The Managing Director/Chief Executive Officer, Financial Institutions Training Centre, Chizor Malize, in this interview, talks about the necessity of financial technologies as tools for deepening financial inclusion, reducing the number of the unbanked and reducing poverty. GEOFF IYATSE was there.
Fintechs have emerged as unicorns leveraging technology to design new financial solutions. How has this changed the financial services landscape? Additionally, the entrance of telcos into the financial services sector means that they can take important financial services the last mile simply by riding on their existing infrastructure, especially in rural areas. This has also significantly changed the financial services landscape, along with the many other benefits such as the many jobs being created.
All of these point to significant growth in the volume of transactions within the financial services sector, and the consequent gains in economic activities. One can confidently say that fintech has significantly expanded the scope of the financial services sector beyond its traditional service offerings.
How does FITC contribute to the attainment of these goals while supporting the vision for a stable financial system?