Friday, August 1, 2025
24.1 C
Lagos

Heritage Bank Seeks Banks, Fintechs’ Partnership on Financial Inclusion

Heritage Bank Plc has stressed the need for sustained collaboration between banks and financial technology companies (fintechs). This will support Central Bank of Nigeria’s (CBN) drive for financial inclusion and promote economic growth.
Managing Director of Heritage Bank, Mr. Ifie Sekibo, said this while delivering a goodwill message at the 2018 Annual National Conference of the Finance Correspondents Association of Nigeria (FICAN) held in Lagos, recently.
Sekibo, was represented at the event by the bank’s Divisional Head, Corporate Compliance, Mr. Wumi Adeniyi.
Sekibo, pointed out that over the years, Heritage Bank has developed solutions to promote financial inclusion.
He said Heritage Bank had taken bold steps to boost the CBN’s initiative of reducing the numbers of unbanked Nigerians the country, by offering financial services to the nooks and crannies of Nigeria thus providing access to the under-served markets.
“We all agree that our target is to achieve acceleration of financial inclusion. Those who are financially excluded are majorly technologically excluded.
“That means that we cannot push financial inclusion if we do not also push technology inclusion. We believe that by partnering fintechs, the financial services industry will push for inclusion and improve the economy. “That is because the financially excluded persons actually constitute a gap in the financial system and there is no way we can create a perfect economy except we bring all these people on board.
“Another issue is that the older generation is averse to technology because they have not been exposed to it and the fear of fraud. The CBN and the banks will continue to improve on our technology space.
“We might still have issues, but with the creation of the Consumer Protection Department of the CBN, the customers are sure of protection.”

spot_img
spot_img

Hot this week

NCDMB Leads Push for Homegrown Talents at Chevron-funded HCD Graduation

The Nigerian Content Development and Monitoring Board has reaffirmed...

Linkage Assurance Reports 50% Revenue Growth in 2024

L-R: Funkazi Koroye-Crooks, Non-Executive Director; Moses Omoregbe, Company Secretary;...

Heirs Insurance Unveils Creators Fellowship, Partners with Influencers to Drive Insurance Literacy

L-R: Joseph Onaolapo (Jay On Air), Oluwadamilola Bello (Dammy B) As...

Two NCDMB Leaders Bag Doctorate Degrees at UNIPORT Convocation

Two senior officials of the Nigerian Content Development and...

Sovereign Trust Insurance Reports 109% Insurance Revenue Growth in 2024

Sovereign Trust Insurance Plc recently released its 2024 audited...

Topics

Nestle Nigeria Plc: Strong Revenue, Recovery of Gross Margin in Q2-18

According to Cordros Capital, NESTLE reported 56.9% y/y EPS...

NIA Chairman, Kunle Ahmed, Unveils 5-Point Agenda to Drive Market Growth

Mr. Kunle Ahmed, Chairman, Nigerian Insurers Association (NIA) has...

FX Convergence:  ABCON Seeks Autonomy from CBN to Digitize Operation

The Association of Bureaux De Change Operators of Nigeria...

PenCom: No Breach in Leadway Pensure Investment in FBN

CLARIFICATION ON ALLEGED BREACH OF THE REGULATIONS ON INVESTMENT...

FOR THE RECORD: CITN Commends FIRS over Tax Collection

Revenue derivable in Nigeria can broadly be categorized under...

NAICOM: Islamic Finance Accounts for 3% of Financial Services in Nigeria

KEYNOTE ADDRESS BY THE COMMISSIONER FOR INSURANCE, MR OLUSEGUN...

Insurance Industry Most Resilient, Fast Expanding Sector in Nigeria –IICC Chairman

The Chairman, Insurance Industry Consultative Council (IICC), Mr. Edwin...

Standard Bank Returns to 3rd China Int. Import Expo

  Standard Bank is participating in the China International Import...
spot_img

Related Articles

Popular Categories

spot_imgspot_img