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Access Bank Backs Roundtable for African Fintech Innovators

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Africa Fintech Foundry

By Adedapo Adesanya

Africa’s leading digital innovation hub, Africa Fintech Foundry (AFF), is set to host the first virtual edition of its FinTech innovation roundtable on December 11, 2020.

Themed Let’s Talk Tech Resilience 2021, the event, to be held in partnership with Access Bank, will feature experts in venture capital, technology, innovation and tech startups across the globe.

The objective of the event is to understand and inspire disruptive technology-driven solutions in the financial services sector.

Speaking on the event, Mr Daniel Awe, Head of the Africa Fintech Foundry noted that, “The COVID-19 pandemic and socio-political movements have affected the world on a global scale and have interestingly accelerated digital transformations.

“For us at AFF, we have recognised the importance of focusing on topical issues and emerging trends that will transform businesses to become technology-driven, customer-centric and socially relevant post-COVID.”

“This roundtable will explore how technology must evolve to be a force that positively shapes businesses and the society to ensure a safe, peaceful and rewarding future for every citizen,” he added.

On his part, the Executive Director for Information Technology and Operations at Access Bank, Mr Ade Bajomo, stated that “As Africa’s gateway to the world, we are always at the forefront of driving technological innovations that will grow the banking industry in Nigeria as well as Africa.”

“We have partnered with the continent’s leading technology and innovation accelerator, the Africa Fintech Foundry, to bring together stakeholders from different geographical areas who share a common interest in driving technological solutions.

“The AFF Roundtable will enable participants to stay ahead of others as they will be equipped with knowledge of new and emerging trends and how they can tap into the opportunities that exist in them,” the IT expert said.

The AFF roundtable holds quarterly and this edition will host about 3000 investors, executives, and analysts from across the African startup ecosystem.

At the event, speakers will discuss Disruptive effects of the pandemic, A new reality of virtual working, Data privacy, innovation, diversity, and the regulatory landscape, Driving reliance on digital technology and collaboration tools; Customer-centricity, amongst others.

These topics would be dissected by Mr Alex-Adedipe, Managing Partner, Messrs Duale Ovia and Alex-Adedipe Law firm; Dr Obadare Peter Adewale, Co-Founder, Digital Encode; MsSusanne Hannestad, CEO, Fintech Mundi; Ms Barbara Iyayi, CEO, Unicorn Growth Capital, among others.

Interested participants can register at https://hopin.com/events/africa-fintech-foundry to be a part of the AFF Roundtable.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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MTN Nigeria Revolutionises Urban Living With MyLagosApp

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MyLagosApp MyCityApp

By Aduragbemi Omiyale

A mobile application, MyLagosApp, designed to provide real-time updates on events, entertainment, hospitality, transport services and government-related payments, has been launched by MTN Nigeria in partnership with the Lagos State Government.

The digital platform was created by the Software Lab in MTN, according to the Chief Information Officer of MTN Nigeria, Shoyinka Shodunke, and is embedded with global security standards and practices with ISO 27001 certification.

At the launch of the app last Thursday, it was emphasised that security was a key priority in the design and development of the app to ensure the protection of user data and secure access to the app’s features and functionalities.

MyLagosApp, currently entitled MyCityApp on the app store, is available for download on both Android and iOS platforms. Users have been encouraged to download it to experience firsthand how urban living in Lagos has been transformed with the app.

The Deputy Governor of Lagos, Mr Obafemi Hamzat, while speaking at the unveiling of the app, reinforced the government’s commitment to leveraging technology for enhanced city management and connectivity.

He described it as a demonstration of the administration’s dedication to enhancing the lives of citizens through technological innovation.

“I commend the collaboration between MTN Nigeria and the Lagos State Government, alongside other key stakeholders, for making this vision a reality.

“This partnership is a testament to the power of technology in bridging the gap between the public and private sectors to drive innovation and improve lives.

“The app serves as a vital link between the government and the people, simplifying access to public services, providing real-time updates, and promoting transparency and accountability in governance.

“Whether you need to navigate government processes, access essential city services, or stay informed about key developments, MyLagosApp places all the information you need right at your fingertips,” Mr Hamzat said on behalf of Governor Babajide Sanwo-Olu.

On his part, the chief executive of MTN Nigeria, Mr Karl Toriola, said, “As we embrace the future of e-governance, digital entertainment and commercial innovation, initiatives like this are essential in making Lagos a truly smart city, and we are proud to partner with the Lagos State Government to drive digital transformation and enhance urban living.

“With the launch of MyLagosApp, we are leveraging technology to simplify access to essential services, improve connectivity, and create a smarter, more efficient Lagos for residents and visitors alike.”

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Data Privacy: Nigeria Launches Investigation into TikTok, Truecaller

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New Truecaller Logo

By Adedapo Adesanya

The Nigeria Data Protection Commission (NDPC) has launched an investigation into the data processing practices of Tiktok and Truecaller, amid growing concerns over potential privacy violations.

This was disclosed, the chief executive of NDPC, Mr Vincent Olatunji, at a press conference in Abuja, where he also announced the issuance of the Nigeria Data Protection Act – General Application and Implementation Directive (NDPC act – GAID 2025).

According to Mr Olatunji, the commission is particularly concerned about how these platforms handle Nigerian users’ personal data, including potential breaches of consent, data sharing with third parties, and overall compliance with the Nigeria Data Protection Act (NDPA), 2023.

He said the NDPC is actively investigating the data processing activities of Tiktok and Truecaller to ensure their compliance with Nigeria’s data protection laws.

He noted that the goal was to safeguard the privacy rights of Nigerians and hold organizations accountable for how they collect, store, and use personal data.

The investigation follows increasing scrutiny of global technology companies over data privacy concerns, particularly regarding how personal information is processed, stored, and transmitted beyond national borders.

The NDPC act – GAID, 2025 provides a comprehensive framework for the implementation of Nigeria’s data protection law, setting out specific guidelines for compliance, enforcement mechanisms, and obligations for both private and public sector organisations.

He emphasized that the directive aims to strengthen Nigeria’s digital economy by fostering trust in data governance while ensuring that individuals’ rights to privacy are upheld in line with international best practices.

Mr Olatunji further reiterated that companies operating in Nigeria must align with the country’s data protection regulations or face regulatory actions, including fines and potential restrictions on their operations.

The NDPC has called on the public to report any data privacy violations and reaffirmed its commitment to transparency and due process in its investigations.

The agency stated that reporting data breaches have become easier with dedicated channels of reaching out to the commission from its official website.

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Google Urges Nigerian Businesses to Drive Growth With AI Tools

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Google Accelerator Programme

By Adedapo Adesanya

Google has intensified calls for Nigerian businesses to tap into the potential of artificial intelligence (AI) as data shows how it is fundamentally transforming consumer behavior and creating unprecedented opportunities.

According to Mr Brendon Kraham, Vice President of Search and Commerce, Global Ads Solutions, the numbers show that Google products around the intersection of searching, streaming, scrolling, and shopping can help position businesses for growth.

Amid Nigeria’s economic challenges, technology is proving to be a pathway to drive brand awareness that resort to action.

“We’re observing a significant evolution in how people interact with technology and brands. This evolution is driven by AI and characterized by a multi-modal consumer journey, where searching, streaming, scrolling, and shopping seamlessly intertwine,” Mr Kraham stated.

He added that AI is now powering businesses when it comes to modern search and advertising with Google’s AI Overviews, powered by Gemini, demonstrating how AI can provide richer, more conversational answers, leading to increased user engagement and exploration.

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