The world is now gravitating towards digital financial services and so is Kenya with the rampant growth in smartphone adoption and internet penetration. As per reports, 94% Kenyans are mobile money users which carves a clear picture of fintech’s dominance in the country. In fact, Kenya surpassed the entire region by garnering a VC funding of $482million in just the first 3 months of 2022.
To bridge the gap between the fintech providers and financial institutions, Tradepass is hosting World Financial Innovation Series (WFIS) at The Kenyatta International Convention Centre (KICC) in Nairobi on 24 – 25 May 2023.
In an effort to upgrade the event platform and get the best recognition for the same, Kenya Institute of Bankers (KIB) has stepped forward as the Association Partner for the event. At a press meet, KIB even issued a statement expressing its vision for the country’s FSI, “The Kenya Institute of Bankers is the premier institution for providing capacity building in the banking and financial services sector in Kenya. We are keen on promoting skills for the workforce of the future both in Kenya and the region. Our Transformation Agenda through KIB Strategy 2.0 is anchored on 5 pillars namely – Governance and People, Value Proposition and Visibility, Digitization, Partnerships and Business Sustainability.”
In a very candid podcast organized by Tradepass, Angela Mwirigi (Director – Digital Financial Services, Kenya Commercial Bank) one of the key speakers for the event shed light on what makes Kenya the ideal place in terms of financial innovation, she explained, “I think Kenya is the place to be at because our people are so willing to adopt and try new technologies, so if you want a place which is a melting point for people from all over the world and then from all over the places in Africa and if you want to figure out what is it that will work then this is the place. I believe firmly that these technologies have the potential to completely revolutionize our way of life.”
ITSCREDIT, Perfios Software Solution, Safricloud and Genesys will be the face of the event as they will have their own exclusive exhibition booths to showcase their cutting-edge tech solutions.
During an interview, the CEO from ITSCREDIT, Ricardo Campos expressed how his organization is planning to uplift Kenya’s financial services industry, “We are thrilled to participate in World Financial Innovation Series, supporting the growth of the financial industry. At ITSCREDIT, we are committed to delivering reliable, innovative, and scalable software digital lending solutions that help our clients make better-informed decisions and manage risk effectively. With our cutting-edge technology and advanced analytics, we look forward to empowering financial institutions and businesses in Kenya and other regions to drive growth and support financial inclusion, ultimately making a positive impact on the local economy and society.”
WFIS 2023 – Kenya, will be attended by 600+ technology and business heads from the leading Banks, Insurance & Micro-Finance institutions across the country who will be looking to procure new technology vendors for their firms and take back the latest industry intel from the knowledge sharing sessions.
In a statement issued, post confirming his participation as a speaker, Hartnell Ndungi (Chief Data Officer, Absa Bank Kenya PLC) gave an amazing insight regarding how data leaders can help measure the success of enterprise-wide digital transformation for financial institutions, he said, “Assessing your transformation journey requires a digital maturity model. Most of the digital maturity models are organized into five stages starting from the least mature to stable digital maturity. To measure effectiveness of digital initiatives, you must establish measurable KPIs, and data driven metrics. Relevant dashboards should showcase to business stepwise growth from digital use cases and trended performance against targets.”
“The most important digital metrics to track are return on digital investments, employee productivity, adoption, digital reliability, cost benefit ratio, active users, and revenue from digital”, he added further.
All in all, the event will power two knowledge-packed days filled with insightful presentations on the most pressing industry topics, deep dive panel discussions with the leading thought leaders, live showcase of the best solutions and many more.
Some of the most pressing topics from the event include, ‘Cloud Banking’, ‘Banking 4.0’, ‘Open Banking Ecosystem’, ‘Building an AI Powered Bank’, ‘Neo-Banks’ , ‘Metaverse Banking’, ‘SUPTECH and REGTECH: The Future of Compliance in the FSI Sector’ and many others.
