Saturday, July 20, 2024
25.2 C

Fidelity Bank Reaffirms Support for Digital Innovation in Africa

L – R: Chief Innovation Officer, Africa Technology Expo, Nnaemeka Clinton; Commissioner for Innovation, Science, and Technology in Lagos State, Olatubosun Alake; Executive Director and Chief Risk Officer, Fidelity Bank Plc, Mr. Kevin Ugwuoke; and Vice President, Ventures and Ecosystem, Africa Technology Expo, Cynthia Chisom; at the 2024 Africa Technology Expo (ATE 2024) which took place in Lagos.

Leading financial institution -Fidelity Bank Plc -has restated its devotion to support the development of the African technology sector to actualize its potentials. This was revealed at the Africa Technology Expo (ATE 2024) which took place recently.

Held in Lagos, the well-attended event provided an avenue for African businesses to display their creativity and gain opportunities in the competitive tech industry.

In her keynote speech at the event, Dr. Nneka Onyeali-Ikpe,OON, Managing Director/Chief Executive Officer, Fidelity Bank Plc, stated that Fidelity Bank is rapidly implementing a digital-based retail-banking strategy by creating an SME business hub to facilitate networking and collaboration among startups, content creators and other digital entrepreneurs.

“At Fidelity Bank, we are convinced that Africa can be the hub of emerging technology and we encourage stakeholders to close ranks to tackle the two main constraints to start-ups tech growth, namely: lack of investment -an internal issue, and inadequate support -an external issue.

“This informs our decision to partner with SPARK Africa and other stakeholders to host the African Technology Expo -a platform for start-ups and participants to meet with investors, growth partners and network amongst leaders in the industry. We are convinced that the 2024 edition can kickstart Africa’s Digital transformation and spur growth across communities and economies. Fidelity Bank seeks to water the seeds for this Digital transformation and we are delighted to host tech start-ups aligned with this purpose”, explained Dr. Onyeali-Ikpe, who was represented by the bank’s Executive Director and Chief Risk Officer, Mr. Kevin Ugwuoke.

Speaking earlier at the event, the Lagos State Governor, Babajide Sanwo-Olu, who was represented by the Commissioner for Innovation, Science, and Technology in Lagos State, Olatubosun Alake, highlighted the State’s intervention in the technology and innovation industries while acknowledging the role of tech startups in driving economic growth and social development.

On his part, the Chief Innovation Officer of the Africa Technology Expo, Nnaemeka Clinton, pointed to the commendable growth and innovation within the African tech industry in his welcome address, noting that, “From the wider tech landscape of the African continent to the busy hubs of Accra and Lagos, we have witnessed relentless innovation that is shaping our future.”

He acknowledged the challenges faced by startups, including competition and the need for more support, but stressed the resilience and potential of African tech entrepreneurs.

Ranked as one of the best banks in Nigeria, Fidelity Bank is a full-fledged commercial bank with over 8.3 million customers serviced across its 251 business offices in Nigeria and the United Kingdom as well as on digital banking channels.

The bank has won multiple local and international awards including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, the Best Payment Solution Provider Nigeria 2023 and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards; Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.


Hot this week

Stanbic IBTC Bank Partners Lagos State on Water, Sanitation Infrastructure Funding Summit

Stanbic IBTC Bank, one of Nigeria’s leading financial institutions,...

Stanbic IBTC Launches Ambitious Tree-Planting Campaign in Cross Rivers State

Stanbic IBTC Holdings, in collaboration with One Tree Planted...

PalmPay Named Among Top 250 Fintech Companies in the World by CNBC, Statista

PalmPay, a leading Africa-focused fintech platform, has been included...

AIICO’s Annuity Customers Attest to Financial Stability, Payout Hits N1.3bn Monthly 

AIICO Insurance Plc, a leading insurer in Nigeria, today...

WORLD PR DAY: APRA Advocates Ethical, Responsible Use of AI

The African Public Relations Association (APRA) has called on...


Danbatta Advises Businesses to Adjust with Disruptive Technologies

L-R: John Odeyemi, Chairman, Board of Trustees and past President, Lagos...

NSE Admits Airtel Africa to its Main Board

 L – R (A) shows Segun Ogunsanya, Managing Director/CEO,...

Royal Exchange Reports N8.43bn Premium in 6 Months

Royal Exchange Plc, one of Nigeria’s premier insurance and financial services group, has announced that it has generated a Gross Written Premium of N8.43 billion from its business activities in the first half of the 2016 financial year, representing an increase of 34 percent over the figure of 2015, which stood at N6.28 billion.

Interswitch Extols First Bank For Sustaining 100m Monthly Transactions Milestone

Interswitch Group, Africa’s leading digital payments and commerce company...

Stanbic IBTC Wins CIPM Awards

(L-R) Tosin Leye-Odeyemi, Head, Reward, Analytics & Reporting, Stanbic IBTC...

World Economic Forum Postpones 2022 Annual Meeting over Omicron Outbreak

The World Economic Forum will defer its Annual Meeting...

Equity Market Remains Upbeat… NSE ASI Advances for 8th Session

The Nigerian equities market sustained its bullish run today,...

#VisaFreeAfrica Initiative Introduces Writing Competition

#VisaFreeAfrica (VFA) recently introduced the 55 Voices for a...

Related Articles

Popular Categories