Access Bank has shown its commitment to advancing the frontiers of industry agnostic
technological innovation across Africa with Nigeria in focus. This position is entrenched
by Access Bank’s sponsorship of the Nigerian Fintech week 2020. The week long event
sought to highlight FinTech as a solution to problems across different industries
including health, agriculture and logistics.
Speaking at the event, Ade Bajomo, the Executive Director for Information Technology
and Operations at Access Bank Plc, said, “Access Bank is committed to positively
impacting lives and building the economy through technology.
For years, the Bank has
invested in several initiatives geared towards improving access to tecnological
innovations while providing platforms for tech enthusiasts to innovate and make
massive impact on the society.” One of such innovation is Facepay which is a pioneer
solution in Africa that captures the face of an individual and leverages same to grant
access to financial services for the unbanked, make instore payments seamlessly at
merchant locations and subsequently build queless branches.
Furthermore, Ade Bajomo spoke about how various Digital identity systems are
leveraged across the world to provide economic inclusion for 1 Billion people who are
estimated to lack access to financial services because they do not have a form of
legally recognised Identity.
The foremost example was how India’s Aadhaar identity
manangement programme which has 1.2 billion indians has been leveraged for financial
inclusion,direct beneficiary programmes, humanitarian assistance, AML compliance and
cost savings in Government processes. He stated that Nigeria has a lot to learn from
this and Access Bank is at the forefront of leveraging digital identity systems to promote
Mr Bajomo also added that “By partnering with the Africa Fintech Foundry and
sponsoring a momentous occasion like the Nigerian FinTech Week, the Bank is
contributing to the strides that we are experiencing in the Fintech landscape and to the
growth of the economy at large. This is done through thought leadership, acceleration
and incubation of tech start-ups, hosting of hackathons and delivering digital products
tailored to the African market.
Through these interventions, other sectors of the
economy would be able to experience a 360-degree growth as well.”
Further cementing Access Bank’s involvement in the Fintech, Mr Ade Bajomo was
inaugurated as the new President of FintechNGR at the 2020 AGM of the association.
Speaking after his inaugauration , he stated that he would work with members of the
association and the industry to create solutions, employment, wealth and capacity, as
well as position Nigeria as a leading market for global FinTech Innovation and
In his capacity as president, Mr Bajomo will be tasked with furthering the strategic
mandate of the association to accelerate, connect and advocate with all stakeholders
which includes Members of Fintech Association of Nigeria, innovators and Fintech
thought leaders, techpreneurs, Venture capitalists, accelerators, the Regtech
Community, other Fintech associations and other well meaning partners who can help the association realise its ambitions.