FinTech has the highest penetration in Africa, with 94% of population having regular access to the internet in South Africa alone. To note, in terms of VC funding for African FinTech startups, the fintechs raised a whopping US$ 350 million in 2020 – highlighting that fintech investments in Nigeria have grown by 197% over the past three years.
Therefore, an array of rapidly advancing technological innovations, from RPA to Artificial Intelligence (AI) and Machine Learning (ML), is offering BFSI sector new ways to transform their businesses without replacing core banking systems in Africa. In addition, the Egyptian government unveiled the Egypt Vision 2030 announcing one of the 8th goals is a mandate to expand fintech services throughout the country. To acknowledge the growing importance of digital innovation across financial institutions in Africa, the 7th Edition of World Financial Innovation Series (WFIS): LIVE will attract 1500+ technology and business heads from 200+ leading Banks, Insurance & Micro-Finance institutions across Africa to virtually connect, collaborate and explore a wide range of new-age-future-tech solutions curated for the growing BFSI sector. This exclusive virtual conference is scheduled for 10 – 11 August 2021.
Event Website: https://africa.worldfis.com/
Event Date: 10 – 11 August 2021