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First Bank Holds FinTech Summit Wednesday

By Dipo Olowookere

One of the leading financial institutions in the country, First Bank Nigeria, will on Wednesday, October 17, 2018, hold a Financial Technology (FinTech) summit in Lagos, the nation’s commercial hub.

The event is in line with its corporate strategy to drive transformation through its products, processes and services.

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One of its sole aims is to increase technological support and collaboration with the tech community whilst deepening the bank’s technological inclusion framework to improve its product offerings and services delivery experience.

Last week, the bank held a two-day pre-summit ahead of the main event, which was a coding competition tagged Hackathon held on October 11 and 12, 2018.

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The Hackathon focused on Artificial Intelligence and Big Data and 10 teams contested for the grand prize of N3 million, showcasing their technological and artificial intelligence capabilities with the second and third best teams carting away the sum of N1.5 million and N750,000 respectively.

Business Post reports that this Wednesday’s summit is themed The Future of Banking – the Role of AI and Big Data and over 700 FinTech players and stakeholders are expected to attend.

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Also, the 10 teams that participated in the Hackathon competition will showcase their solutions at this week’s programme.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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