General News
Experts Brainstorm at AITEC Africa Conference
AITEC Africa, the leading organiser of ICT events across Africa, held the 2010 AITEC Banking & Mobile Money West Africa Conference at Eko Hotel’s new world-class conference centre over 11-12 May.
This year’s conference was tagged “Thought leadership and innovation to survive and thrive in a new banking era”.
Sean Moroney, chairman of Aitec Africa in his welcome address explained that “we live in a challenging world, particularly in the banking industry and it is vital for every manager and professional to have access to latest thinking on strategies, technologies and systems on the world market.”
Speaking on Pragmatic Ways to Achieve Financial Inclusion in Nigeria and West Africa, Macauley Atasie, CEO Nextzon Business Services said Financial Inclusion ensures access to financial services and timely and adequate credit where needed by vulnerable groups such as weaker sections and low income groups at an affordable cost.”
He added that “Financial Exclusion is the lack of access to basic formal financial products and services and credit leading to approaching informal/ exploitative markets.”
He noted that the financially excluded are small vendors, farmers, SMEs, artisans, semi/unskilled workers, unemployed, the poor and uneducated.
“In Nigeria, the structure for MFBs is still evolving, but it is clear that so far, we have not cracked it,” identifying the challenges of MFBs as efficient delivery channels, right products, industry standards and efficiency.
Atasie called for correspondent banking, mobile banking, absence of frills accounts, products with simplified documentation and shared offices back-office infrastructure.
“The current delivery channels of most financial institutions in Nigeria and other West African countries are ineffective at reaching the financially excluded, channels are too far away from the poor and are not modeled to suit their cultural and psychological make up,” he noted.
He said more recent financial inclusion efforts around the world are looking to combine the skills of traditional financial institution players with complementary, non-traditional distribution channels to reach low-income families.
Atasie called on the Central Bank of Nigeria (CBN) and other stakeholders to assist ISPs in accessing international funds for promoting financial inclusion while developing local funds
Hany Fekry, head of Sales & marketing, Mediterranean Smart Cards Company, Egypt while speaking on Smart Cards Challenges & Smart ways to address them, said third party processors were established to provide the experience and know-how to banks and financial institutions at competitive costs.
He said senior managers and decision makers need to focus on positioning themselves among their fierce competitors, and let their technical functions be handled by the experts.
“Outsourcing is rapidly becoming an accepted management tool for redefining and re-energizing the corporation. It challenges today’s executives to rethink the traditional, vertically integrated firm in favor of a more flexible organization structured around core competencies and long-term, external relationships.”
Zain Khan CMC, CEO, Alliances Consulting, Canada, in his presentation on Critical Success Factors in Maximizing Consumer Participation and Acceptance of the Mobile Banking Paradigm Shift said the consumer is imperative as a key strategic variable in the success of mobile banking.
Khan said this explains the need for maintaining a balance between innovation and consumer interests, critical consumer considerations in the supply chain of mobile banking, provide innovative ways to proactively educate consumers and maximize the overall value to consumers in the deployment of mobile banking.
The bank switch panel discussion, was moderated by Foluso Phillips, CEO, Phillips Consulting on the topic, Nigeria’s Banking Switch Landscape: Building a Tower or Babel?
Discussants at the panel were Mitchel Elegbe, managing director, Interswitch, Francis Ebuehi, managing director of Chams Switch, Ike Nnamani, managing director, Medallion Communications and Barry Ryan, director, Kenswitch, Kenya.
Francis Ebuehi, managing director, Chams Switch said stakeholders must be involved in the policy and procedures of the National Central Switch. He said there must be strict adherence to professionalism built on the concept of separation of roles for a successful switch.
Ike Nnamani, managing director, Medallion Communications said seamless interoperatability poses a challenge to epayment while calling for a proactive, knowledgeable regulation with right guidelines.
Mitchel Elegbe, managing director, Interswitch said problems with SAT 3 caused problems with the use of cards. He said banks will bypass the NCS, if not properly structured.
The two day event had a line up of 40 speakers, moderators, workshop leaders and panelists, 20 of whom are international experts, to share their knowledge and insights with local bank professionals in a stimulating and empowering conference environment.
The event also included a world class expo, showcasing leading local and international suppliers of systems and solutions for the financial services sector.
A new MasterCard report has predicted that Africa’s AI economy will more than triple in five years, reaching $16.5 billion by 2030 from $4.5 billion in 2025.
The whitepaper by the global payments technology company, with a presence in over 50 African countries, identifies responsible adoption, stronger data infrastructure, and aggressive skills development as the three pillars that will determine who benefits.
Mark Elliott, division president for Africa at MasterCard, emphasised that Africa stands at an inflection point, where smart technologies have the potential to make a real difference in people’s lives.
He likened AI’s potential to the continent’s leap into mobile money, which bypassed traditional banking infrastructure and brought millions into the financial system.
“Digital innovation, particularly AI, can drive real change on the ground by empowering communities and building a future where everyone participates in the new economy,” Elliott said.
The in-depth study flags several African frontrunners in AI adoption. South Africa tops the list, blending advanced infrastructure with strong research capabilities. It points out that Kenya is making strides with practical AI solutions, from credit scoring to healthcare services in local languages.
Nigeria’s vibrant start-up scene also gets a strong mention for attracting significant venture capital, while Morocco’s strong push in healthcare, agriculture, and energy, underpinned by bold national digital strategies, is another key driver.
Elliott stressed that success depends on powering electricity access, digitisation, and ensuring AI is fuelled by diverse, high-quality local data.
He added that inclusive transformation needs everyone involved, from small businesses to large corporations, policymakers, and communities. “The only good AI is responsible AI,” said Elliot.
Greg Ulrich, MasterCard’s chief AI and data officer, said Africa’s relationship with technology is one of active innovation, pointing to mobile payments as a homegrown success.
“AI is accelerating this transformation, reshaping how people live, work, and connect,” he said. Ulrich described MasterCard’s fraud detection systems, trained in cities like Lagos, Nairobi, and Johannesburg, as proof that global expertise and local talent can combine to deliver secure, real-time services.
He also cautioned that with scale comes responsibility. “Trust is earned, one transaction at a time,” Ulrich said.
He believes that with one of the world’s youngest populations, Africa’s next challenge is turning strategy into delivery, building infrastructure, nurturing talent, and ensuring AI lifts all communities.
The fellows of MTN Media Innovation Programme (MIP) Cohort 4 recently embarked on an immersive tour of Huawei’s Innovation Center, Cloud Service Centre, and Network Support Centre in Lagos, as part of their ongoing industry exposure sessions.
L-R: Isaac Ogugua-Ezechukwu, Programs Administrator, Professional Education, School of Media and Communications, Pan-Atlantic University; Blessings Mosugu, Vice President, MTN Media Innovation Programme Cohort 4; Gavin Geng Xiaoyan, Director of Solution Sales\Chief Technical Officer, Huawei; Vanessa Ukamaka Richard, Secretary, MTN MIP Cohort 4 and Dr Chike Mgbeadichie, Programs Director, Professional Education, School of Media and Communications, Pan-Atlantic University, during the July session of the MTN Media Innovation Program held at the Huawei office in Victoria Island, recently.
At the Huawei Innovation Center, the fellows were introduced to a wide array of next-generation technologies. Demonstrations covered Huawei’s smart city solutions, advanced power technologies, cloud systems, and upgraded router and antenna designs. These solutions represent the core of Huawei’s contributions as a strategic partner in MTN’s journey from a connectivity provider to a digital enabler.
One of the highlights of the tour was a live demo of an AI-powered video generator, which transformed selfies into high-definition 30-second avatar-based videos. The videos, created and delivered within seconds via Bluetooth, showcased the real-time capabilities of 5G.
Speaking on how 5G is transforming digital lifestyle globally, the Deputy Managing Director, Marketing and Solutions at Huawei Nigeria, Gavin Geng, noted that “Huawei’s goal is to bridge the gap between global innovation and local demand by tailoring technology to meet Nigeria’s specific challenges. From delivering Nigeria’s first digital village alongside our partners, to launching Nigeria’s first local cloud service, we are committed to working with our customers to build infrastructure that serve both urban and underserved communities.”
He emphasised Huawei’s commitment to security and cutting-edge innovation, adding that “as an employee-owned company adhering to strict global security standards, we ensure that customers’ data and connectivity remain secure while they benefit from next-gen solutions such as 5G, AI, smart city technologies.”
The session underscored MTN’s readiness to meet the increasing demands of Nigeria’s data-driven population and support the country’s digital transformation goals.
Afterwards, the fellows received certificates to commemorate the visit and proceeded to the Huawei Service Centre. Spanning 4,000 square metres, the facility supports operations in telecoms, finance, transportation, power, and public service.
With a dedicated DevOps team, the centre customises its monitoring systems for different clients. It is ISO27001 certified, and all employees hold security certifications, reflecting its emphasis on data protection and operational excellence.
To wrap up the day, the MIP cohort was hosted to a dinner attended by MTN’s Chief Services and Sustainability Officer, Tobechukwu Okigbo. He encouraged the delegates to maximise the opportunity the programme offers and shared personal insights during an experience-sharing moment.
The National Identity Management Commission (NIMC) has given its Diaspora Front-End Partners (FEPs) 48 hours to obtain and activate their National Identification Number (NIN) enrolment licences on its newly upgraded diaspora enrolment platform.
The commission said the deadline followed the successful completion of a major upgrade aimed at improving the security, efficiency and reliability of NIN registration for Nigerians living abroad.
According to NIMC, the upgraded platform will offer a more seamless and robust service to diaspora applicants, ensuring faster processing and better data protection. To prepare for the transition, all FEPs have been onboarded onto the new system and taken through intensive training to equip them with the knowledge needed for effective management of the platform.
Once compliant partners activate their licences, Nigerians abroad will be able to access NIN enrolment services through them without disruption.
“The Commission apologises for any inconvenience the upgrade process might have caused and has set up a dedicated service team to resolve all issues related to diaspora enrolment,” NIMC said in a statement signed by Dr. Kayode Adegoke, its head of corporate communications.
Diaspora applicants experiencing difficulties have been advised to contact the commission for prompt assistance.
While the new system rolls out overseas, NIN enrolment continues across all centres in Nigeria, with applicants able to locate their nearest centres on the NIMC website. Nigerians at home or abroad can also modify their NIN data via the online self-service portal.
NIMC further encouraged NIN holders to download the NIMC NINAuth App on iOS or Google Play to instantly verify their NIN, control who can access their information, and enjoy secure authentication services.
Firm Shares Tips for Safer Remote Working
NCC Bars Ex-Officials from Joining Telecom Firms for 5 Years
Airtel, Vodacom sign Network Infrastructure Agreement to Drive Digital Inclusion
Truecaller Crosses 100m Users in MEA Region
World Bank Approves $300m Loan to Support IDPs in Northern Nigeria
News3 days agoGoogle Hit by AI-driven Cyber Attack
General News3 days agoKuwait Busts Nigerian Cybercrime Ring Targeting Telecom Tower, Banks
News3 days agoFIRS Rolls out e-invoicing System for Large Corporate Taxpayers
E-Business3 days agoPalmPay Partners AXA Mansard Health to Make Digital Insurance Accessible, Affordable
Telecom3 days agoMTN Nigeria’s Mega Billion Promo Turns Airtime into Fortune for Thousands Amid Economic Strain
E-Business3 days agoZequence Digital Boss Calls for Strong IP Laws Enforcement, to Protect Nigeria’s Software Sector
E-Financial2 days agoNBS Reports ₦6.72 Trillion VAT Haul as Tax Reforms Pay Off
Telecom2 days agoMTN Nigeria Rolls Out Network-as-a-Service and Signs First MVNO to Drive Industry Efficiency