainable financial system where finance delivers positive ecosystem.
“To deepen innovation capabilities and improve speed to market with digital innovation product and services, FirstBank established its digital innovation lab to adopt agile development approach in its operations. The bank has also developed a robust telco-agnostic mobile money wallet to defend its business from the incursion of BigTechs and FinTechs into the core banking space. I believe that there is a significant opportunity for value-adding strategic cooperation and collaboration between Nigerian and the Bulgarian Banking and FinTech communities,” he said.